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Sale of 161,015 SF Office & Flex Portfolio

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Colliers facilitates sale of 3-building portfolio in Greenwood, Indiana

Colliers has closed the sale of South Park Business Center Buildings 1, 2 & 3. The three, multi-tenant assets total 161,015 square feet and are located just south of Indianapolis at 21–63 South Park Blvd, 50–164 South Park Blvd, and 1499 Windhorst Way in the heart of Greenwood. The Portfolio sits immediately off of I-65 and Main Street and features unbeatable interstate access.

Alex Cantu and Alex Davenport of Colliers’ Indianapolis Capital Markets team facilitated the sale on behalf of DTM Real Estate, a development, acquisition, and management firm headquartered in Indianapolis, Indiana. Buildings 1 & 2 were purchased by Riverside Realty Capital, a Cincinnati, Ohio based real estate investment firm. Building 3 was purchased by a private LLC.

A diverse variety of industries reside within South Park Business Center. Buildings 1 & 2 are occupied by over 20 office and flex users. South Park Building 3, a two-story office building, is home to 7 tenants including Aspire Greenwood, the economic development commission and Chamber Alliance for Greenwood.



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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

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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