MDH Partners has now leased the entire Park 65 Business Center, a 260,000-square-foot distribution center at 100 Brooks Way in Louisville, Kentucky.
The firm originally purchased the facility in 2019 when it was 30% leased. RP Construction Services has leased the remaining 180,000 square feet. Robert Walker and Greg Charmoli with Cushman & Wakefield represented the Landlord.
The new facility will accommodate RPCS’ growing selection of solar tracker inventory and allow the company to augment its single-axis tracker kitting and pre-assembly operations. Louisville’s proximity to suppliers and solar markets in the eastern United States will support RPCS’ continued ability to offer best-in-class lead times to its EPC and developer customers. RPCS’ Louisville facility begins operations this month.
According to Cushman & Wakefield, the first quarter of 2023’s overall leasing activity was 2.8 million square feet. Overall net absorption was two million square feet, marking the 31st consecutive quarter of positive net absorption. The overall vacancy rate decreased 100 basis points from 4.1 to 3.1% as tenants leased up vacant space throughout the market.
