Anyone up for pizza tonight? Deep dish from Chicago? Nah. Thin crust from New York? No thanks. How about something new, something different? How about…
Detroit. Style. Pizza.
Grisanti Group Commercial Real Estate is pleased to announce that Loui Loui’s Authentic Detroit Style Pizza will be moving in to the former Ferd Grisanti Restaurant, located in the heart of Jeffersontown, at 10212 Taylorsville Rd. Broker Paul Grisanti has a unique relationship to the property: A former restaurateur, he owned and managed Ferd Grisanti Restaurant for over 30 years. He and Loui Loui’s founder, Mike Spurlock, are confident that the casual eatery will thrive in Jeffersontown. It is scheduled to open its doors in April 2013.
Spurlock, a graduate of Bellarmine University, has spent a decade studying the craft of pizza-making, and is thrilled to bring a taste of Motor City to the Bluegrass. Loui Loui’s will also offer signature dishes like arancini, antipasto salad, pastas, and Italian-inspired desserts, as well as craft beer, wines, and cocktails. Plus, Spurlock and Grisanti will team up to revive some of Ferd’s favorite menu items.
As always, the Grisanti Group is delighted to play a pivotal role in bringing world-class restaurants to Kentuckiana. We thank Spurlock and the rest of our clients who have chosen to work with us. Here’s to many more years of solidifying Louisville’s growing reputation as a foodie destination.
Grisanti Group Commercial Real Estate was bustling for the second half of 2012, as we facilitated the sale of 3620 Brownsboro Road. Many Louisvillians had known the space as Doll’s Market, which closed its doors in 2011. In its place arrives Sutherlands hardware store, which will revitalize a shopping center near the Crescent Hill neighborhood.
Representing both the seller of the property, Charles F. Bauer Reality Partnership, LLC, and the new owner, Sutherland Lumber-Southwest Inc., Grisanti Group brokers Paul Grisanti and Steve Lennon helped close the $2.54 million sale in late 2012. With the Bauer Reality Partnership originally intending to lease the property, Grisanti and Lennon showed the property to multiple potential users. Ultimately, a sale to Sutherlands worked best for both parties.
Kansas City-based Sutherlands will move into the 23,000 square foot retail facility, bringing a convenient and expansive home-and-hardware mercantile store to a neighborhood where no such large-scale home improvement store yet exists.
The closing of the Doll’s Market/Sutherlands property highlighted a great 2012 for Grisanti Group Commercial Real Estate. We thank all of our clients who chose to work with us. In 2013 we look forward to continuing to provide the best real estate service in Kentucky and southern Indiana.
Grisanti Group Commercial Real Estate is happy to announce the $1.4 million closing sale of the property at 4630 Westport Road. The Holzheimer Family owned this great piece of Louisville real estate at the corner of Westport Rd and Washburn Ave in St. Matthews for over 70 years. As the new Watterson Expressway interchange at Westport Rd transformed this area into a commercially connected corridor, the family sought to transfer the land to a more suitable user.
Park Community Federal Credit Union is the new steward of this parcel of land, and it will construct not only a branch office, but their corporate offices as well. We wish them the best of luck.
We are also excited to see this part of Louisville benefit from the new infrastructure investments made by the Metro Government. As always, Grisanti Group is proud to help facilitate economic growth in Kentucky and Southern Indiana.
Grisanti-Group Commercial Real Estate’s Mike Helline and Paul Grisanti, Kentucky self-storage specialists, recently completed a unique deal in Radcliff, Kentucky. The owner of a self-storage facility near Fort Knox had 100% capacity but due to the facility’s limited size, it was generating minimal profits. With plenty of demand due to the vicinity of the military base, the owner needed an infusion of cash to expand his self-storage business. Helline and Grisanti found an investor who provided the owner with the money he needed to expand the facility from 10,000 square feet to 30,000 square feet. They plan to double the size to 60,000 square feet in the future.
This type of creative business strategy sets Grisanti Group apart in the Louisville Commercial Real Estate market. In this instance we did not facilitate the buying, selling, or leasing a property in the traditional sense, but made a successful transaction take place by finding what our customer needed most. Whatever real estate need you have, Grisanti Group’s brokers are dedicated to satisfying that need and making your business a success.
Eating organic and healthy in Old Louisville just got tastier and easier. Grisanti Group Commercial Real Estate has recently represented another tenant in Cardinal Towne, placing Green Leaf Natural Vegetarian Bistro in this new complex near the University of Louisville.
Green Leaf offers a unique salad bar that allows customers to choose their own types of greens, dressing, and meat-flavored tofu. Tofu lovers will really appreciate the quality of Green Leaf’s, which is imported from carefully selected specialty suppliers in Tokyo, Hong Kong, and Taipei. And for the tofu-phobes out there, we dare you to try it. You will no doubt be pleasantly surprised by this vegetarian eating experience. Green Leaf is brought to you by the same owners of Green Apple Self-Serve Frozen Yogurt in Prospect, KY.
