LOUISVILLE—Molto Properties has just acquired 30.42 acres of land at Air Commerce Business Park in Louisville, and plans to soon break ground on a 677,685 square foot logistics building. The Oakbrook Terrace, IL-based industrial real estate firm has a lot of experience in the region, which in 2016 was the fastest growing market in the Midwest.
“This is the third project we've done in Louisville,” Michael Powers, chief investment officer, tells GlobeSt.com, and user interest has been quite strong. “The other two buildings were leased up during construction.”
Molto will partner with Chicago-based Verus Partners on the new building, which will feature 36' clear heights, trailer parking on both sides and parking for about 350 cars. The site is centrally located with easy access to interstates, 4.5 miles from the UPS Worldport and 7.7 miles from Louisville International Airport.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
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.
