{"id":1004635657,"date":"2022-12-16T05:11:01","date_gmt":"2022-12-16T13:11:01","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004635657"},"modified":"2022-12-16T06:47:55","modified_gmt":"2022-12-16T14:47:55","slug":"broe-real-estate-buys-land-for-southern-indiana-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/broe-real-estate-buys-land-for-southern-indiana-project\/","title":{"rendered":"Broe Real Estate Plans Suburban Louisville Project"},"content":{"rendered":"
\"\"<\/a>

Project rendering. Image courtesy of Broe Real Estate Group<\/p><\/div>\n

Broe Real Estate<\/strong> has acquired a 19.5-acre development site for its first industrial project within Southern Indiana\u2019s River Ridge Commerce Center in Jeffersonville, Ind.<\/p>\n

River Ridge Commerce Center is a 6,000-acre business park. The new 300,000-square-foot Class A industrial project is designed to accommodate single- or dual-tenant occupancy.<\/p>\n

Last month, Broe sold two assets in Rincon, Ga.<\/a>, for $116 million. The two Class A industrial buildings totaling 1.1 million square feet were completed earlier in 2022.<\/p>\n

Commercial Kentucky<\/strong>\u2019s team led by Senior Directors Robert Walker and Greg Charmoli will market the property for lease. American Structure Point<\/strong> will provide engineering services, while Ware<\/strong> Malcomb<\/strong> will serve as the project’s architect.<\/p>\n

Attracting big names<\/h2>\n

River Ridge Commerce Center is a world-class industrial business center located at 300 Corporate Drive, close to Clark Memorial Bridge, Interstates 65 and 265, providing quick access to Louisville, Ky., and Indianapolis. The business park’s central location attracts large firms operating in the automotive, life science, aerospace and pharmaceutical sectors, among others. River Ridge Commerce Center\u2019s tenant roster now includes companies such as Amazon, Medline or Bose, and its employee pool exceeds 10,000 people.<\/p>\n

OmniTrax, the transportation affiliate of Broe Real Estate Group, will be in charge of upgrading the industrial park\u2019s rail infrastructure, that will expand with the park’s development, in order to provide efficient shipping, rail access and low-cost transportation.<\/p>\n

The 300,000-square-foot Class A speculative project will be designed to accommodate tenants specializing in manufacturing, logistics, research and technology. Features will include 36-foot clear heights and trailer parking spots. The industrial developments\u2019 construction is expected to begin in the summer of 2023.<\/p>\n

In June, VanTrust broke ground on two industrial parks in suburban Indianapolis<\/a>. The two projects total 2.5 million square feet of space and benefit from a 10-year real estate tax abatement.<\/p>\n","protected":false},"excerpt":{"rendered":"

A Class A industrial facility marks the company\u2019s first development at this 6,000-acre business park.<\/p>\n","protected":false},"author":2991,"featured_media":1004635658,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,1590,21748,13,21742],"tags":[38752],"class_list":["post-1004635657","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-indianapolis","category-industrial","category-midwest","category-latest","tag-broe-real-estate-group"],"acf":[],"yoast_head":"\nBroe Real Estate Plans Suburban Louisville Project - CPE<\/title>\n<meta name=\"description\" content=\"Broe Real Estate has started its first industrial project within Southern Indiana\u2019s River Ridge Commerce Center, in Jeffersonville, Ind.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/broe-real-estate-buys-land-for-southern-indiana-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Broe Real Estate Plans Suburban Louisville Project\" \/>\n<meta property=\"og:description\" content=\"Broe Real Estate has started its first industrial project within Southern Indiana\u2019s River Ridge Commerce Center, in Jeffersonville, Ind.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/broe-real-estate-buys-land-for-southern-indiana-project\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-16T13:11:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-16T14:47:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/BREG_River_RIdge_Spec_Bldg_Northern_Phase-e1671114401693.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"415\" \/>\n\t<meta property=\"og:image:height\" content=\"311\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Simona Tudose\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/broe-real-estate-buys-land-for-southern-indiana-project\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/broe-real-estate-buys-land-for-southern-indiana-project\/\",\"name\":\"Broe Real Estate Plans Suburban Louisville Project - CPE\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/broe-real-estate-buys-land-for-southern-indiana-project\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/broe-real-estate-buys-land-for-southern-indiana-project\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/BREG_River_RIdge_Spec_Bldg_Northern_Phase-e1671114401693.jpg\",\"datePublished\":\"2022-12-16T13:11:01+00:00\",\"dateModified\":\"2022-12-16T14:47:55+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4\"},\"description\":\"Broe Real Estate has started its first industrial project within Southern Indiana\u2019s River Ridge Commerce Center, in Jeffersonville, Ind.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/broe-real-estate-buys-land-for-southern-indiana-project\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/broe-real-estate-buys-land-for-southern-indiana-project\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/broe-real-estate-buys-land-for-southern-indiana-project\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/BREG_River_RIdge_Spec_Bldg_Northern_Phase-e1671114401693.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/12\/BREG_River_RIdge_Spec_Bldg_Northern_Phase-e1671114401693.jpg\",\"width\":415,\"height\":311,\"caption\":\"Rendering of the project. 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