900,000 Square Foot Speculative Construction at Velocity 65 Trade Center Fully Leased
(Shepherdsville, KY – November 5, 2021) SIOR Affiliate Browning Real Estate Partners, a leading real estate development and construction company based out of Indianapolis, announced Velocity 65 Trade Center Building 2 in Shepherdsville, Kentucky is 100 percent leased on a long-term basis. The tenant will occupy the entire 908,600 square foot facility located along Interstate 65 in Shepherdsville, Kentucky.
Built in 2021, the building is cross-docked and features 90 loading docks and 36’ clear heights. It is located on a 49-acre site at 200 Velocity Way within the Velocity 65 Trade Center, a 260-acre master planned industrial development due south of Louisville and the UPS Worldport along I-65. Corporate neighbors include notable e-commerce companies like Amazon, Best Buy, UPS, and Walmart.
Leasing for Velocity 65 Trade Center Building 2 was led by Phil and Greg Charmoli with Louisville-based Cushman & Wakefield Commercial Kentucky Inc.
“Bulk leasing activity has been very strong in the Louisville market, especially in the Bullitt County submarket. Within the last thirty (30) days, this submarket has enjoyed 3.6 MSF of leasing activity, which has reduced the vacancy rate from 11.3% to less than 1%,” noted Cushman & Wakefield’s Senior Director Phil Charmoli, SIOR, CCIM.
The Louisville market is on pace to have one of it’s best years ever with regards to net absorption and more product is on the way at Velocity 65 Trade Center to meet demand. Browning has multiple sites available and will be starting speculative construction on two new buildings, Building 3 (708,000 SF) and Building 5 (235,000 SF), at Velocity 65 in early 2022.
“Velocity 65 offers companies engaged in e-commerce, distribution and light manufacturing opportunities of various measures,” said Mark Susemichel, chief development officer for Browning. “The park has unparalleled access and visibility to I-65, as well as sites that offer unique and flexible building footprints with additional opportunities for commercial out lot development for future amenities and multi-unit residential sites to attract labor.”
Velocity 65 Trade Center™
Consisting of over 260 acres of land, Velocity 65 Trade Center will house up to five (5) bulk distribution buildings totaling over 4 million square feet in Shepherdsville, Kentucky. Situated along the I-65 corridor, Velocity 65 Trade Center is the gateway into the Bullitt County industrial market with exceptional visibility, labor, connectivity, and flexibility. Velocity 65 Trade Center benefits from proximity to the UPS Worldport global air-freight hub and unparalleled interstate access with interchanges for I-65 at both ends of the park. To read more about the project, visit: http://www.browninginvestments.com/projects/velocity-65/
Browning strengthens communities by developing, building, and managing game-changing commercial real estate projects. With a reputation for executing large transactions and complex projects, the firm’s diversified portfolio includes market-leading industrial, office, mixed-use, healthcare, life science and higher education projects. Established in 1977, Browning is based in Indianapolis.