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Sale of Bath & Body Works Midwest Fulfillment Center

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1,022,380 SF E-Commerce Fulfillment Center

Colliers has closed the sale of Bath and Body Works, Inc.’s (NYSE: BBWI) state-of-the-art Midwest e-commerce fulfillment center. BBWI plans to add 500 employees to its central Ohio workforce to fill online orders at the 1,022,380-square-foot build-to-suit facility. Located at 514 Exchange Way in Commercial Point, Ohio, it is the first completion within the 875-acre master-planned Rickenbacker Exchange at Commercial Point industrial park in the southern metropolitan area of Columbus. 

The Colliers Midwest Industrial Sales Team — led by Alex Cantu of the Indianapolis office, Jeff Devine and Steven Disse in the Chicago office, along side of Michael Linder in the Columbus office — facilitated the transaction on behalf of VanTrust Real Estate, a full service real estate development company headquartered in Kansas City, Missouri. The asset was purchased by The Mid-America Management Corporation, a Beechwood, Ohio based investment firm with a portfolio of residential, industrial, and retail properties across 12 states. 

The Colliers Midwest Industrial sales team oversees the sales and funding of industrial projects throughout Midwest logistics region.  The Colliers Midwest Industrial Sales Team has executed over 17 million square feet of transactions valued at $1.26B year to date throughout, Illinois, Indiana, Ohio, Kentucky, Michigan and Minnesota.


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Alex Cantu

Vice President

Indianapolis

As Executive Vice President and 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. 

Over the past 24 months, the Indianapolis Capital Markets Team has executed nearly $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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Jeff Devine

Principal

Chicago - Rosemont

I serve as Executive Managing Director for Capital Markets and a Principal owner of the Colliers | Chicago office, focusing on investment sales of Class A and B industrial properties in Chicago and the greater Midwestern US, ranging in value from $5 to $500 million. I joined Colliers in 1995 as an analyst for the firm’s Development Group and have ascended to be a Principal of the Chicago office of Colliers International.

I  work with Steve Disse to service institutional real estate investors in Chicago and surrounding Midwest cities. Together, we are consistently recognized as the top industrial capital markets professionals in Chicago. Our team consistently holds the majority market share of Chicago area industrial investment sales and has closed over $1.5 billion in sales over the last 24 months. For the past two years (2019&2020) Steve and I received the NAIOP Industrial Investment Transaction of the Year Award for large industrial portfolios sold in the Chicago market on behalf of Conor Commercial and Centerpoint Properties.  

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Steven Disse

Principal

Chicago - Rosemont

I have been with Colliers International for 29 years and serve as a principal of the Chicago office. I focus on investment sales of institutional quality industrial and office properties in Chicago and the Midwest ranging in value from $5 million to $300 million. I team with Jeff Devine to form Chicago’s most active industrial investment sales team. Our team consistently holds a 50 to 60 percent market share of Chicago area industrial investment sales and has closed over $1.5 billion in sales over the last 24 months. This past year, Steve and I received the 2019 NAIOP Industrial Investment Transaction of the Year Award for brokering the sale of the Fountain Square Commerce Center in Bolingbrook, IL.t.

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Michael Linder

Senior Executive Vice President | Principal

Columbus

Michael R. Linder, SIOR is a member of the Columbus Industrial Team at Colliers along with Shane Woloshan, SIOR, Joel Yakovac, SIOR, Jonathan Schuen, SIOR,  Kyle Ghiloni, and Molly Crosby, Mike works with owners and tenants in the leasing, sale, and development of industrial properties, primarily in the southeast and southwest markets. He has been involved in real estate for over twenty years.

Mike is a member of the Colliers Logistics and Transportation Solutions Group (L&T). L&T is a select group of specialists dedicated to delivering focused solutions to the increased challenges of today’s global shipping and transportation community. With the group, he has traveled throughout North America as well as South America on port tours to understand what drives demand to Columbus, Ohio and to set new standards for delivering clients the most advanced resources and service.

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