Louisville, KY Time Equities, Inc. (TEI), a full-service real estate firm with headquarters in New York City, has acquired 1419 Dixie Highway and 1735 W. Burnett Avenue, a two-building industrial portfolio for $6.525 million.
"The acquisition of 1419 Dixie Highway and 1735 W. Burnett Avenue aligns with TEI’s strategy of acquiring industrial properties in strategic locations at a low-cost basis,” said Max Pastor, COO of TEI. “These properties complement our existing investments in the region and strengthen our presence in a market with strong fundamentals and significant growth potential.”
The portfolio spans 373,488 s/f across 11.50 acres and is fully leased to Accu-Tec, a custom packaging company specializing in design, assembly, and packaging solutions.
Located 7.5 miles from the Louisville Muhammad Ali International Airport, 1419 Dixie Highway and 1735 W. Burnett Avenue possess exceptional connectivity. Positioned 2.3 miles from U.S. Interstate 65, these properties provide access to key cities such as Chicago, Indianapolis, and Nashville, making them situated for logistics and distribution.
The acquisition was spearheaded by the TEI Investment Team, led by Pastor and Brian Soto, director of acquisitions and asset management at TEI. For over a decade, Pastor and Soto have guided a dedicated team focused on acquiring industrial properties across the Northeast, Southeast, and Midwest. With deep expertise in identifying opportunities and repositioning assets, the Pastor/Soto Investment Team has built a strong track record in industrial, office, and multifamily property investments.
The seller was represented by Sal Ramundo, vice president, and Kyle Slattery, associate, of Colliers.
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