Industrial Q Kentucky

KTR Capital purchases big industrial facility in Kentucky

An affiliate with KTR Capital Partners recently closed on the acquisition of 300 Omicron Court in Shepherdsville, Ken.

An affiliate with KTR Capital Partners recently closed on the acquisition of 300 Omicron Court in Shepherdsville, Ken.

The 662,000-square-foot cross-dock facility stands on about 53 acres within the Cedar Grove Business Park. A submarket of Louisville, this area is located near Interstate-65, downtown Louisville and the Louisville International Airport.

The facility features 36-foot clear ceiling height, 75 loading docks and more than 13,000 square feet of office space. The building is 100-percent leased to two tenants.

Ryan Stoller, vice president of investments at KTR, said that Louisville remains a strong market: "Louisville weathered the recent downturn well, and has emerged as a hub of ecommerce fulfillment due to its low cost of real estate and the operational advantages tied to the presence of UPS Worldport. This acquisition brings our total presence in the market to more than 1 million square feet."