Verst Logistics Signs Northern Ky.’s Largest Industrial Lease of 2015
- Mar 28, 2015
By Adrian Maties, Associate Editor
Verst Group Logistics is expanding in northern Kentucky. The company recently signed a lease with RT Hebron L.L.C. to occupy the entire 189,400-square-foot distribution center at 1985 International Way in Hebron.
Completed in 1997 on a 14-acre site, the facility offers 104,900 square feet of dry storage, a 38,000-square-foot freezer, 13,200 square feet of office space on two levels, 18,400 square feet of refrigerated space, a 12,400-square-foot refrigerated dock area and plentiful parking for employees and trailers.
In a statement, Paul Verst, the company’s president and CEO, cited the facility’s central location near Kentucky Route 237 and Interstate 275 in the airport submarket, calling it ”ideal for our company and customers.”
DTZ Executive Managing Director Jeff Bender and Vice President David Kelly represented the landlord in the transaction. ”This is the largest lease transaction completed in Northern Kentucky so far this year,” said Bender, adding that the vacancy rate for Class A modern bulk product in the market is the lowest in a decade.
Photo credit: DTZ