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Sale of Mount Comfort Commercial Park Lot 3

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Colliers assisted Becknell Industrial with closing on the sale of a 52-acre site in Mount Comfort Commercial Park located just east of Indianapolis in Mount Comfort, Indiana.  Becknell currently has two buildings under development totaling 650,000 square feet in the Park.

The Colliers Midwest Industrial Sales Team, led by Alex Cantu in the Indianapolis office and Jeff Devine and Steven Disse in the Chicago office, facilitated the transaction on behalf of Becknell. The site was purchased by Exeter Property Group, a real estate investment management firm focused on industrial properties across North America and Europe. Exeter plans to immediately begin construction on a 955,687 square-foot speculative warehouse scheduled to be completed in the first quarter of 2022. The building will feature 40 foot clear height, 282 trailer parks and 80 exterior docks.

Located along I-70, a primary east-west logistics thoroughfare, Mount Comfort is one of Indianapolis’s fastest growing modern logistics submarkets. More than 5 million square feet of new users have recently opened logistics operations or committed to the Mount Comfort submarket. Hancock County is committing over $30MM in infrastructure improvements to its major thoroughfares to accommodate the needs of today’s modern logistics user.

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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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