Wednesday, June 17, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Kentucky

AcquisitionsCompany NewsKentuckyRestaurantRetailSoutheastTop Stories

Yum Brands Agrees to Sell Pizza Hut in Two Separate Transactions Totaling $2.7B

by John Nelson

LOUISVILLE, KY. — Yum! Brands Inc. (NYSE: YUM), the Louisville-based operator of the Pizza Hut, Taco Bell and KFC franchises, has entered into an agreement to sell the Pizza Hut chain across two separate transactions with a combined value of $2.7 billion. LongRange Capital, a private equity firm based in Stamford, Conn., has agreed to purchase Pizza Hut outside of mainland China for approximately $1.5 billion. The company is financing its acquisition using funds from UBS Investment Bank. Yum China Holdings Inc. (NYSE: YUMC), which is based in Shanghai and was spun off from Yum! Brands in 2016, is acquiring the Pizza Hut holdings in mainland China for approximately $1.2 billion. Yum China says it is financing its acquisition using a combination of cash and debt financing. Yum! Brands announced in November that it began exploring strategic options for the Pizza Hut vertical. Founded in 1958, Pizza Hut is considered the second-largest pizza brand in the world with more than 15,500 restaurants in 108 countries globally and approximately $10 billion in annual system-wide sales, according to LongRange Capital. “Under LongRange and Yum China, Pizza Hut will be well-positioned for future growth with ownership that brings deep expertise in the restaurant …

Continue Reading
FacebookTwitterLinkedinEmail
Clark-Beverage-Aerial-1
DevelopmentIndustrialKentuckySoutheast

Clark Beverage Group to Invest $129M for Corporate Headquarters, Distribution Facility in Bowling Green, Kentucky  

by Abby Cox

BOWLING GREEN, KY. — The Clark Beverage Group and Clark Distributing Co., both subsidiaries of C.C. Clark Inc.) are partnering with HDA for the design and construction of their new $129 million headquarters and distribution facility in Bowling Green. Scheduled to break ground this summer, the project will span 362,675 square feet and will feature a 46,600-square-foot, two-story corporate office; a 298,500-square-foot warehouse; 17,000-square-foot fleet maintenance facility; and a 575-square-foot security check-in building. The campus will also be able to accommodate an additional 135,000 square feet for future expansion, as well as 34-foot clear heights, 36 docks, automated systems and dedicated mezzanine spaces for additional storage. A separate, remote building will provide onsite servicing, maintenance and washing for delivery vehicles, complemented by an onsite fueling station. Completion of the project is anticipated for fall 2027. C.C. Clark was established in 1903 and today bottles and distributes beverages from brands including Coca-Cola, Barefoot Wine, Fairlife, Dunkin’, Vitamin Water, Hi-C, Terrapin Beer Co., High Noon, Minute Maid, Monster Energy, Powerade, Yuengling and Sam Adams.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsKentuckyRetailSoutheast

Cove Capital Investments Acquires 72,013 SF Shopping Center in Western Kentucky

by John Nelson

PRINCETON, KY. — Capital Cove Investments has acquired a 72,013-square-foot, grocery-anchored shopping center located at 55 U.S. Highway 62 in Princeton, a city in Western Kentucky’s Caldwell County. Anchored by Kroger subsidiary Ruler Foods, the center was fully leased at the time of sale to national credit tenants including Marshall’s and Tractor Supply Co. Capital Cove Investments acquired the center via a Delaware Statutory Trust. The seller and sales price were not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
IndustrialKentuckyLoansSoutheast

JLL Income Property Trust Receives $49M Loan for UPS-Occupied Distribution Facility Near Louisville

by Abby Cox

SHEPHERDSVILLE, KY. — JLL Income Property Trust has received a $49 million mortgage loan for Louisville Logistics Center, a 1 million-square-foot distribution facility located in Shepherdsville, a southern suburb of Louisville. The facility was fully leased at the time of financing to UPS Supply Chain Solutions. The loan features a five-year term with a 5.28 percent interest rate. The lender was not disclosed. JLL Income Property Trust acquired Louisville Logistics Center in 2023. The property features 40-foot clear heights and 110 dock-high doors.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsKentuckyRetailSoutheast

Newmark Brokers Sale of 332,309 SF Shopping Center in Newport, Kentucky

by John Nelson

NEWPORT, KY. — Newmark has brokered the sale of Newport Pavilion, a 332,309-square-foot shopping center in Newport, a Kentucky city situated across the Ohio River from downtown Cincinnati. Newport Pavilion is co-anchored by Kroger and Target and was fully leased at the time of sale to tenants including Dick’s Sporting Goods, T.J. Maxx, Michael’s, Ulta Beauty, Chipotle Mexican Grill and PetSmart. The property sits on 55 acres and benefits from a long-term PILOT agreement through 2037. Conor Lalor, Kyle Minter, Keely Polczynski, James Sharp V and Brian Schneiderman of Newmark represented the seller, The Ranier Cos., in the transaction. The buyer and sales price were not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsKentuckySoutheastStudent Housing

TSB Realty Arranges Sale of 398-Bed Student Housing Community Near University of Kentucky

by John Nelson

LEXINGTON, KY. — TSB Realty has arranged the sale of Campus Court, a 398-bed student housing property located near the University of Kentucky campus in Lexington. Coastal Ridge Real Estate purchased the community from an undisclosed seller. Terms of the transaction were not released. Originally constructed in 1988, Campus Court was updated in 2008 and offers 238 units in a mix of one-, two- and three-bedroom configurations. Amenities include a resort-style pool, fitness center, basketball court, dog park, tanning beds, private study rooms, a barbecue and picnic area and a TV lounge and game room. The community was 99 percent leased at the time of sale.

