LOUISVILLE—Industrial developers may be breaking ground on a large number of speculative projects, but they are also finding tenants. After preleasing 74% of the first phase of a 1.2 million square foot, two-building project at Air Commerce Business Park in Louisville to Hillsdale Furniture, Molto Properties and Verus Partners have just decided to accelerate plans and break ground on the second phase.
Phase II will consist of a 645,840 square foot cross-dock industrial facility featuring 36' clear height, trailer parking and ample car parking.
"Our expansion into the Louisville market has allowed us to capitalize on the excellent conditions for the development of quality spec industrial product that is in high demand," says Todd Naccarato, founder and senior principal of Oakbrook Terrace, IL-based Molto.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
