National City Tower

Property Overview

National City Tower was built in 1972 and contains 723,300 square feet on forty floors. The property is situated on a 2.58 acre site on the northwest corner of the prominent intersection of Fifth and Main Streets in close proximity to the Ohio River, evolving Main Street Corridor and all other Class A Central Business District (CBD) buildings. The building is among the tallest in the city and has commanding views in all directions. National City Tower provides easy access to Louisville International Convention Center, the Louisville Medical Center and Center arena. Bounded by Fourth, Fifth, Market and Main streets, the Property is accessible via three primary interstates (I-71, I-64 and I-65), which provide short commute times to Louisville’s most affluent residential neighborhoods as well as the Louisville International Airport.

Investment at a Glance

Location: Louisville, KY

Property Type: Class A Office

Acquisition Date: December 17, 2010

Purchase Price: $115,000,000

Sale Date: February 13, 2015

Sale Price: $127,250,000

No. of Buildings: 1

No. of Stories: 40

Square Footage: 723,300 SF

Year Built: 1972

Leased Percentage (at the time of Acquisition): 96%