M&E Realty Partners Acquires Louisville-Area Industrial Asset
This is the company's first acquisition.
Epta Development Corp. and Maynards Group of Companies have formed M&E Realty Partners, a new real estate investment platform that has made its first acquisition. The company purchased 1000 Old Brunerstown Road, an 835,000-square-foot industrial facility in Shelbyville, Ky., within the greater Louisville market. The purchase price was not disclosed.
M&E Realty will focus on acquiring and repositioning real estate assets in the United States, Canada and the United Kingdom. The company combines EDC’s real estate investment, development and asset-management capabilities with Maynards’ global industrial network, valuation and asset-recovery expertise, according to the partners.
Epta and Maynards previously partnered on real estate investments in Canada and the United Kingdom.
The Shelbyville asset includes about 94,450 square feet of office space, with 14 dock doors and four drive-in doors, according to CBRE, which lists the property for lease. The property offers 30-foot to 60-foot clear heights.
M&E Realty plans to implement a leasing and repositioning strategy at the property to attract manufacturing, logistics and other industrial tenants. Overall, the platform is focusing on value-add opportunities for underutilized or operationally complex assets.
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Chris Tsakumis, CEO & managing partner of M&E Realty, said in prepared remarks that the Shelbyville acquisition marks the first step in the company’s plans to build a larger real estate investment portfolio.
Louisville’s busy industrial market
The Louisville industrial market posted 1.41 million square feet of positive net absorption in the third quarter of 2026, CBRE reports, but even so, vacancy was slightly higher at 5.9 percent due to the delivery of three new spec buildings. New lease activity totaled 1.65 million square feet for the quarter.
GE Appliances is investing $1 billion into the expansion and upgrade of GE Appliance Park, its manufacturing campus and global headquarters in Louisville. As part of its manufacturing reshoring push, the company plans to relocate production from Mexico to Louisville, starting in late 2027.
In August, Link Logistics acquired a 402,444-square-foot last-mile industrial asset at 5100 Jeff Commerce Drive in Louisville. The asset is in the Southside/Airport submarket, near major logistics and manufacturing hubs.
In June, a partnership between CRG and STAG Industrial started work on Park Loop @ I-65, an industrial development totaling 500,240 square feet in Shepherdsville, Ky., just south of Louisville. Completion is slated for early 2027.
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