{"id":1004761949,"date":"2025-06-19T01:55:00","date_gmt":"2025-06-19T09:55:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004761949"},"modified":"2025-06-25T01:58:24","modified_gmt":"2025-06-25T09:58:24","slug":"crg-stag-kick-off-louisville-area-industrial-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/crg-stag-kick-off-louisville-area-industrial-project\/","title":{"rendered":"CRG, STAG Kick Off Louisville-Area Industrial Project"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a28b4c0944ed&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"1473\" height=\"1105\" data-attachment-id=\"1004761952\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/crg-stag-kick-off-louisville-area-industrial-project\/crg-stag-shepherdsville\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/CRG-Stag-Shepherdsville.jpg\" data-orig-size=\"1473,1105\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"CRG-Stag-Shepherdsville\" data-image-description=\"&lt;p&gt;Property at 650 Park Loop Road, Shepherdsville, Ky.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Occupying more than 42 acres, Park Loop @ I-65 is on track for an early 2026 delivery. Rendering courtesy of CRG&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/CRG-Stag-Shepherdsville.jpg?w=1024\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/CRG-Stag-Shepherdsville.jpg\" alt=\"Exterior rendering of Park Loop @ I-65, an industrial project in Shepherdsville, Ky.\" class=\"wp-image-1004761952\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/CRG-Stag-Shepherdsville.jpg 1473w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/CRG-Stag-Shepherdsville.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/CRG-Stag-Shepherdsville.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/CRG-Stag-Shepherdsville.jpg?resize=1024,768 1024w\" sizes=\"auto, (max-width: 1473px) 100vw, 1473px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">Occupying more than 42 acres, Park Loop @ I-65 is on track for an early 2026 delivery. <em>Rendering courtesy of CRG<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>A partnership between CRG and STAG Industrial has broken ground on Park Loop @ I-65, an industrial development measuring 500,240 square feet in Shepherdsville, Ky. Completion is slated for early next year.<\/p>\n\n\n\n<p>Clayco provides design-build services, while Lamar Johnson Collaborative is the architect of record. CBRE will market and lease the speculative project.<\/p>\n\n\n\n<p>Park Loop @ I-65 is set to feature a clear height of 40 feet, four drive-in doors and 96 dock doors, as well as a truck court with a depth of 185 feet. Parking arrangements will consist of 310 parking spaces.<\/p>\n\n\n\n<p>Located on more than 42 acres at 650 Park Loop Road, the development site is roughly 23 miles southeast of downtown Louisville, Ky., and about 28 miles from the military base at Fort Knox, Ky. Interstate 65 runs within less than 3 miles, while the Louisville International Airport operates approximately 19 miles away.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/specialized-demand-industrials-next-chapter\/\">Specialized Demand: Industrial\u2019s Next Chapter<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>Prologis\u2019 Cedar Grove Business Park, a 12.5 million-square-foot industrial campus consisting of 10 buildings, is adjacent to Park Loop @ I-65\u2019s construction site. What\u2019s more, Prologis is looking to expand that park, adding another structure, according to a Shepherdsville City Council meeting.<\/p>\n\n\n\n<p>CRG has an industrial portfolio encompassing 53 million square feet of completed, under-construction or planned product across the U.S. Its inventory includes The Cubes-branded properties, a handle initially worn by CRG\u2019s Shepherdsville project.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-louisville-s-growing-industrial-pipeline\">Louisville&#8217;s growing industrial pipeline<\/h2>\n\n\n\n<p>Metro Louisville\u2019s <a href=\"https:\/\/www.commercialsearch.com\/news\/top-markets-for-industrial-deliveries\/\">industrial completions<\/a> clocked in at 1.2 million square feet during the first three months of 2025, according to a CBRE report. These included four untenanted speculative projects, raising the market\u2019s vacancy rate by 30 basis points, to 3.8 percent in March.<\/p>\n\n\n\n<p>At the end of that same month, the metro\u2019s pipeline consisted of 6.4 million square feet of industrial product underway, marking a 60 percent quarter-over-quarter increase, the same source shows.<\/p>\n\n\n\n<p>This development momentum lingered well into spring as Hunt Midwest <a href=\"https:\/\/www.commercialsearch.com\/news\/hunt-midwest-starts-work-at-louisville-industrial-park\/\">broke ground on two speculative buildings<\/a> encompassing 775,000 square feet at the Simpsonville 64 Logistics Park.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The duo will deliver this 500,240-square-foot project next year.<\/p>\n","protected":false},"author":3471,"featured_media":1004761952,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21748,13,21742],"tags":[32869,51981,51526,35970],"class_list":["post-1004761949","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-industrial","category-midwest","category-latest","tag-clayco","tag-crg","tag-lamar-johnson-collaborative","tag-stag-industrial"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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