marketplace

Joe Ley

Louisville, Kentucky

36% IRR

$22.7M Development Budget

$31.0M Sale Price

5 Years Investment Horizon

Located in the rising NuLu area of Louisville, Kentucky, the Joe Ley will be converted into a multi-use building. The transaction will involve the redevelopment of a 24K SF historic building and the creation of a 56K SF building, in addition to the construction of a 282-spot parking garage. The entire development is subject to preferential tax treatment, providing the opportunity for greater returns on investment.