Marcus & Millichap Negotiates $17.7M Sale of Multifamily Complex in Downtown Louisville
LOUISVILLE, KY. — Marcus & Millichap has arranged the $17.7 million sale of Kentucky Towers, a 276-unit multifamily complex in downtown Louisville. The property is located at 430 W. Muhammad Ali Blvd. The buyer was not disclosed, however, multiple media outlets report TEG The Flats on Fifth LLC acquired the property and will rebrand the 94-year-old building as The Flats on Fifth. Kentucky Towers offers studio through three-bedroom floor plans and communal amenities such as a fitness center, swimming pool, on-site retail and maid services. Colby Haugness, Jordan Dickman, J.D. Schmerge and Nicholas Andrews of Marcus & Millichap represented the buyer in the transaction. The seller was not disclosed.