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JLL Arranges $50M Sale of Bullitt II Logistics Center in Shepherdsville, Kentucky

Abby Cox — Mon, 02 Feb 2026 15:10:55 +0000

SHEPHERDSVILLE, KY. — JLL Capital Markets has arranged the $50 million sale of Bullitt II Logistics Center, a 437,000-square-foot industrial warehouse and distribution facility located at 251 Buffalo Run Road in Shepherdsville, a southern suburb of Louisville in Bullitt County. Ross Bratcher, Sean Devaney, Dennis Mitchell, Kurt Sarbaugh, Powell Spears and Matt Hartlage of JLL represented the seller, Atlanta-based Core5 Industrial Partners, in the transaction. Chicago-based LaSalle Investment Management was the buyer. Situated roughly 12 miles from the UPS Worldport, Bullitt II Logistics Center is fully leased to a subsidiary of Dorman Products, an American supplier and manufacturer of aftermarket automotive replacement parts. The cross-dock facility was delivered in 2022 and features 36-foot clear heights, fully circulating truck courts with up to 185-foot depths, 50 dock doors, 63 designated trailer parking spaces and more than 14,000 square feet of office space.

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JLL Arranges $55.8M Sale of Industrial Portfolio in Louisville

Abby Cox — Fri, 30 Jan 2026 15:53:09 +0000

LOUISVILLE, KY. — JLL Capital Markets has arranged the $55.8 million sale of a two-building, 390,000-square-foot industrial portfolio situated within the Blankenbaker Station Business Park in eastern Louisville. Ed Halaburt, Ross Bratcher, John Huguenard, Sean Devaney, Kurt Sarbaugh and Will McCormack of JLL represented the sellers, Washington Capital Management and Roebling Development, in the transaction. EQT Real Estate was the buyer. The first building serves as Packsize International’s Innovation Center, which spans 240,000 square feet and features specialized manufacturing capabilities, including two production lines supported by 3.3-ton cranes and office space. The second building, which totals 150,000 square feet, houses a same-day delivery facility for Packsize — one of roughly 50 locations across North America. The facility features full air conditioning, seven box-in-box coolers to support grocery operations and robotics systems for automated sortation and fulfillment processes. Both buildings have 32-foot clear heights, fully circulating truck courts, ample trailer parking and rear-loading configurations.

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Brennan Acquires 56,000 SF Industrial Facility in Hebron, Kentucky in Sale-Leaseback Deal

John Nelson — Wed, 28 Jan 2026 15:52:11 +0000

HEBRON, KY. — Brennan Investment Group has acquired a 56,000-square-foot industrial facility located at 1010 Petersburg Road in Hebron, about two miles south of Cincinnati/Northern Kentucky International Airport. The facility is situated on more than five acres within Airpark International Corridor, a master-planned industrial park. The Chicago-based investment firm purchased the facility in a sale-leaseback deal with the tenant, a rubber and plastics manufacturer that has occupied the facility for more than 10 years. The sales price and lease terms were not disclosed.

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SRS Negotiates Sale-Leaseback of Newly Redeveloped Retail Property in Louisville Leased to Taco Bell

Abby Cox — Mon, 26 Jan 2026 13:00:00 +0000

LOUISVILLE, KY. — SRS Real Estate Partners has negotiated the sale-leaseback of a newly redeveloped, single-tenant retail property located at 3459 Taylor Blvd. in Louisville, less than a mile from the famous Churchill Downs horse racetrack. Taco Bell occupies the 3,250-square-foot building on a 20-year, triple-net lease. Sarah Shanks and Morgan Zant of SRS Real Estate Partners represented the seller, Southpaw, a Connecticut-based Taco Bell franchisee that redeveloped a vacant quick-service restaurant building that was on the site. The buyer was a California-based private investor. The sales price was not disclosed.

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Walker & Dunlop Arranges $96.7M Refinancing for Three Multifamily Communities in Louisville

Abby Cox — Fri, 23 Jan 2026 14:39:05 +0000

LOUISVILLE, KY. — Walker & Dunlop has arranged a $96.7 million loan for the recapitalization of three newly constructed multifamily communities totaling 640 units in Louisville. The multifamily portfolio includes Belmond Flats (240 units), Cedar Creek Flats (168 units) and Glengrove Apartments (232 units). Jonathan Zilber, Joel Chetner and Josh Geller of Walker & Dunlop secured three floating-rate, interest-only loans through an institutional lender on behalf of the borrower, Highgates Group. Proceeds will be used to repay existing debt, fund closing costs and return capital to investors.

