That headline might sound familiar. While Grisanti Group handles commercial real estate transactions of all kinds, large land sales continue to be a specialty. Owners routinely turn to Grisanti Group when they need a trusted expert to sell their land holdings. Our latest closed transaction was 70+ acres of industrial land in the western Louisville market on Camp Ground Road. The family that had owned this large property for many years engaged Paul Grisanti and Nick Grisanti to represent them on the sale.
The buyer of the property was Poe Companies, a prominent Louisville developer that plans to construct speculative Class-A industrial distribution center warehouses on the site.
The industrial market in Louisville and surrounding counties continues to be red hot. Vacancy rates are low, absorption of vacant space is at record levels, and developers are hungry for developable sites.