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Chicago & Midwest  + Midwest  + Industrial  |  October 30, 2024
Jasmine Kilman
By: Jasmine Kilman

Colliers Closes Sale of 1M-SF Louisville MSA Property

Colliers has closed the sale of the I-64 Commerce Center in the Louisville, Kentucky, logistics market.

The 1,052,831-square-foot building is fully leased to Canadian Solar, a solar and renewable energy company. The Colliers Midwest Investment Services Team, led by Alex Cantu, Alex Davenport, Jeff Devine, and Steven Disse, facilitated the transaction on behalf of Flint Development, the seller. Flint Development is a commercial real estate company specializing in industrial and multifamily projects across the U.S.

The facility was purchased by W. P. Carey. Located at 139 Logistics Drive in Shelbyville, Kentucky, the distribution location serves Canadian Solar’s new $800 million manufacturing facility in nearby Jeffersonville, Indiana.

Delivered in 2023, the state-of-the-art cross-docked facility features a 40’ clear height, ESFR sprinkling, 348 auto parking spaces, 230 trailer parking slots and full circulation. Canadian Solar plans to invest up to $500 million in the facility to develop its principal United States battery assembly facility.

Read More News Stories About: Colliers
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ColliersW. P. CareyFlint Development

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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