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Olympus Ventures Acquires 1.5 MSF Industrial Portfolio in Shepherdsville, Kentucky

John Nelson — Thu, 08 Jan 2026 15:28:45 +0000

SHEPHERDSVILLE, KY. — Olympus Ventures has acquired a two-property industrial portfolio in Shepherdsville spanning nearly 1.5 million square feet. John Huguenard, Sean Devaney and Will McCormack of JLL represented the seller, EQT Exeter, in the transaction. The sales price was not disclosed. Situated adjacent to an I-65 interchange about 16 miles south of Louisville Muhammad Ali International Airport, the portfolio comprises Derby Logistics Building 1 (524,604 square feet) and Derby Logistics Building 2 (974,049 square feet). Both buildings were delivered in 2022 on a speculative basis.

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Cushman & Wakefield | Commercial Kentucky Arranges Sale of 289,937 SF Shopping Center in Louisville

John Nelson — Mon, 05 Jan 2026 14:43:08 +0000

LOUISVILLE, KY. — Cushman & Wakefield | Commercial Kentucky has arranged the sale of Indian Trail Square, a 289,937-square-foot shopping center located at 5733 Preston Highway in Louisville. The property’s tenant roster includes Save A Lot, Dollar Tree, Ollie’s Bargain Outlet and Citi Trends. Lexington, Ky.-based BC Wood Properties sold the 30-acre property to an undisclosed buyer. The sales price was also not disclosed. Craig Collins and Austin English of Cushman & Wakefield | Commercial Kentucky, along with Evan Halkias, Hank Davis and David Matheis of Cushman & Wakefield, represented the seller in the transaction.

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Highline, GCP Acquire 936,000 SF Industrial Facility in Metro Louisville Leased to Amazon

John Nelson — Tue, 23 Dec 2025 15:40:55 +0000

SHEPHERDSVILLE, KY. — A joint venture between Highline Real Estate Partners and Growth Capital Partners (GCP) has purchased a 936,000-square-foot industrial facility located at 100 W. Thomas P. Echols Lane in Shepherdsville, a southern suburb of Louisville. Built in 2009 near an I-65 interchange, the 51.5-acre property has been fully leased to Amazon since 2013. George Fallon of CBRE represented the undisclosed seller in the transaction. The sales price was also not disclosed.

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CBRE Arranges Sale of 3 MSF Industrial Portfolio Across Eight States for ACRE

Abby Cox — Fri, 05 Dec 2025 12:41:00 +0000

NEW YORK CITY — CBRE has arranged the sale of a 20-property last-mile distribution and light-manufacturing industrial portfolio across eight states. New York City-based Ares Commercial Real Estate Corp. (NYSE: ACRE) acquired the portfolio, which spans more than 3 million square feet. Brian Fiumara led CBRE’s National Partners team in marketing the portfolio and representing the undisclosed seller in the transaction. The CBRE team also procured the buyer. The properties include: The industrial portfolio consists of well-maintained industrial buildings ranging in size from 16,000 to 500,000 square feet, while average occupancy across the properties currently sits at 95 percent. “The acquisition by Ares allows the company to expand its existing portfolio with a critical mass of light industrial and well-located last-mile assets in major population centers with access to key distribution infrastructure,” says Fiumara. ACRE is a real estate investment trust (REIT) managed by Ares Commercial Real Estate Management LLC, a subsidiary of Ares Management Corp., which manages approximately $596 billion of assets. ACRE’s stock price closed on Thursday, Dec. 4 at $5.15 per share, down from $6.98 a year ago, a nearly 26 percent decline. — Abby Cox

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Brennan Investment Underway on 100,800 SF Build-to-Suit Industrial Facility in Hopkinsville, Kentucky

Abby Cox — Fri, 14 Nov 2025 15:05:01 +0000

HOPKINSVILLE, KY. — Brennan Investment Group is underway on the development of a 100,800-square-foot build-to-suit industrial facility in Hopkinsville. Upon completion, the facility will act as a food processing plant for Kitchen Food Co., an Australian-based company that manufactures and distributes ready-to-go products like sandwiches, wraps and meals. Byline Bank provided an undisclosed amount of construction financing for the project. Brennan, Kitchen Food Co. and federal/private student loan servicer Nelnet Inc. formed a partnership to own the facility, as well as provide equity for the project. Food Plant Engineering is leading construction for the project. The facility is expected to be fully operational in 2026.

