REBusinessOnline

Publix Enters Kentucky With 55,702 SF Lease at Terra Crossing Development in Louisville

LOUISVILLE, KY. — Publix Super Markets Inc., a Florida-based grocery store chain, has signed a 55,702-square-foot lease at the Terra Crossing development located at the northwest corner of Terra Crossing Boulevard and Old Henry Road in Louisville. This location will be Publix’s first store in Kentucky. With the new Louisville location, Publix has over 1,280 stores now in eight states across the Southeast and Mid-Atlantic.The Terra Crossing shopping center will soon be under …

Strawberry Fields REIT Acquires Six Nursing Facilities in Kentucky, Tennessee for $81M

SOUTH BEND, IND. — Strawberry Fields, a South Bend-based owner of long-term acute care hospitals, skilled nursing and assisted living facilities, has acquired six skilled nursing facilities located in Kentucky and Tennessee for $81 million. The properties include:• Landmark of Kuttawa, a 65-bed skilled nursing facility located at 1253 Lake Barkley Drive in Kuttawa, Ky., that was built in 1968. • Agape Rehabilitation & Nursing Center, an 84-bed skilled nursing facility located at …

Marcus & Millichap Brokers $10.6M Sale of Two-Property Apartment Portfolio in Louisville, Kentucky

LOUISVILLE, KY. — Marcus & Millichap has brokered the sale of two adjacent apartment properties in Louisville: the 106-unit Preston Commons Apartments II and the 80-unit Dunwoody Court Apartments. An entity doing business as Maples LLC bought the portfolio for $10.6 million, according to the Louisville Business First. The buyer plans on combining the two adjacent properties into a 186-unit community called Valore at the Maples.Preston Commons Apartments II is located at 1409 …

SVN | Stone Secures $17.4M Sale of Mist Lake Plaza Shopping Center in Lexington, Kentucky

LEXINGTON, KY. — SVN | Stone Commercial Real Estate has brokered the $17.4 million sale of Mist Lake Plaza, a 217,292-square-foot shopping center in Lexington. Matt Stone, Justin Ryder and Nathan Dilly of SVN | Stone represented the seller, DF Lexington Properties LLC. Jim Powell of The Gibson Co. represented the buyer, S & P Holdings LLC. The center will be the future home of Lexington Motorsports, a motorcycle dealer in Kentucky.Mist Lake Plaza is located near Man O’ War …

Marcus & Millichap Arranges $9.4M Sale of Store in Nicholasville, Kentucky Leased to Kohl’s

NICHOLASVILLE, KY. — Marcus & Millichap has arranged the sale of an 82,982-square-foot retail property located at 150 Kohls Drive in Nicholasville, about 12 miles away from Lexington. The freestanding store is net-leased to department store retailer Kohl’s, which has nearly nine years remaining on the lease. The transaction, which includes the Kohl’s and an outparcel, was totaled $9.4 million.Jesse Limon of Marcus & Millichap’s Manhattan office represented the seller, an …

Hunt Midwest Completes 322,831 SF Blankenbaker Logistics Center in Louisville

LOUISVILLE, KY. — Hunt Midwest has completed Blankenbaker Logistics Center, a 322,831-square-foot industrial development in northeast Louisville. The facility is located close to Interstates 64, 265 and 71 and the two Ford plants.Piston Automotive, a Redford, Mich.-based automotive supplier, signed a lease for the entire facility before buildout was complete.The cross-dock warehouse features 36-foot clear heights, 60-foot speed bays, a 140-foot-deep truck court, four drive-in doors, …

JLL Income Property Trust Acquires Louisville Airport Distribution Center for $32.1M

LOUISVILLE, KY. — JLL Income Property Trust has acquired Louisville Airport Distribution Center, a newly constructed industrial property located in the Southside/Airport industrial submarket in Louisville. The facility totals approximately 284,000 square feet. The property is within five miles from distribution hubs including UPS Worldport (Air Distribution Hub), UPS Centennial Hub (Ground Distribution Hub) and the Louisville Muhammad Ali International Airport. The Chicago-based REIT …

NorthMarq Provides $10.8M HUD-Insured Loan for Hurstbourne Heights Apartments in Louisville

LOUISVILLE, KY. — NorthMarq has provided a $10.8 million HUD-insured loan for the refinancing of Hurstbourne Heights Apartments, an 84-unit multifamily property located at 7603 Downs Farm Place in Louisville. The transaction was structured with a fully-amortizing 35-year term. Randall Waddell of NorthMarq originated the non-recourse, fixed-rate loan on behalf of the undisclosed borrower.Hurstbourne Heights is located in the Highview area of Jefferson County, and situated close to GE’s …

Marcus & Millichap Arranges $5.6M Sale of Four-Property Dollar General Portfolio in Kentucky

PAINTSVILLE, DANVILLE, EASTERN AND GIRDLER, KY. — Marcus & Millichap has arranged the $5.6 million sale of a four-property Dollar General portfolio in Kentucky totaling 36,400 square feet. Darpan Patel, Dan Yozwiak and Matthew Johnson of Marcus & Millichap represented the seller, James Myers of Kentucky Lodging and Development, and secured the buyer, Harrimack Holdings Acquisitions LLC, in the transaction. Colby Haugness of Marcus & Millichap assisted in closing the …

NAI Isaac Brokers Sale of 16,300 SF Retail Center in Lexington, Kentucky

LEXINGTON, KY. — NAI Isaac has brokered the sale of a 16,300-square-foot retail center located at 268-278 Southland Drive in Lexington. An unnamed, locally based investor purchased the property for an undisclosed price. The buyer retained NAI Isaac as property manager.The center spans two buildings and is occupied by Planned Parenthood, Gold & Diamond Apparel, GDA Jewelers, Lexington Healing Arts Academy, Associates in Rehab and Providence Community Church.Jamie Adams and J. L. …

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