Colliers brokered the sale of Gray Industrial Center Building 2, a newly completed 302,400-square-foot Class-A industrial facility at 530 Logistics Drive in Shelbyville, Kentucky, approximately 30 miles east of Louisville. The build-to-suit distribution facility is fully leased to Kuehne+Nagel, a global logistics provider.
Colliers Industrial Capital Markets advisors Alex Cantu, Alex Davenport, Jeff Devine, Steve Disse and Tyler Ziebel, together with local CBRE leasing advisors Doug Butcher and Alex Grove, represented Gray Development. The property was sold to ElmTree Funds in a forward-funded acquisition that closed upon completion of the facility.
Situated on approximately 32.19 acres, Gray Industrial Center Building 2 features 36’ clear height, 43 dock doors, two drive-in doors, ESFR fire suppression, 56’ x 54’ column spacing with 70’ speed bays, a 140’ truck court, 61 trailer parking spaces and 334 auto parking spaces.
Located approximately one mile from Interstate 64, the property provides convenient access to Louisville International Airport and UPS Worldport. Shelbyville continues to emerge as one of the Louisville region’s fastest-growing industrial submarkets, driven by sustained manufacturing investment, expanding distribution activity and its strategic location along the I-64 corridor, making it an attractive destination for both occupiers and institutional investors.
