From Sale to Acquisition: The Close of a 2-Year Project

T&V Enterprises, a Louisville-based commercial real estate investment group, marked the culmination of a successful 2023 with the strategic engagement of Clay Manley and Mark Wardlaw from NAI Fortis Group. This collaboration was instrumental in the seamless disposition of T&V Enterprises’ 12,000-square-foot net-leased industrial/retail property. The property, currently occupied by Memphis-based heavy truck parts supplier, Truckpro, was sold at a compelling sub-6 capitalization rate.

The conclusion of this transaction signifies the capstone of an exciting 2-year project, which commenced with the initial sale by NAI Fortis client Baptist Health. T&V Enterprises spearheaded the redevelopment efforts, securing a lease with NAI Fortis and Foundry Commercial client Truckpro, and ultimately achieving a successful acquisition by California-based investor East LA Properties. The entire process was deftly brokered by the seasoned professionals at NAI Fortis Group.

This project serves as a shining example of NAI Fortis’ ability to consistently leverage robust relationships within the Louisville market and beyond. The team’s commitment to excellence not only meets but exceeds market norms, providing unparalleled value and results for their clients.

---

Submitted by Clay F. Manley III.

Thank you for taking the time to read our article. We hope you’ve found it both informative and engaging. Stay updated with our latest news and developments in the real estate world by following us on social media. We’d love to hear from you and value your input!

Instagram: @naifortisgroup
Facebook: @kynaifortisgroup
X (Twitter): @naifortisgroup
Linked-in: @naifortisgroup