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Quick-Service Restaurants Are Powering the Rise of the 15-Minute City

John Nelson — Tue, 11 Nov 2025 12:38:18 +0000

By Casey Smallwood of SRS Real Estate Partners The quick-service restaurant (QSR) industry is reshaping retail real estate by capitalizing on the “15-minute city” trend — a movement where people can access essentials within a short walk, bike ride or delivery window from home. This shift, fueled by evolving consumer behavior, urban densification and the rise of digital ordering, is pushing QSRs to prioritize hyper-local presence over traditional highway or regional ‘hubs. The result is a transformation in both real estate development and the metrics that define success in the foodservice sector. Embedding into daily life Hyper-localization is about placing restaurants within the flow of everyday life — close to where people live, work and socialize. Rather than clustering around big-box retail or commuter corridors, many brands now target neighborhood locations near apartment clusters, schools and small mixed-use developments. 7 Brew Coffee, a drive-thru-only brand, exemplifies this model. Its small footprint and fast service make it ideal for small lots and secondary intersection spots once overlooked by national tenants. These locations are now thriving due to residential growth and proximity to commuter paths. With minimal barriers to entry and an emphasis on quick-service, 7 Brew is establishing a strong local…

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MDH Partners Acquires 1.5 MSF Industrial Portfolio in Southeast, Midwest for $165M

John Nelson — Wed, 05 Nov 2025 15:41:12 +0000

ATLANTA — Atlanta-based MDH Partners has purchased a six-property, 1.5 million-square-foot industrial portfolio in the Southeast and Midwest for $165 million. John Huguenard and Trent Agnew of JLL represented the seller, LBA Logistics, in the transaction. The portfolio has an average vintage of 2017, an average clear height of 33 feet and 6.9 years of weighted average lease term remaining, with each property fully leased to a single tenant. The assets include a 69,679-square-foot property in Miami leased to Compass Group USA; a 552,700-square-foot property in Jacksonville leased to Margo Garden Products; a 246,920-square-foot property in Atlanta leased to SupplyOne; a 235,013-square-foot facility in Louisville leased to ICS AmerisourceBergen; a 68,388-square-foot property in Cincinnati leased to GE Aerospace; and a 302,880-square-foot facility in Columbus leased to Hims.

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Fairstead Acquires Majority Stake in 503-Unit Affordable Housing Community in Louisville

John Nelson — Thu, 30 Oct 2025 14:37:20 +0000

LOUISVILLE, KY. — New York City-based affordable housing developer and operator Fairstead has acquired a general partner interest in City View Park, an affordable housing community in Louisville. Via the partnership, Fairstead will assume the role of owner and property manager. The community includes 72 one-bedroom, 221 two-bedroom, 179 three-bedroom and 31 four-bedroom residences. Of the 503 total units, 468 are supported by Section 8 contracts, and all homes are governed by Low-Income Housing Tax Credit (LIHTC) affordability restrictions, reserved for residents earning no more than 60 percent of the area median income (AMI). City View Park was built in the early 1970s and renovated in 2021. Fairstead owns approximately 26,000 apartments across 28 states.

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Louisville’s Office Evolution Includes New Deals, Conversions

John Nelson — Mon, 20 Oct 2025 11:24:00 +0000

Louisville is a city full of history, charm and grit. We’re the birthplace of Muhammad Ali, home to the Kentucky Derby and the heart of America’s bourbon culture. As our city has grown, so have its business opportunities. Louisville’s geographic location, its logistics network and its diversified economy have attracted significant investment from global businesses to set down roots in recent years. In 2023, Louisville was named as a top 5 U.S. metro for economic development by Site Selection magazine with over $1 billion in capital investment and 2,300 new jobs that year alone. Louisville’s overall commercial real estate market has grown along with the population, but the office market has had a softer rebound following the pandemic than other markets nationally. Office overview In second-quarter 2025, Louisville had over 235,000 square feet of positive office leasing activity that was negated by over 256,000 square feet of negative net absorption, primarily due to large move-outs from office users in the city’s suburban submarkets. Leasing activity in Louisville’s Central Business District (CBD) has rebounded. In the second quarter, the submarket saw over 6,100 square feet of net positive absorption from Class A leasing activity, including the Jefferson County Sheriff’s Office lease…

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Louisville’s Industrial Market: Steady, Sturdy and Poised for Growth

John Nelson — Mon, 13 Oct 2025 11:20:00 +0000

Louisville’s industrial market stands out as a steady force, resisting the fluctuations often seen in surrounding Midwest cities such as Cincinnati, Columbus and St. Louis. Midyear figures show Louisville’s year-over-year rent growth exceeding the national percentage and its vacancy rate 340 basis points below the national rate, both signs of a healthy market. Additionally, Louisville’s recognition in national trade publications and recent announcements of General Electric/Haier and Ford’s electric vehicle (EV) investment at its Louisville Assembly Plant suggests positive future job growth. A sturdy foundation Louisville’s centralized location has helped secure its place as a major logistical powerhouse and develop relationships with major industrial business players such as UPS, Ford and General Electric. UPS announced its first expansion into Louisville in 1981 and has continued to grow its operations since, including the recently opened $100 million automated medical labs shipping facility. Ford also continues to invest in Louisville, recently leasing a 567,433-square-foot facility in Southern Indiana and a 426,300-square-foot facility in Louisville’s Bullitt County submarket just south of Louisville Muhammad Ali International Airport. Additionally, General Electric/Haier will move washer/dryer manufacturing processes to Louisville, creating 800 new jobs and confirming Haier’s Louisville manufacturing operations as its global hub. A resilient market…