Even in the face of the slow economy, locally-owned restaurants are thriving throughout the Louisville area. If you are a restauranteur looking for the perfect piece of real estate in Louisville Metro or southern Indiana, Grisanti Group will find you the right property to lease or buy . As a 30-year restaurant proprietor, Paul Grisanti excels at matching the perfect space with each concept and budget.
Looking for a car wash in Clarksville, Indiana?
Paul Grisanti of Grisanti Group Commercial Real Estate represented the buyer, Jim and Jerry’s Carwash, in the recent purchase of property on Lewis and Clark Parkway in Clarksville. The seller was the owner of Craig and Landreth pre-owned cars, which is still located next door. Grisanti Group loves matching up the perfect clients, and we think Jim and Jerry’s and Craig and Landreth will flourish together.
This is Jim and Jerry’s second location in the Louisville Metro area, the first being on Dixie Highway at Gagle Lane. Jim and Jerry’s Carwash is a modern, high speed tunnel wash that offers the spectrum of basic to premium washes, always with free vacuuming! Car wash prices range from about $3 to $12.
We are on the lookout for more locations too! High traffic areas with great visibility are ideal spots. Contact Paul Grisanti if you have the perfect piece of real estate in Louisville, KY or southern Indiana for the next Jim and Jerry’s Carwash.
The business of commercial property in Louisville had a harbinger of good news from the latest jobs report from July. According to Business First, Louisville gained 200 construction jobs in the hot summer month. The uptick is a good sign that consumer demand for real estate in the Louisville area is increasing. If you are looking to build, one of our featured properties is premium lot of vacant land in Jeffersonville, Indiana. Contact our land specialist Lisa Perkins or our main office for more information.
A quick look at our Featured Properties shows that for your commercial property needs, new construction may not be necessary. Our portfolio has a variety of existing office, retail, and industrial properties in Louisville, KY and southern Indiana.
The stock market may be fluctuating daily, but research shows that in the long run real estate is stable choice to add to your portfolio.
Data from National Real Estate Investor shows that real estate investment trusts are not very highly correlated to other asset classes. Thus, the wild swings in the stock market are not realized in such dramatic fashion in private real estate holdings. According to the article Is Real Estate a Good Diversifier?, there was been a 173% recovery in national Real Estate Investment Trusts from February 2009 to May 2011, signifying potential for even greater recovery in the market.
Private real estate has shown relatively low volatility, and has achieved among the highest risk-adjusted returns among the major asset classes over the past three decades (1978-2010). That means that for each unit of risk, it is estimated that private real estate has provided higher returns than stocks and public real estate, and has matched the bond index.
Real estate values are highly specific to each investor’s account, varying a great deal depending on the characteristics of each asset. Grisanti Group’s broad listing portfolio and connections throughout Kentucky and Southern Indiana allow us to assist our clients in customizing their holdings. Our extensive resources, such as access to demographics, traffic counts, and sales comparisons, will provide you with all of the information to select properties that are recession proof. We have the expertise to make sense out of your dollars and dollars out of your cents.
Without a doubt, everyone is sick of the word uncertainty, but like it or not, it is the reality of the times. The boom years in our business meant that real estate investors often had only the next sale price in mind when they bought a property. Real estate prices will always rise was the thinking.
Of course that old adage proved to be false in the housing market, but it doesn’t mean investors should be scared of commercial investments. Commercial properties with real cash flow or monthly income should prove to be a sound place to invest, and in the long run, return on investment should prove
Says Joel Ross of GlobeSt.com, “projecting huge value jumps over 4 or 5 years is hard to do since there is so much we cannot predict, so current cash flow is probably what is most reasonable to be looking to. Solid office assets (and) multifamily in many markets are all assets worth acquiring.”
Or take a look at a Yahoo! Finance article from this summer called “5 New Rules of Real Estate”
4. Investing? Focus on Income
Somewhere along the way, ordinary civilians got the idea that there were massive profits to be made in real estate, if only they could flip the properties fast enough. The problem with that strategy became apparent when the real estate market crashed, and investors (who were leveraged to the hilt) couldn’t get out of their properties in time. When you’re paying thousands of dollars for a mortgage but don’t have any income — nor hopes of a sale — it’s a fast track to bankruptcy.
But now is an amazing time to buy investment property. Purchase a foreclosure or two (or up to 10, if you can find the financing), and focus on how much income you can get each month. If you buy a foreclosure in the Atlanta area for $75,000 and can get $800 to $1,000 per month in rent, that’s a terrific return on investment.
Grisanti Group of course focuses on commercial real estate, not foreclosed homes. But we can help you find office assets, self-storage, and turn-key business opportunities which can bring you real cash flow every month. Check out our featured properties, or contact us to learn more about our vast and varied listings.