The Louisville industrial real estate market is about to get another modern distribution facility. Grisanti Group Commercial Real Estate has sold a 29-acre parcel of land for industrial development. The property is 7830 National Turnpike in Louisville’s Southside/Airport industrial submarket. Grisanti Group represented the seller in the transaction. The buyer plans to construct an approximately 400,000 square foot modern logistics/distribution facility.
A tenant for the proposed warehouse has not yet been announced, but our bet would be that an e-commerce distribution facility eventually calls this beautiful property home. As this article from Wealth Management states, “E-commerce had been averaging gains of 10 percent annually throughout much of the past decade, but those numbers have skyrocketed in recent years. A recent Deloitte study predicts that e-commerce will account for 30 percent of all U.S. retail sales by 2030.” Regional distribution facilities that enable “e-tailers” to provide customers with expedited delivery and return service are a crucial component of the e-commerce supply chain. The Louisville industrial real estate market has seen this boom result in millions of square feet in construction for logistics and distribution warehouses for e-commerce tenants over the last decade.
This new facility at 7830 National Turnpike will fit that mold. Grisanti Group is proud to have helped our client capitalize on this trend.
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.