Robert Walker, SIOR, CCIM and Jake Mills, SIOR, CCIM brokered the deal for the piece of land that holds the industrial development now called South Louisville 65 Logistics Center.
The Challenge
Johnson Development Associates, Inc. came into the Louisville market looking for a large plot of land for the development of two industrial buildings with the intent to lease the buildings. This property is located 10 miles from the UPS Worldport and Louisville International Airport. It was one of the last undeveloped, large sites remaining near these locations.
The Solution
The land development, now called South Louisville 65 Logistics Center, began as a three-parcel assemblage. The sellers were all great to work with, but a transaction of this size always presents challenges. Keeping all parties abreast of details in a deal this large can be challenge in itself.
Results Achieved
The brokerage team who sold the site was engaged by the new buyer to market the property for lease. Within three months of completion the building was 100% leased by to a single tenant for seven years.