CRG and development partner STAG Industrial broke ground on Park Loop @ I-65. The project is a 500,240-square-foot speculative industrial facility at 650 Park Loop Road in Shepherdsville, Kentucky, about 20 miles south of Louisville.
Construction is scheduled for completion in early 2026.
Located on 42.53 acres in Louisville’s Bullitt County submarket, 1 mile east of Interstate 65, Park Loop @ I-65 is adjacent to Cedar Grove Business Park, a successful, 12.5-million-square-foot industrial park owned primarily by institutional investors and home to Amazon, UPS and other major e-commerce, distribution and automotive users. Park Loop @ I-65 is also less than 20 miles from Louisville International Airport and UPS Worldport, the latter of which is the fifth-busiest airport in the world by cargo traffic and the third-busiest in North America.
Park Loop @ I-65 will feature 40-foot clear heights, 96 dock doors, four drive-in doors, 185-foot-deep truck courts, ESFR sprinklers and high-efficiency LED lighting. The facility will also provide ample trailer storage and parking for 310 vehicles.
CRG’s parent company, Clayco, will serve as the design-builder for the project, while integrated partner Lamar Johnson Collaborative will be the architect. CRG and STAG have retained Alex Grove and Doug Butcher of CBRE to market and lease the project.
