NAI Fortis Group Represents Buyer in Purchase of Industrial and Office Building on Magnolia Avenue
NAI Fortis Group assisted Executive Elevator Company in the identification and acquisition of a 22,000 sf industrial and office building located at 812 Magnolia Avenue in Louisville, Kentucky. Executive Elevator Company will occupy the majority of the space while existing tenants, Athens Commercial Door & Hardware, Inc. and Emco Enterprises Inc., a commercial painting company, will occupy the remaining space.
Executive Elevator is a full service elevator company servicing the Ohio Valley and Tennessee. The 2nd generation family business recently completed projects at JB Speed Art Museum, Germantown Mill Lofts and Norton Commons in Louisville. The move will allow the company to consolidate two current locations and focus on the continued growth of their commercial and residential elevator business.
Clay F. Manley III, of NAI Fortis Group, represented the buyer in this transaction. NAI Fortis Group is a full-service commercial real estate firm in Louisville, part of NAI Global, one of the world's leading providers of commercial real estate services. NAI Global manages a network of 6,700 professionals in 375 offices within 55 countries worldwide, bringing together people and resources wherever needed to deliver outstanding results for clients. Over $45 billion in transactions annually are completed by the network.