JLL arranges $90M acquisition financing for Kentucky Turnpike Logistics Portfolio

CHICAGO, March 30, 2026 – JLL Capital Markets announced today it has arranged $90 million in acquisition financing for the Kentucky Turnpike Logistics Portfolio, a two-building Class A industrial complex totaling 1,498,653 square feet in Shepherdsville, Kentucky.

JLL worked on behalf of the borrower, Olympus Ventures, to secure a five-year loan through Pacific Life. The financing supports Olympus Ventures' recent acquisition of the portfolio from EQT Real Estate, which JLL also marketed and sold in January 2026.

The portfolio comprises two modern distribution facilities delivered in 2022 featuring institutional-grade specifications. Derby Logistics Building 1 spans 524,604 square feet with 36-foot clear heights, 52 dock-high doors, four drive-in doors and capacity for 113 trailers across a 46-acre site. Derby Logistics Building 2 encompasses 974,049 square feet with 40-foot clear heights, 97 dock-high doors, four drive-in doors and space for 236 trailers on a 79.4-acre parcel.

The portfolio occupies a strategic position along Preston Highway with immediate Interstate 65 access, enabling excellent highway connectivity and placing tenants within 20 minutes of Louisville International Airport and the UPS Worldport air cargo hub. The location provides direct access to Louisville's workforce of over 520,000 within 25 miles, with blue-collar employment representing 34.6% of the population in the immediate 10-mile radius. Additional interstate connectivity through Interstate 265 and Interstate 264 links the facilities to major Midwest and Southeast markets while positioning users near the CSX Louisville Intermodal Terminal and the nation's seventh-largest inland port.

The JLL Capital Markets Debt Advisory team representing the borrower was led by Managing Director Lucas Borges, Senior Director Brian Walsh, Senior Analyst Christian Johnston, and Senior Analyst Emma Berner.

"The financing secured underscores strong lender confidence in Olympus Ventures' best-in-class platform and the fundamental strength of the Louisville logistics market, where limited Class A availability and restricted development pipelines support long-term asset performance," said Borges. “We saw robust competition throughout the marketing process, attracting diverse capital sources. Pacific Life stepped up to deliver a competitive fixed-rate, interest-only loan that aligned with the sponsor’s investment objectives.”

JLL’s Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of December 31, 2025. For over 200 years, clients have trusted JLL, a Fortune 500^® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

Established in 2000, Olympus Ventures is the family office for Richard M. Schulze, the founder of Best Buy.  With offices in Minnesota and Florida, the company maintains a full-service platform with in-house capabilities across acquisitions, asset management, capital markets, and development with a proven 25-year track record in real estate investment.  The real estate portfolio spans across the US in multiple asset classes with major asset concentrations including industrial, multifamily, medical outpatient buildings, and self-storage.

Pacific Life provides a variety of products and services designed to help individuals and businesses in the retail, institutional, workforce benefits, and reinsurance markets achieve financial security. Whether your goal is to protect loved ones or grow your assets for retirement, Pacific Life offers innovative life insurance and annuity solutions, as well as mutual funds, that provide value and financial security for current and future generations. Supporting our policyholders for nearly 160 years, Pacific Life is a Fortune 500 company headquartered in Newport Beach, California. For additional company information, including current financial strength ratings, visit www.PacificLife.com.