Louisville Market Commercial Real Estate News Brief: March 2017

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In the latest edition of our monthly news brief, JLL’s regional team curates the top commercial real estate industry articles impacting the Louisville market to keep you in-the-know.

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Louisville Developments Continue with New Distribution, Warehouse Space

Technology Drive Development submitted a revised plan to construct a 224,000-square-foot warehouse and office facility in Jeffersontown. The property will sit at 2621 Technology Drive on the 16.5-acre plot of land that Technology Drive Development already owns. No tenants for the facility have yet been announced; however, Louisville has recently made headlines throughout the previous year for its strong industrial market.

Hosts Development LLC also proposed an office and distribution warehouse development. Of the 73,940 square feet of space, approximately 55,000 would be warehouse space, 13,270 square feet would be office space and the remaining 5,545 would be a designated mezzanine. The property will sit on 8.2 acres of land at 12400 Schutte Station Place.

More Louisville Headlines:

  • Two new tenants have signed leases at the shopping center located off Hurstbourne Parkway. The tenants include Edge Body Boot Camp and King’s Archery, which will fill about 9,000 and 7,000 square feet of space, respectively.
  • One of Louisville’s newly constructed apartment complexes has started to welcome new tenants and debut its modern units. 9910 Sawyer Apartments, which cost $45 million to construct, will fill approximately 400,000 square feet with 22 apartment buildings.

Photo Credit: Scott Oves