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Sale of 550 Congressional Blvd

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Colliers International has closed the sale of 550 Congressional Boulevard, a Class A office building located in Carmel, Indiana. The newly renovated, 106,814-square foot facility is situated along the Meridian Corridor, the market’s most sought after submarket.

Alex Cantu and Alex Davenport with Colliers Indianapolis facilitated the transaction on behalf of the seller, Tryperion Partners.  An undisclosed private investor purchased the asset; it is their first purchase in the Indianapolis market.

Originally built in 1987, the three-story building was completely renovated in 2016. The property is currently 91.8% occupied, with a weighted average lease term of 3.42 years. 550 Congressional is home to a diverse set of businesses including Fuzion Analytics, Corvel Risk Management, and the Kopka, Pinkus, & Dolin law firm. It sits on over 12 meticulously maintained acres, providing tenants abundant parking as well as thoughtful outdoor amenities including a fire pit and bocce ball courts.


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Alex Cantu

Executive Vice President

Indianapolis

As leader of the Indianapolis Capital Markets and Investment team, Alex specializes in the disposition and acquisition of single-user and multi-tenant investment properties on behalf of institutional and private capital clients. Alex has been involved with transactions throughout the Midwest with a primary focus on the Indianapolis market. He has exclusively represented sellers of office, retail, and industrial product, as well as advised select investors on acquisitions. With his thorough knowledge of the investment markets and extensive background in asset and market analysis, Alex provides disposition expertise in pricing, market penetration, and targeting active buyers. 

Alex is a 4-time recipient within the coveted Colliers Everest Club – recognizing the top 10% of brokers, production-wise, across the entire U.S. 

Over the past 24 months, the Indianapolis Capital Markets Team has executed on $1 Billion in transactional volume.  Previously, Alex was part of the office landlord advisory group for NAI Olympia Partners. His extensive work with landlords and prospective tenants has given him an in-depth understanding of marketing, leasing, and driving value for his clients’ investments.
 

Team Website:  IndyCapitalMarkets.com

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Alex Davenport

Senior Vice President

Indianapolis

Alex Davenport specializes in capital markets advisory services and the acquisition and disposition of investment properties. On the firm’s Capital Markets team, Alex works with Alex Cantu to service private and institutional real estate investors in Indianapolis and the greater Midwest region. Since joining in 2016, he has been involved in executing over $1.50 billion in transaction volume encompassing over 20 million square feet of industrial, office and retail product throughout the Midwest. 

Alex is a graduate of Indiana University and holds a bachelor’s degree in Economics with a minor in Entrepreneurship & Small Business Management from IU’s Kelley School of Business.  At IU, he was active in his fraternity, Sigma Chi, coordinating special events and philanthropic activities – driving these events gave Alex beneficial insight and an appreciation of the critical start-to-finish details required for a successful outcome.

Alex lives a very active lifestyle – weightlifting, running, cooking and traveling.

Team Website:  IndyCapitalMarkets.com

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