Broe Real Estate Group Completes Land Acquisition for New River Ridge Commerce Center Project
300,000 SF Spec Building Marks the First Industrial Development in Park's Northern Phase
Dec. 14, 2022
JEFFERSONVILLE, Ind., Dec. 14, 2022 /PRNewswire/ — Broe Real Estate Group (BREG), the multi-billion-dollar, Colorado based developer, has begun its first industrial development project within Southern Indiana’s world-class industrial park, the River Ridge Commerce Center. BREG’s 19.5-acre site will be anchored by a 300,000 square foot Class A industrial facility within the 6,000-acre global business park.
“Demand for high quality industrial space in the Louisville, Kentucky market is at an all-time high while vacancy rates within Southern Indiana and Kentucky remain at historic low levels,” said Broe Real Estate Group’s Executive Vice President Reagan Shanley. “This spec project brings critical supply online to serve the sustained market demand and the need for modern logistics space.”
BREG’s project will feature rear load access, 36-foot clearance, and generous trailer parking space to support the highly sought needs of logistics, manufacturing, research, and technology tenants. The park’s rail infrastructure enhancements, provided by The Broe Group’s transportation affiliate OmniTRAX, continues to expand with park development to unlock rail access, shipping efficiency and low-cost transportation for new tenants.