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LOUISVILLE, KY. — GBT Realty Corp. has closed on the purchase of more than 28 acres in Louisville for the $40 million development of Jefferson Commons, a 210,000-square-foot retail center. The property is more than 82 percent preleased a sports retailer anchor, as well as Shoe Carnival, H.H. Gregg, Liquor Barn, Michael’s Arts & Crafts and Men’s Wearhouse. GBT Realty will provide development, leasing, construction management and property management services for Jefferson Commons. The project team also includes architect MJM Architects, project engineer Gresham Smith and Partners and site-work contractor Louisville Paving & Construction.