July 24, 2019
Hendon Properties and joint venture partner Harbert United States Real Estate Fund VI have sold Westport Village, a 169,515-square-foot lifestyle shopping center in Louisville for $30.3 million. Birmingham-based private real estate investment firm Wicker Park Capital Management acquired the asset.
Located near the intersection of Westport Road and Herr Lane, the center is less than a mile east of Interstate 264 in northeast Louisville. The tenant roster includes a collection of retail, restaurant and service-based tenants. Since acquiring the center, Hendon executed 13 new leases for a total of 56,000 square feet, and renewed 32 leases for a total of 102,000 square feet.
Hendon purchased the center in May 2016. The project was the second joint venture between Hendon and Harbert.
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