One of the Greater Louisville area’s Most prolific industrial developers has Another giant facility in the hopper.
By Marty Finley – Reporter, Louisville Business First
Apr 12, 2017
Louisville-based Crossdock Development started site work for a 634,400-square-foot speculative industrial building on Amazon.com Boulevard across from the Shepherdsville distribution centers of Amazon.com Inc (Nasdaq: AMZN).
The $25 million building will be constructed on 43 acres owned by CrossDock, according to company president Lee Wilburn. An address has not yet been assigned for the facility.
The building sits inside the Salt River Business Park not far from a 210,000-square-foot building built by Crossdock that is now occupied by sports nutrition retailer Hut Group.
The company uses the space as a production and distribution center for its protein drinks and supplements. We reported in late 2015 that The Hut Group planned to create create 350 jobs over a 15-year period and received preliminary approval for $2.6 million in state tax incentives from the Kentucky Economic Development Finance Authority.
Wilburn told me Tuesday that he expects the new building to be finished by October and anticipates it will be taken by a single tenant. He said he’s not sure yet if the space will be used for manufacturing or distribution space but expects there will be interest in the site from different types of companies.
A brochure for the development states in has large loading bays, skylights and fluorescent lighting. It also will have a large number of parking spaces. Rental rates were not disclosed.
The development is about a mile from Interstate 65, 19 miles from downtown Louisville, about 10 miles south of the United Parcel Service Inc. (NYSE: UPS) WorldPort facility and the Ford (NYSE: F) Assembly Plant. It is 13 miles south of Louisville International Airport.
Wilburn said he first invested in Bullitt County 17 years ago and has since lost count of how much square footage he has built in the county.
“I can’t count that high,” he said.
Crossdock also is one of the premier developers inside the 6,000-acre River Ridge Commerce Center in Southern Indiana, where his facilities are leased by multiple companies employing thousands.