JLL Income Property Trust Secures $49 Million Loan For Louisville Logistics Center In Kentucky

The property asset involved in this transaction is located at 5071 Preston Highway in Louisville, KY. It is classified as an industrial type with a significant square footage of 1,042,534. The asset is fully leased to a global logistics tenant through 2032 and was built in 2022.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $49,000,000
• Address: 5071 Preston Highway
• Market: Louisville, KY
• Landlord: Allan Swaringen - JLL Income Property
• Loan Amount: $49,000,000
• Loan Date: 06/03/2026
• Mortgage Terms: Five-year mortgage at 5.28%

The deal features JLL Income Property Trust, which secured the loan against its Louisville Logistics Center in Shepherdsville, KY. The transaction reflects a focus on a modern warehouse strategy aimed at long-term tenancy, as evidenced by the lease agreement extending through 2032.