Hackney Real Estate Partners Acquires Westport Village Retail Center In Louisville For $39M
1315 Herr Lane
$39,000,000
$229/SF
Building Size
170,249 SF
Asset Type
Retail
Closing
Sep 10, 2025
AI
The property asset involved in this transaction is a retail space located at 1315 Herr Lane, Louisville, KY. The sale was completed on September 10, 2025, for a total transaction amount of $39,000,000. The asset encompasses 13.4 acres and has a total square footage of 170,249, making the price per square foot approximately $229.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $39,000,000
- Address: 1315 Herr Lane
- Market: Louisville, KY
- Acres: 13.4
- Square Footage: 170,249
- Price Per Square Foot: $229
- Buyer: Hackney Real Estate Partners
- Seller: Wicker Park Capital Management LLC
- Represented By: David Webb, Alex McDonald & Alex Quarier - Berkeley Capital Advisors
Hackney Real Estate Partners acquired the shopping center from Wicker Park Capital Management LLC, and the transaction was facilitated by Berkeley Capital Advisors, who represented the seller throughout the deal.
Players
Louisville Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93