GBT Realty Buys Land to Develop Middletown Commons

by Nate Hunter

Louisville, Ky. — The first tenants at the 225,000-square-foot power center will open in late 2014.

Louisville, Ky. — GBT Realty Corp. has purchased approximately 32 acres of land at Shelbyville Road and Interstate 265 in Louisville for the development of Middletown Commons. The $50 million project will include more than 225,000 square feet and six outparcels. The first tenants will open at the power center in late 2014. Tenants already signed on to the project include Hobby Lobby, Liquor Barn, Rack Room Shoes, Ross Dress for Less, Chick-fil-A and Texas Roadhouse.

GBT Realty will provide development, leasing, construction management and property management services. The development team partnering with GBT Realty on the project includes MJM Architects as the project architect, Gresham Smith and Partners as the project engineers, and Louisville Paving & Construction as site work contractor. PNC Bank is providing construction financing.

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