REBusinessOnline

MDH Partners Sells 58-Property Sunbelt Logistics Portfolio Located Across 10 States for $1.3B

ATLANTA — MDH Partners has sold its 58-property Sunbelt Logistics Portfolio to an undisclosed global institutional investor for $1.3 billion. MDH will retain an ownership stake in the portfolio and will continue to operate the properties. The portfolio spans 9.7 million square feet of industrial space across 10 states, including 11 properties in Georgia; 10 properties in Florida; eight properties in Texas; seven properties each in Arizona and Missouri; four properties each in Tennessee …

Skilken Gold Breaks Ground on First Kentucky Publix Grocery Store in Louisville

LOUISVILLE, KY. — Skilken Gold has broken ground on Terra Crossing, a shopping center located on 10 acres at 2500 Terra Crossing Blvd. in Louisville. The grocery anchor, a 55,071-square-foot Publix, represents the first Publix location in Kentucky, the Lakeland, Fla.-based grocer’s eighth state of operation. The adjacent 3,200-square-foot Publix Liquors store at Terra Crossing is also the first location outside the state of Florida. Publix plans to open a second Publix grocery store and …

Rosewood Realty Brokers $75M Sale of Bridle Creek Apartments in Lexington, Kentucky

LEXINGTON, KY. — Rosewood Realty Group has brokered the sale of Bridle Creek, a 384-unit apartment community located at 3800 Nicholasville Road in south Lexington. Missouri-based Maxus Realty Trust sold the property to Boston-based West-Shore Properties for $75 million. Aaron Jungreis and Ben Hammer of Rosewood Realty represented the seller in the transaction, and Jay Weiner, also with Rosewood Realty, represented the buyer. Built in 2002 near Shillito Park and about three miles south of the …

Augusta Distillery Breaks Ground on $23M Bourbon Production Facility in Northeast Kentucky

AUGUSTA, KY. — Augusta Distillery, a bourbon maker founded in 2018, has broken ground on a $23 million distillery in its hometown of Augusta in northeast Kentucky. Situated along the Ohio River in Bracken County, the new 40,000-square-foot facility is an adaptive reuse of a metal stamping facility that was in use from 1883 to 2007. The project will house Augusta Distillery’s first full-scale operation that will produce its signature drink, Buckner’s 13-year single barrel cask strength …

Colliers Mortgage Provides Acquisition Loan for Brookefield Apartments in Elizabethtown, Kentucky

ELIZABETHTOWN, KY. — Colliers Mortgage has provided a Fannie Mae acquisition loan for Brookefield Apartment Homes, a 91-unit, market-rate multifamily community in Elizabethtown. Built in 2020, the property features attached garages, 24-hour emergency maintenance, a clubhouse, pool, fitness center, dog park and a pet wash station. Colliers Mortgage and partner Old Capital Lending provided the undisclosed amount of financing to the borrower, an entity doing business as BFA202 LLC. The 10-year …

Heaven Hill Breaks Ground on $135M Bourbon Distillery in Bardstown, Kentucky

BARDSTOWN, KY. — Heaven Hill, a family-owned spirits company overseeing brands such as Evan Williams and Deep Eddy Vodka, has broken ground on a $135 million distillery in Bardstown, approximately 40 miles south of Louisville.The project, known as Heaven Hill Springs Distillery, is located at 1015 Old Bloomfield Pike, which was the site of the former Old Heaven Hill Springs Distillery. The former distillery opened in 1935, but was destroyed in a fire in 1996 that engulfed the distillery, …

Middleburg Communities Sells 418-Unit Vesta Derby Oaks Apartments in Louisville

LOUISVILLE, KY. — Middleburg Communities, a Vienna, Va.-based real estate investment, development, construction and management firm, has sold Vesta Derby Oaks, a 418-unit apartment community located at 3237 Utah Ave. in Louisville. Craig Collins and Austin English of Cushman & Wakefield | Commercial Kentucky, along with Travis Presnell and Mike Kemether of Cushman & Wakefield’s Multifamily Investment Sales Group, brokered the sale of the property. The buyer and sales price were not …

Marcus & Millichap Arranges $32.5M Sale of Regal Park Apartments in Louisville

LOUISVILLE, KY. — Marcus & Millichap has arranged the $32.5 million sale of Regal Park Apartments, a 228-unit apartment property in Louisville. David Badgett Jr. of Marcus & Millichap represented the seller and buyer, both undisclosed limited liability companies, in the transaction. Colby Haugness, Marcus & Millichap's broker of record in Kentucky, assisted Badgett in the transaction.Regal Park is located at 9400 Hurstbourne Park Blvd. and offers a variety of floor plans: 30 …

Corporex Signs Logistics Firm to Office Lease at Ovation Office Building in Newport, Kentucky

NEWPORT, KY. — Corporex has signed MegaCorp Logistics, a transportation freight and logistics firm based in Wilmington, N.C., to an office lease at Ovation, a 25-acre mixed-use development located at 200 W. Third St. in Newport. Situated near Cincinnati where the Ohio and Licking rivers meet, the new office building will span 100,000 square feet across five floors. MegaCorp will serve as the anchor tenant of the building and occupy two full floors. The firm’s new regional headquarters will …

Vesper Holdings Acquires Student Housing Portfolio for $240M

NEW YORK CITY — New York City-based Vesper Holdings has acquired a four-property, 2,761-bed student housing portfolio for approximately $240 million. The properties are located in Georgia, Virginia, Kentucky and Indiana. Jaclyn Fitts of CBRE negotiated the transaction on behalf of the undisclosed seller.The properties in the portfolio include a 635-bed community located near Indiana University in Bloomington, Ind.; a 699-bed community located near the University of Kentucky in Lexington, …

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Walker & Dunlop

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