LOUISVILLE, Ky. – The University of Louisville and NTS Realty Holdings, through their joint venture Campus Two, have signed Steel Technologies as the anchor tenant at 700 North Hurstbourne in the ShelbyHurst Office and Research Park.
Steel Technologies has leased some 56,000 sq. ft. and is consolidating multiple office locations, including their corporate headquarters, a 30,000 sq. ft. building they own next to Valhalla golf course, into 700 North Hurstbourne.
“We’re really pleased with the further development of the park,” said UofL President Dr. James Ramsey. “Developing this underutilized property will bring new revenue to the university – revenue we need to support our teaching and research.”
The 125,000 square foot, four-story building is located at Hurstbourne Parkway and Porter Place, just north of Shelbyville Road. The new building’s iconic, environmentally sensitive design complements and expands on the innovative architectural design of the first building and is expected to receive LEED certification for its energy and environmental efficiency.
“The University of Louisville and NTS have done excellent work in developing this site,” said Mike Carroll, President and CEO of Steel Technologies. “We are consolidating three offices and have been searching for the very best option for our entire team. We found it at 700 North Hurstbourne.”
Other tenants at 700 North include TEK Systems and Akzo Nobel Coatings.
“We are delighted to have Steel Technologies as the anchor tenant in this second new office building,” said Brian Lavin, CEO of NTS. “They will be a great neighbor on the campus along with other existing tenants including Churchill Downs, Semonin Realtors, BKD Accountants and Stifel Nicolaus.”
NTS is managing development, construction, leasing, operations and marketing of the new buildings. The UofL Foundation has a 51 percent stake in both buildings and NTS has a 49 percent share. When fully developed, the ShelbyHurst Office and Research Park is expected to have more than1.5 million square feet of space in multiple buildings.
According to Lewis Borders, Vice President of Leasing & Brokerage at NTS, leasing interest at 700 North continues to be robust and they are currently in discussions with multiple companies at varying stages of the leasing process.