By Jennifer John with CoStar AI
Originally published on CoStar.com
Joint Venture Adds 936,000-Square-Foot Industrial Property to Portfolio
Highline Real Estate Partners and Growth Capital Partners acquired a 936,000-square-foot industrial facility in Shepherdsville, Kentucky, from Link Logistics Real Estate for $72.65 million.
The Class A distribution facility at 100 W. Thomas P. Echols Lane sits on 51.5 acres and has been fully leased to Amazon since 2013. Built in 2008, the property features 32-foot clear heights, 86 dock doors, four drive-in doors and full-site circulation.
“This acquisition is a strong addition to Highline’s growing presence in the Louisville market,” said Highline’s VP of Investments, Jake Wilk. “This follows our investment last year in River Ridge and reinforces our conviction in the region’s long-term growth, strong labor pool and strategic logistics advantages.”
The property is strategically positioned less than one mile from the I-65 interchange and approximately 15 miles from Louisville International Airport and the UPS Worldport global air hub. The purchase expands the joint venture’s industrial portfolio, which now totals 3.6 million square feet.
Link Logistics Real Estate, a division of Blackstone, previously acquired the property as part of a larger portfolio transaction in October 2021.
For the Record
George Fallon, vice president of CBRE, represented the seller, Link Logistics Real Estate.
