ELSMERE, KY — September 30, 2020 – Core5 Industrial Partners has closed on a 65-acre industrial site at Exit 180 in the Airport submarket of Kentucky. Core5 will immediately break ground on the development of C5 75/71 Northern KY Logistics Center, a 772,000-square-foot state-of-the-art logistics facility. Delivery of the building is scheduled for Q3 2021.The 772,000-square-foot cross-dock building, divisible to +/- 300,000 square feet, will feature 40-foot clear ceiling height and can accommodate trailer parking for up to 248 trailers and 330 auto parking spaces. The site is strategically located 2.5 miles from I-75/71 (exit 180), offering superior access to Cincinnati’s CVG International Airport, DHL’s Super Cargo Hub, and the future home of Amazon Prime Air. A 2-day drive reaches nearly 90% of the U.S. population. C5 75/71 Northern KY Logistics Center also benefits from an immediate strong labor market, exceptional transportation infrastructure, and a 30-year pilot tax abatement.“Core5 is bringing best-in-class ideas to the C5 75/71 Northern KY Logistics Center project,” states Doug Armbruster, Senior Vice President for Core5. “It will be a real game changer for the market. The access is exceptional. Coupled with 40’ clear height, low real estate taxes and strong labor pool, it’s an unbeatable location for users who need access to the interstate and the UPS cargo facilities,” added Armbruster.CBRE will represent Core5’s leasing efforts for the building. Read More
LOUISVILLE — July 22, 2019 – Core5 Industrial Partners, a new-to-Louisville developer and owner of industrial properties, has started construction on the largest speculative building in the market, a 1,038,240-square-foot building at Bourbon Trail Logistics Center, located less than one mile from I-65 at KY-245 in Shepherdsville.
The building is the first 40-foot clear height speculative building to deliver in the market and will be available in the second quarter of 2020. The million-square-foot building offers generous parking for 638 auto spaces with options to expand and 237 trailer storage locations.
“Core5 is bringing the best-in-class ideas to the Bourbon Trail Logistics Center project,” states Doug Armbruster, Senior Vice President for Core5. “It will be a real game changer for the market. The access is exceptional. Coupled with 40’ clear height, low real estate taxes and strong labor pool, it’s an unbeatable location for users who need access to the interstate and the UPS cargo facilities,” added Armbruster.
The Louisville International Airport houses UPS Worldport, the largest automated package handling facility in the world and the center point of UPS’s worldwide air network. The project is located less than one half mile from I-65 where a high concentration of commodities flow through Kentucky.
JLL’s Powell Spears and Matt Hartlage represented Core5 in purchasing the 49.8-acre site and will also represent Core5’s leasing efforts for the building. “This project checks all the boxes for users seeking strategic logistics opportunities – location, infrastructure, strong labor talent, incentives and the latest in distribution space design,” states Spears.
The project design team consists of MacGregor Associates Architects and Mindel Scott.
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HORN LAKE, MISS. — Core5 Industrial Partners has sold the 581,474-square-foot Building A within Desoto 55 Logistics Center in Horn Lake. The business park sits on 173 acres about 18 miles south of Memphis. An undisclosed Fortune 500 company acquired the asset. The sales price was not disclosed. In addition, Core5 announced that Building B, a 300,145-square-foot facility, has been fully leased to DSV Solutions LLC and EPE Industries USA, which are both set to occupy the space this quarter. Three other buildings are planned within Desoto 55. At full build-out, the business park will span more than 2.5 million square feet. All three buildings are expected to be delivered by the end of this year.
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