Colliers recently facilitated the sale of Gray Industrial Center Building 2, a newly constructed 302,400-square-foot industrial facility in Shelbyville, Kentucky. Located just 30 miles from Louisville, the property is fully leased to global logistics provider Kuehne+Nagel, marking a significant investment in the region’s growing industrial infrastructure and supply chain capabilities.
Key takeaways
- Facility size: 302,400 square feet.
- Tenant: Fully leased to Kuehne+Nagel.
- Location: 530 Logistics Drive, Shelbyville, KY.
- Buyer: ElmTree Funds.
Strategic location and logistics
The Gray Industrial Center Building 2 is situated on a 32.19-acre site, strategically positioned just one mile from Interstate 64. This prime location offers excellent connectivity to the greater Louisville region, which serves as a critical hub for national logistics. The facility’s proximity to the Louisville International Airport and the UPS Worldport ensures that occupiers can maintain efficient distribution networks across the country.
Investment and market demand
The transaction was structured as a forward-funded acquisition, which closed immediately upon the completion of the facility. This deal underscores the robust appetite for modern, build-to-suit industrial assets among institutional investors. The combination of long-term tenancy and strong fundamentals in the I-64 corridor makes such properties highly desirable in the current economic climate. As industrial demand continues to rise, Shelbyville remains a focal point for capital investment in Kentucky.