GBT Leases Up 500K of Retail

LOUISVILLE—Evidence of a continuing economic recovery keeps mounting in the world of retail. GBT Realty Corp., for example, a national real estate development company based in Brentwood, TN, has just brought two of its newest regional shopping centers to more than 90% leased, even though construction is still underway. Jefferson Commons and Middletown Commons have a combined 500,000-square-feet and only 23,500-square-feet of retail space remains, company officials say. The first tenants will open for business in November.

“With exceptional visibility from and accessibility to major transportation routes, both Jefferson Commons and Middletown Commons are ideally situated to be a part of Louisville’s retail boom,” says George Tomlin, president and chief executive officer of GBT Realty. “The Louisville area has evolved into an attractive place for retail development as evidenced by our combined investment of over $100 million for these two regional centers, plus an additional $20 million in nearby Elizabethtown.”