Legacy Investing acquires 380,000sf industrial facility for $30m

Legacy Investing has acquired 172 Trade St., a 380,000-square-foot industrial facility in Lexington, Ky., for $30.65 million.

JLL worked on behalf of the seller, Sealy & Co.

172 Trade St. has been fully leased to an ecommerce giant since 2004. The location serves as an essential part of the company’s wider fulfillment network, being responsible for handling customer returns and supporting operations in various areas such as merchandising, make-on-demand and general fulfillment.

Over the years, the tenant has invested significantly in the facility, making various upgrades including upgraded lighting to T-5, 100 percent warehouse A/C HVAC upgrades, investments in material handling equipment, and renovations to the office space and bathrooms.

Situated in the Lexington market, the property benefits from access to a large pool of skilled labor and a central location close to major metropolitan areas across the United States. Moreover, 172 Trade St. falls