Continue Reading
FacebookTwitterLinkedinEmail
WKU
DevelopmentKentuckySoutheastStudent Housing

Western Kentucky University Board Approves Gilbane’s $350M Student Campus Housing Development Plan

by Abby Cox

BOWLING GREEN, KY. — The Western Kentucky University (WKU) Board of Regents has approved the “Elevate WKU” development plan with Gilbane Development Co., a global real estate development firm, to launch the first phase of a multi-year student housing initiative on the WKU campus in Bowling Green. The Kentucky Capital Projects and Bond Oversight Committee also approved the partnership this week. The $350 million initiative is the largest residential investment in WKU’s history, according to Gilbane. Phase I of the development will replace Hugh Poland and Douglas Keen Halls with a new roughly 1,000-bed residential complex featuring suite-style options, community kitchens, collaborative lounges, expanded community spaces, tech-enabled learning environments and enhanced safety and accessibility features. The facility is expected to open in fall 2028. Gilbane is developing the Elevate WKU master plan in a public-private partnership with the university under a 50-year ground lease model. Under the structure, WKU will enter into a ground lease with the Collegiate Housing Foundation (CHF) — a national 501(c)(3) organization — which will serve as owner and borrower. Gilbane and WKU have selected Inwood Management to oversee the day-to-day operations and physical maintenance of the Elevate WKU portfolio alongside the university’s Residence Life team. Future phases will address renovations of existing …

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentKentuckySoutheastStudent Housing

Subtext, Clarion to Break Ground on 784-Bed Student Housing Development Near University of Kentucky

by John Nelson

LEXINGTON, KY. — Subtext is set to break ground on VERVE Lexington, a 784-bed student housing development located at 185 E. Maxwell St. near the University of Kentucky campus in Lexington. The community is being developed in partnership with Clarion Partners in a qualified opportunity zone and is scheduled for completion in summer 2028. VERVE Lexington will span 460,136 square feet and offer 275 units in one-, two-, three- and four-bedroom configurations. Shared amenities are set to include a ground floor coffee shop, dedicated study spaces, fitness and wellness spaces and a second-floor terrace with a pool and clubroom. The development team included Southern Building Group, KTGY, EA Partners and Pacific Life Insurance Co. 

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialKentuckySoutheast

Phoenix Investors Acquires 334,772 SF Industrial Facility in West Paducah, Kentucky

by Abby Cox

PADUCAH, KY. — An affiliate of Phoenix Investors has purchased a 334,772-square-foot industrial facility located at 7845 Carneal Road in West Paducah. The seller and sales price were not disclosed. Originally constructed in 1966, the facility sits on roughly 29 acres and includes 25-foot clear heights, seven dock doors, 13 drive-in doors and expansive yard and parking areas within a fully fenced property. The building can accommodate manufacturing, distribution and bulk logistics users and offers flexible warehouse space. The industrial facility is also located near the “Triple Rail” site, which is an 800-acre industrial park that features direct access to three major rail lines including Paducah & Louisville Railway (P&L), Canadian National (CN) and BNSF Railway. In addition to rail connectivity, West Paducah sits at the confluence of the Ohio, Tennessee, Cumberland, and Mississippi rivers, making it a major inland shipping gateway. Phoenix Investors plans to further modernize and reposition the property for modern industrial users with upgrades like LED lighting, new exterior paint, parking lot improvements, dock upgrades and white-boxing portions of the building, as well as additional site enhancements designed to improve operational efficiency.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsKentuckySoutheastStudent Housing

Vesper Acquires 385-Bed Student Housing Community Near University of Louisville

by John Nelson

LOUISVILLE, KY. — Vesper Holdings has acquired Yugo Louisville Nine, a 385-bed student housing community located near the University of Louisville campus. The property — now dubbed ‘The Nine’ — was developed in 2016 and offers units in two-, three, four- and five-bedroom configurations with bed-to-bath parity. Shared amenities at the six-story community include a 24-hour fitness center, study center, yoga and spin room, coffee bar, game room, resort-style pool, sun deck, fire pit, dog park and group study lounges. CBRE represented the undisclosed seller in the transaction. The sales price was also not disclosed. Aaron Moll of Berkadia arranged an undisclosed amount of acquisition financing on behalf of Vesper.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts