Realterm has acquired 200 Lentz Ave. in Charlestown, IN, a 60-door, 61,600-square-foot truck terminal. The high-flow-through industrial property on 23 acres also offers a 2,900-square-foot office.
“200 Lentz Ave. is in the Louisville, KY region, which has become a major distribution and break-bulk hub,” said Joe Noon, VP, Central Region acquisitions, Realterm. “With the permanent demand driver of UPS Worldport, Louisville ranks among the top five markets in the country for air cargo and is positioned for continued freight volume growth. Louisville’s central U.S. location affords the property access to more than 50% of the U.S. population within a day’s drive, making this a strong addition to our portfolio.”
In addition to 36 automobile and 117 truck parking spots, 200 Lentz has more than 5.5 acres of excess developable land. The deal was brokered by Robert Walker at Cushman & Wakefield and Stephen Pond at Industry Real Estate Partners.
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