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Grocery Anchors Continue to Fuel Louisville’s Retail Market

John Nelson — Mon, 06 Oct 2025 11:13:00 +0000

Louisville’s retail market continues to show strength in 2025, with grocery anchors driving much of the momentum. Despite national headwinds such as moderating rent growth and elevated construction costs, the metro has proven resilient, posting a vacancy rate of just 3.5 percent, outperforming the national benchmark of 4.8 percent, according to CoStar Group. Asking rents averaged $17.42 per square foot, reflecting steady demand across the region. At the center of this activity are grocers like Kroger, Publix and BJ’s Wholesale Club, each reshaping Louisville’s retail landscape in unique ways. Kroger is deepening its footprint with multiple new stores, including a 123,000-square-foot location under construction on Beulah Church Road that is scheduled to open in 2026. Publix, one of the most closely watched entrants to the Kentucky market, has expanded aggressively after opening its first store, securing 60,000 square feet at Blankenbaker Plaza and 56,000 square feet at Prospect Point. BJ’s Wholesale Club has adopted a redevelopment approach, razing the former Sears building at Jefferson Mall to deliver a 104,000-square-foot store that opened earlier this year. Collectively, these projects underscore the draw of essential, needs-based retail while fueling complementary leasing activity in their surrounding trade areas. Concepts gaining ground That momentum…

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LTC Properties Completes $40M Acquisition of Two Seniors Housing Communities in Kentucky

John Nelson — Tue, 30 Sep 2025 14:09:48 +0000

WESTLAKE VILLAGE, CALIF. — LTC Properties has completed the acquisition of two seniors housing communities located in Kentucky. An undisclosed seller sold the properties for $40 million. Opened in 2023, the properties together total 158 units and feature assisted living and memory care residences. Charter Senior Living manages the communities, the locations of which were not disclosed. California-based LTC plans to execute an additional $195 million in seniors housing operating portfolio acquisitions by mid-October and an additional $90 million by the end of the year.

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Berkeley Capital Advisors Negotiates $39M Sale of Westport Village Shopping Center in Louisville

John Nelson — Wed, 10 Sep 2025 14:28:44 +0000

LOUISVILLE, KY. — Berkeley Capital Advisors has negotiated the sale of Westport Village, a 170,249-square-foot shopping center located at 1315 Herr Lane in Louisville. An affiliate of Richmond-based Hackney Real Estate Partners purchased the center from an affiliate of Savannah, Ga.-based Wicker Park Capital Management LLC for $39 million. David Webb, Alex Quarier and Alex McDonald of Berkeley Capital Advisors represented the seller in the transaction. Situated on 13.4 acres roughly 10 miles west of downtown, Westport Village houses 45 tenants, including Apricot Lane Boutique, Bend and Zen Hot Yoga, BoomBozz Pizza & Watch Party, Deka Lash, F45, North Lime Coffee & Donuts, Q’doba Mexican Grill, Steak & Bourbon, StretchLab, The Comfy Cow, The Wedding Studio, Westport Whiskey & Wine and Wild Eggs, among others.

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Marcus & Millichap Brokers $3.6M Sale of Two-Property Retail Portfolio in Bowling Green, Kentucky

John Nelson — Wed, 10 Sep 2025 14:20:41 +0000

BOWLING GREEN, KY. — Marcus & Millichap has brokered the $3.6 million sale of a two-property Dollar General portfolio in Bowling Green. Each retail property occupies 10,640 square feet on a 15-year corporate guaranteed lease with Dollar General Corp. Don McMinn and Andrew Koriwchak of Marcus & Millichap represented the seller, a Kentucky-based developer, in the transaction. The buyer was not disclosed. Grant Fitzgerald was Marcus & Millichap’s broker of record in Kentucky.

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DMK Development Group Sells Four Seniors Housing Properties in Kentucky for $65.3M

John Nelson — Fri, 05 Sep 2025 14:55:45 +0000

LOUISVILLE AND LEXINGTON, KY. — DMK Development Group has sold four senior living properties in Kentucky for a total $65.3 million. American Healthcare REIT was the buyer. Located in the Louisville and Lexington metros, the portfolio totals 316 units, with assisted living and memory care residences. Each of the properties was opened between 2020 and 2022. Trilogy Health Services managed the properties through lease-up and stabilization.

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