Galena

Galena, IN · Business
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Molly Malone's Pubs In Louisville, Covington Hit Market For $8.2 Million
The real estate under two of the region's longest-running Irish pubs just hit the market for a combined $8.2 million, though the beer taps aren't going dry anytime soon. Molly Malone's locations in Louisville's Highlands neighborhood and across the river in Covington are being marketed together, with the properties — not the restaurants — up for grabs.
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Kimco Realty Completes $295M Acquisition of Louisville Retail Centers
Kimco Realty acquired Paddock Shops and Shelbyville Road Plaza, two grocery-anchored shopping centers in Louisville, for $295 million. The properties total over 741,000 square feet and are anchored by Trader Joe’s and The Fresh Market. Paddock Shops is 94% leased; Shelbyville Road Plaza is 92% leased. “Paddock Shops and Shelbyville Road Plaza are exactly the kind of centers we want to own: grocery-anchored, in the strongest trade areas of a supply-constrained market,” said Conor Flynn, Chief Executive Officer of Kimco Realty. “These centers also offer meaningful embedded upside through the recapture of below-market leases and the opportunity to further enhance the tenant mix with dynamic brands and specialty retailers.”