Cushman & Wakefield | Commercial Kentucky Brokers Sale of Mid-City Mall in Louisville, Buyer Plans $60M Mixed-Use Redevelopment
Why this matters
Retail has become a quiet outperformer. A decade of effectively zero new development has left necessity-driven, grocery-anchored, and Sun Belt strip product with negligible vacancy and re-leasing spreads in the high single digits. Cap rates have compressed in step, and the bid for stabilized portfolios is again broad across REITs, pension funds, and institutional core-plus capital. The asset class has effectively rerated as a defensive yield trade rather than a secularly challenged sector.
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On the RET wire
- Disclosed retail deal value tracked in November 2026: $2.8B across 48 reported transactions. All Retail coverage →
- 73 stories mentioning Cushman on the wire in the past 90 days. Cushman coverage →
Computed from Real Estate Trail’s own tracked coverage
LOUISVILLE, KY. — Cushman & Wakefield | Commercial Kentucky has arranged the sale of Mid-City Mall, a 185,000-square-foot former shopping center in Louisville. The existing structure is scheduled for demolition in Jan…
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