36% IRR

$3.2M Purchase Price

$12.7M Exit Price

5 Years Investment Horizon

 

executive summary

Campisano Capital is pleased to present a new investment opportunity located in the NuLu neighborhood of Louisville, KY. This mixed-use development will require redeveloping a 24k SF historic building and creating a new 56k SF building, as well a 282-spot parking garage

  1. The Joe Ley Development consists of three buildings and is the second phase of a development currently in process

    1. Historic Joe Ley Building: This historic 4-story structure will be restored and repurposed into a mixed-use property with retail and restaurant options on the first floor and office space on the three upper floors

    2. New Joe Ley Building: Demo of existing building to clear the way for a brand new, state-of-the-art steel and glass structure that will better serve the demand in the area

    3. New-Build Parking Garage: 282-spot garage located on Jefferson St, 1 block from the Joe Ley Building. This will be the only parking garage in the area

  2. Phase I is the redevelopment of a 72k SF office building called The Gateway to NuLu

    • Across the street from the Joe Ley Building

    • This state-of-the art office complex will maintain 400+ employees

    • Other recent NuLu developments include hotels, office space, restaurants and other forms of entertainment

  3. The entire development is in the opportunity zone, providing a unique opportunity for reduced-risk assets

  4. Campisano Capital has extensive knowledge of redeveloping historic properties

 

Catalysts

 

Photos

 

Additional Materials