JLL arranges $50M sale of Class A logistics center in Louisville, KY

CHICAGO, Jan. 30, 2026 –  JLL Capital Markets announced today the $50 million sale of Bullitt II Logistics Center, a 436,716-square-foot Class A logistics center located at 251 Buffalo Run Rd. in Shepherdsville, Kentucky.

JLL represented the seller, Core5 Industrial Partners, in the sale to LaSalle Investment Management.

The property, delivered in the fourth quarter of 2022, represents best-in-class industrial construction designed specifically for modern logistics operations. This cross-dock distribution facility features 36-foot clear heights, fully circulating truck courts with up to 185-foot depths, 50 dock doors, 63 designated trailer parking spaces and over 14,000 square feet of office space including specialized training facilities. 

Bullitt II Logistics Center is fully leased to a subsidiary of Dorman Products (NYSE: DORM), an aftermarket automotive parts supplier that manufactures and distributes components across undercar, engine, and body systems to HVAC, electronics and steering. The tenant serves the fast-growing aftermarket automotive industry, made up of both name-brand manufacturers and private repair shops across the county.

The facility's strategic location provides immediate access to I-65, positioning users for both regional and national connectivity. Within just 20-minutes of critical transportation infrastructure, including UPS Worldport, the world's largest fully automated package handling facility and the CSX Louisville Intermodal Terminal, this location has become a hot-spot for a variety of other well-known users such as Amazon, Walmart, Best-Buy and UPS, among others.

The JLL Capital Markets team representing the seller included Senior Director Ross Bratcher, Senior Managing Directors Sean Devaney and Dennis Mitchell and Managing Director Kurt Sarbaugh accompanied by the local JLL Brokerage partners including Senior Managing Director Powell Spears and Matt Hartlage.

"Louisville continues to be one of the most compelling industrial markets across the Midwest, and this sale demonstrates strong institutional appetite for quality assets in supply-constrained submarkets," said Bratcher. "Bullitt County's strategic location off I-65 coupled with a strong blue-collar labor pool has helped Louisville become a premier gateway location for national users due to its central proximity between the Southeast and Midwest markets."

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 recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom. 

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500^® company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 113,000 employees bring the power of a global platform combined with local expertise. 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^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com. 

Core5 Industrial Partners is an industrial real estate property company with expertise in development of Class-A properties featuring the latest innovations throughout the United States. Headquartered in Atlanta, Georgia, Core5 has development activity in Atlanta, Cincinnati/Northern Kentucky, Columbus, Dallas, Houston, Indianapolis, Los Angeles/Inland Empire, Louisville, Maryland, Memphis, Nashville, Pennsylvania, Phoenix, San Antonio, Savannah and South New Jersey with expansion plans to additional key logistic hubs in the US. Founded in 2015, the company has developed or begun construction on 51 million square feet since inception. Immediate access to capital, coupled with the ability to financially support deals on their balance sheet without utilizing third party resources on most transactions, Core5 executes quickly without layers of bureaucratic, time-consuming processes. The company is privately held by over 180-year-old Japanese-based Kajima Corp – one of the world’s largest A credit-rated construction companies with whom C5 leadership has sustained a 30+ year working relationship. Named for its five core principles, the company values are centered around a highly flexible entrepreneurial spirit promising follow through on commitments with an emphasis on relationships, excellence in quality, attention to detail and quick decision making. For more information on Core5 Industrial Partners, visit www.c5ip.com.

LaSalle Investment Management, a subsidiary of JLL, is a globally integrated, diverse real estate investment manager. On a global basis, LaSalle manages US$88.5 billion of assets in private and public real estate equity and debt investments as of Q2 2025. LaSalle’s client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a diverse range of investment vehicles, including separate accounts, open- and closed-end funds, public securities and entity-level investments.

For more information, please visit www.lasalle.com, and LinkedIn.