JLL arranges $55.8M sale of 390K-SF industrial portfolio in Louisville

CHICAGO, Jan. 27, 2026 -  JLL Capital Markets announced today the $55.8 million sale of Blankenbaker Station Portfolio, a two-building, 390,000-square-foot industrial development in Louisville's coveted East submarket.

JLL represented the sellers, Washington Capital Management, on behalf of its clients, and Roebling Development, in the transaction. EQT Real Estate acquired the asset.

The fully leased portfolio comprises two newly constructed Class A distribution buildings located at 13101 and 13051 Plantside Drive within Blankenbaker Station, a premier mixed-use business park in eastern Louisville.

The fully leased portfolio comprises two newly constructed Class A distribution buildings located at 13101 and 13051 Plantside Drive within Blankenbaker Station, a premier mixed-use business park in eastern Louisville. Building I encompasses 240,000 square feet and serves as Packsize International's Innovation Center, featuring specialized manufacturing capabilities including two production lines supported by 3.3-ton cranes and high-quality office space. Building II spans 150,000 square feet and houses a state-of-the-art sub-same-day delivery facility, one of only approximately 50 such locations across North America.

The facility features full air conditioning, seven box-in-box coolers to support grocery operations and sophisticated robotics systems for automated sortation and fulfillment processes. Both buildings showcase modern logistics design with 32-foot clear heights, fully circulating truck courts, ample trailer parking and rear-loading configurations optimized for efficient distribution operations.

The portfolio's strategic location within Louisville's East submarket provides exceptional connectivity to major transportation infrastructure, including proximity to Interstate 64, Interstate 265, UPS Worldport at Louisville International Airport and CSX intermodal facilities. This positioning places tenants within a single day's drive of two-thirds of the United States population while offering access to Louisville's skilled labor market and affluent residential communities in the eastern metro area.

The JLL Capital Markets team was led by Managing Director Ed Halaburt and Senior Director Ross Bratcher, along with Senior Managing Directors John Huguenard and Sean Devaney, Managing Director Kurt Sarbaugh and Director Will McCormack.

"The Blankenbaker Station Portfolio represented a rare opportunity for EQT to acquire stabilized, Class A industrial assets in one of the Midwest's most dynamic logistics markets," said Halaburt. "With Louisville consistently maintaining sub-5 percent vacancy rates and limited developable land constraining future supply, these modern facilities benefit from both exceptional tenant quality and favorable long-term market fundamentals."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients - whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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