Core5 Industrial Partners announced that Phase II of the Core5 Industrial Partners speculative multi-building industrial project is scheduled to break ground in the third quarter of this year in Elsmere, Kentucky.
Phase II will feature two buildings totaling 869,308 square feet. Building 2 offers 585,064 square feet of cross-dock capability for larger tenants while Building 3 will offer 284,244 square feet of single-loaded space, creating leasing opportunities for smaller end-users.
Phase II follows the successful leasing of Phase 1, a 839,931-square-foot C5 Airport East Logistics Center Building 1 to Diversey, Inc. at 7900 Foundation Drive. This building is scheduled to be completed in Q1 2022.
Doug Armbruster, Core5’s Senior Vice President of the Midwest Region, is leading the development.
“We are excited to start Phase II of this project. We are proud to be developing in the city of Elsmere and Kenton County. Combining exceptional infrastructure with strong community partnerships is key to our success, and this location in Elsmere provides almost immediate access to the CVG cargo hubs as well as a strong labor market in a close-in infill location.”
CBRE’s Doug Whitten represented Core5 Industrial Partners during the Phase I leasing and will be responsible for the marketing and leasing of all future buildings at the site.
The site is located 2.5 miles from Interstates 75 and 71 and provides convenient access to CVG International Airport.
