JLL Income Property Trust, an institutionally managed daily NAV REIT with around $7 billion in portfolio assets, has acquired a 1 million-square-foot, newly constructed, class A industrial property strategically located in the top-tier industrial submarket of South Louisville, Ky. The purchase price was $82 million.
The Louisville Logistics Center is a state-of-the-art, cross-dock distribution center, featuring 40-foot clear heights. The property was constructed in 2022 and is leased to a nationally recognized, global transportation and logistics company through 2032. JLL Income Property Trust said the tenant has invested significant capital into equipment and technology specifically customized for their operations in the property.
“Louisville’s central geographic location, irreplaceable transportation infrastructure and strong interstate highway access make it a desirable and strategic location for both regional and national logistics,” said Allan Swaringen, pre