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W. P. Carey has acquired I-64 Commerce Center’s Building A, a 1 million-square-foot cross-dock industrial facility in Shelbyville, Ky., from Flint Development. The Class A asset traded for $102 million, according to Shelby County public records. Colliers represented the seller.
I-64 Commerce Center is a two-building, 1.5 million-square-foot industrial campus that came online last year. In September, Flint sold the park’s Building B, a 477,600-square-foot facility, to Ford Motor Co. for $42.3 million, the same information source shows.
Both facilities have identical 40-foot clear heights, 54- by 50-foot column spacing and truck courts with 185-foot depth. Between them, the two buildings feature 154 dock-high doors and eight drive-in doors, as well as 507 car and 346 trailer parking spaces. An additional 133 dock-high doors may be added in the future throughout the pair.