Hines has acquired 900 Patrol Road, a 100 percent-leased ecommerce fulfillment center just north of downtown Louisville, Ky. A centrally located logistics hub, Louisville is home to UPS Worldport, three interstate highways and two class-one railroads.
“This facility benefits from enviable access to large U.S. population centers and the relative scarcity of developable land across the Louisville MSA,” said Will Renner, managing director at Hines. “We see Louisville as a key market for our continued industrial activity across the Midwest, with roughly 100 million people reachable within a nine-hour drive.”
Omar Thowfeek, Hines Global’s managing director of investments, added, “Hines Global continues to be bullish on the industrial sector and welcomes the addition of 900 Patrol Road to our portfolio. This mission-critical ecommerce facility provides us exposure to a large majority of the Midwest, supported by access to major highway arterials and a deep labor
