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BREAKING NEW GROUND

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National company to build 624,000 square foot warehouse

By Thomas Barr

 SHEPHERDSVILLE – Kevin Grove remembers working on a very early project in northern Bullitt County over 12 years ago.

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Since that time, over nine million square feet of industrial buildings are under roof in Bullitt County.

Grove, senior vice president for CBRE/Louisville, will now have an opportunity to find tenants to fill the latest warehouse/distribution facility in Shepherdsville.

Local officials joined with Dermody Properties to break ground Wednesday on a 624,000 square foot facility off Conestoga Parkway.

“This is a wonderful opportunity for us,” said Brian Quigley, partner with Dermody Properties’ Midwest Region office in Chicago. “Shepherdsville, Ky., is where we have chosen to locate.”

The national development firm’s LogistiCenter at I-65 is a perfect location, said Quigley.

“We have a unique building,” Quigley said of the facility to be built by Summit Construction, who is no stranger to industrial buildings in the county.

With Interstate 65 as one of its borders and UPS just 12 miles away, Quigley said the location is ideal.

But besides the location, he said the willingness of local officials to welcome and to work with a prospective business was key.

“Thank you for being so business proactive,” said Quigley. “We’re here for the long term. We will give back to the community.”

Michael Dermody, chairman and CEO, said that it was a privilege to locate in Bullitt County.

“You created the economic situation that attracts companies,” said Dermondy.

From humble beginnings, he said the company has grown into a national real estate development company. Headquartered in Reno, Nev., the company has regional offices in four cities with properties in many others.

He called Shepherdsville mayor Scott Ellis the economic engine that drives the community. He said it is the mayor that deals with the prospects and he is the one who led the way to Wednesday’s groundbreaking.

Ellis remembered when the company officials came in to talk with him 7-8 months ago. There was excitement then and even more energy as ground was broken.

“I’m excited that the relationship we started that day has brought us to today,” said Ellis. “Thank you for choosing Shepherdsville, Ky.”

Ellis said after the ceremony that this is another example to show that the “open for business” sign is on in Shepherdsville.

“We’re open for business,” said Ellis.

He was shocked with Bullitt County having more than nine million square feet of industrial development – all in the past 12 years.

With two other spec buildings planned, in addition to the Dermody facility, Ellis said it shows that people want to come to Shepherdsville.

“People want to be where business is happening,” said Ellis. “They see a lot of buildings going up and they want to be part of it.”

Getting people to work is key for the entire community, said Ellis. Not only does it help those employed but their money is then spent at area businesses. Plus, the city reaps money off property and occupationaltaxes.

“It’s a good time to be in Shepherdsville,” said Ellis. “We’ve come a long way the past couple of years.”

County judge Melanie Roberts said it was great to have new jobs coming to the community. She said it displays once again that the county is an awesome place to live and to work.

She thanked Ellis for working with her as a team to make things happen.

Roberts also thanked new Economic Development Authority director John Snider and Chamber of Commerce executive director Jenny Estepp for their hard work to move the county forward.

As a former school teacher, Roberts also praised the strides made by superintendent Keith Davis and the school district.

Snider said it is important to have yet another player to come into the county to invest their funds to help bring in jobs.

He is looking forward to new job opportunities which could be created by tenants who lease space from Dermody.

Like Roberts, Snider said the strides being made in the education field would pay big dividends long-term for the county.

While Dermody Properties will purchase and develop the property, Granite Real Estate Investment Trust will be a financing partner in the project.

For Grove, who has been part of the county’s growth over the past 12 years, it is still amazing what has been done.

Throughout that time, Grove said there is a tendency to not celebrate the success stories. In Bullitt County, there have been many.

One of the more unique collaborations he has dealt with is the Best Buy/Geek Squad in northern Bullitt County. He looked at Geek Squad as the only Best Buy facility where laptop computers can be repaired.

He hoped to fill the newest building quickly. And with the track record of the past 12 years, Grove might be right on target.

The facility can be divided to suit the needs of the customer. LogistiCenter is located on 287 acres just north of Lowes.