KennMar has acquired the 5/3 Tower in downtown Louisville, Kentucky, with the assistance of INVST LLC, an SEC Registered Investment Advisor based in Indianapolis, Indiana.
Located at 401 S. 4th St. in the heart of Louisville’s Fourth Street Live entertainment district, this iconic office building stands 26 stories tall and totals 347,000 square feet.
Situated just steps away from one of the most popular entertainment districts in the city, the property is also within walking distance of the KFC Yum! Center, the Kentucky Center for Performing Arts, Louisville Slugger Field and the Louisville Waterfront Park.
The acquisition of 5/3 Tower fits well within KennMar’s investment philosophy which it calls “F.O.C.U.S. on G.O.O.D.” By acquiring, enhancing, and managing prominent commercial real estate properties, the company balances the need to preserve and grow asset values for its clients with its social responsibility and desire to make a positive impact in the community.
Doug Owen with JLL represented KennMar in the purchase of 5/3 Tower and will be marketing the property on its behalf.
