Hillwood to Deliver 1.7 MSF Kentucky Industrial Project

Hillwood and Al. Neyer plan to develop two speculative buildings, totaling more than 1.7 million square feet, in Erlanger, Ky. The construction of Building 1 will start in 2018.

A joint venture between Hillwood—a Perot company—and Al. Neyer is developing Erlanger Commerce Center, a state-of-the-art distribution center in Erlanger, Ky. The two speculative buildings will total more than 1.7 million square feet, and will be located at the intersection of interstates 75 and 275.

“Erlanger Commerce Center’s location offers convenient interstate access and is in close proximity to the core of Cincinnati, providing access to a larger and more diverse labor pool,” Kurt Nelson, senior vice president and market leader at Hillwood, toldCommercial Property Executive. “We view the market as having strong industrial development potential, as demand continues to grow and the employers we serve continue to seek locations near strong labor population centers such as Cincinnati.”

 The joint venture acquired the property late last month and Al. Neyer, as the project’s architect and construction manager, has already started making improvements to the site in preparation for development…

Hillwood to Deliver 1.7 MSF Kentucky Industrial Project

Categories : Private Equity

Leave a Reply

You must be logged in to post a comment.