Commercial Property News

News and Media Articles

Planet Fitness opening new Louisville location

Louisville CBD has an ‘explosion’ of projects; office space attracting more lookers

By Marty Finley

A sixth Louisville Planet Fitness location is coming soon.

The franchise fitness chain plans to open a 18,633-square-foot location at 10719 Dixie Highway in South Louisville, said Michael Tabor, a partner with TRIO Commercial Property Group.

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Louisville Planet Fitness

Best New Office: ARGI Financial Group LLC headquarters

By Shannon Clinton

Louisville-based financial planning and advisory firm ARGI Financial Group LLC shelved initial plans to expand its existing 18,000-square-foot office on Stanley Gault Parkway in the East End and relocated in May 2015 to an existing 35,000-square-foot speculative building less than two miles away at 2110 High Wickham Place.

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ARGI Financial Building

This Louisville real estate firm has opened a Nashville office

By Marty Finley

Louisville-based real estate brokerage firm TRIO Commercial Property Group has looked southward to expand its footprint and profile.

The firm has opened a Nashville office, leasing office space at 3102 West End Avenue, which is west of downtown Nashville.

Justin Baker, principal broker and partner in TRIO, told Louisville Business First Tuesday that the firm kept hearing from Nashville retailers and investors who were interested in the Louisville market, which made the firm consider ways to build “synergies” between Louisville and Nashville.

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Nashville Map

CafePress to invest $600,000 to create new executive office

Louisville’s CafePress Inc. (Nasdaq: PRSS) plans to spend hundreds of thousands of dollars to refurbish its new executive office building in Middletown, a property that sat mostly empty for the past 16 years.

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Cafe Press Office

Grocery store chain plans to expand in Louisville area

A grocery store chain that has four Louisville locations and two stores in Southern Indiana could be expanding in the market.

Illinois-based Aldi Inc. has tapped Louisville-based TRIO Commercial Property Group to help locate new retail locations in Kentucky and Southern Indiana, according information TRIO sent to Louisville Business First on Tuesday.

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ALDI Louisville

Retail recovery prompts construction

Louisville CBD has an ‘explosion’ of projects; office space attracting more lookers

By Mark Green

Low vacancy rates in the single digits in Kentucky’s retail real estate sector – a national trend – are likely to prompt new construction for the next few years, according to market watchers. Office space remains more plentiful, but there is improvement in that sector, too.

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Omni Hotel

AT&T puts downtown Louisville office building up for sale

AT&T has put its downtown office building at 601 W. Chestnut Street up for sale for $11.4 million.

The 5-story building, assessed at $13.8 million for tax purposes, spans the length of the block between 6th and 7th streets.

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New business park taking shape in East End

Developer Darryl Schulte is in the midst of building a 23-acre business park off Old Henry Road, east of Interstate 265 that could total as many as eight buildings.

Schulte, has one building completed and another one under way in the park, which is called Old Henry Crossings.

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ARGI Financial

Commercial real estate brokers share market insights

What do you expect the local market for retail real estate to be like in 2014?

Justin Baker, principal broker and partner, TRIO Commercial Property Group

Baker is optimistic the retail market is poised to bounce back this year, given some recent signs that retailers and investors are making plans for growth.

First, he said, the “activity level is significantly up” among retail companies considering opening stores in Louisville.

However, he said, he could not disclose which retailers are shopping for locations.

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louisville

LOUISVILLE’S RETAIL MARKET RIDES WAVE OF DEMAND MOMENTUM ACROSS THE CITY

Louisville is riding a wave of momentum after hosting its third PGA Championship at Valhalla Golf Club in August. In addition, the $2.5 billion Louisville-Southern Indiana Ohio River bridge projects are under construction and scheduled to open in 2016. This project adds two new bridges, an east end bridge connecting I-265 in Kentucky with I-265 in Indiana, and a second bridge located downtown as part of improvements to I-65. These significant infrastructure improvements are a game changer in the fact that they will improve accessibility to new retail trade areas such as southern Indiana and northeast Louisville.

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Southeast Real Estate - Louisville's Retail Market Rides Wave of Demand Momentum