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JLL Income Property Trust Acquires Louisville Distribution Center


JLL Income Property Trust Acquires Louisville Distribution Center
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CHICAGO, Feb. 11, 2021 /PRNewswire/  JLL Income Property Trust, an institutionally managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) with $3.4 billion in portfolio assets, today announced the acquisition of Louisville Distribution Center, a 1 million-square-foot, Class A industrial property located in the top-tier industrial submarket of South Louisville. The purchase price was $95 million.
Louisville Distribution Center.
The Louisville industrial market s low vacancy rate of just 4.2 percent and central location makes it an excellent market for us to continue to increase our allocation to core industrial assets located in close proximity to irreplaceable transportation infrastructure, said Allan Swaringen, JLL Income Property Trust President and CEO. The property s modern layout is bolstered by significant building im ....

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