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Sale of Franklin Road Business Center

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Colliers arranges sale of 320,219 SF Industrial/Office building in Indianapolis

Colliers has closed the sale of Franklin Road Business Center, a 320,219 square-foot, two-story facility in the heart of the east Indianapolis submarket. Situated just northeast of I-70 and I-465 at 2855 N Franklin Road, the 33.42 acres site offers convenient access to Indianapolis’ robust highway system — providing phenomenal connectivity to local labor, the central business district, and Indianapolis International Airport.

Alex Davenport and Alex Cantu of Colliers Midwest Capital Markets team facilitated the transaction on behalf of Franklin Road Realty. LLC. The asset was purchased by Legacy Capital Partners, Inc., a Denver, Colorado based private equity firm that specializes in the acquisition and operation of commercial real estate in rapidly growing secondary and tertiary markets across the United States.

Originally built in 1961, Franklin Road Business Center is a warehouse and distribution facility with office space. The building features 13’ to 26’ clear heights, 16 docks, 3 drive-in doors, a 239 seat auditorium, and abundant parking. The 75% leased, multi-tenant facility is home to five tenants including Nakoma Products, Barrette, and Siro Technology.

 

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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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