Dermody Properties on May 22 held a ground-breaking for LogistiCenter Louisville, a 315,147-square-foot distribution facility in the Renaissance South Business Park near the Louisville International Airport.
LogistiCenter Louisville will feature 32-foot clear height, 60 dock doors, four drive-in doors, 336-car parking stalls and 73 trailer stalls.
Dermody Properties purchased the land earlier this year from the Louisville Renaissance Zone Corporation (LRZC), a Louisville International Airport-affiliated agency that oversees the development of the airport’s Renaissance South Business Park. The business park is a 450-acre complex immediately south of the Louisville International Airport. Renaissance South Business Park is also near UPS’ Worldport air-cargo hub and its ground-sorting facility, Centennial Hub.
“We are delighted to welcome Dermody Properties and their LogistiCenter Louisville facility to the growing list of successful projects in the Renaissance South Business Park near Louisville International Airport,” said Phil Lynch, chairman of the board for LRZC, in a written statement.
“We are pleased to be breaking ground on our second facility in the Louisville area,” said Douglas A. Kiersey, Jr., president of Dermody Properties, also in a written statement. “It is another milestone in our national development strategy to create state-of-the-art industrial facilities in key logistics markets.”
Construction is expected to be complete in September of 2014. Dermody Properties will develop the project in partnership with PCCP, LLC, an integrated real estate finance and investment management firm.
