RIVERPORT, KY-Kentucky Trailer, a maker of custom truck trailers for industries such as movers and automotive transport, is moving from its Louisville, KY location to an existing 240,000-sf facility in the Jefferson Riverport industrial park. Company officials tell GlobeSt.com that the firm will likely double its space on the new site within a few years. The relocation will initially cost about $18.5 million.

The company has been on its 33-acre property at 2601 S. Third St. for 130 years, starting as the Kentucky Wagon Manufacturing firm. However, the company needed to expand, and the parcel is surrounded by the University of Louisville. “We’re now in about 450,000 sf, but it’s spread out around several buildings. We knew we needed to move to other buildings with more open spans, to help us better serve the market,” says Charles Ducas, VP and general manager at the company.

The University of Louisville Foundation has purchased the S. Third Street site for an undisclosed amount. The college president James Ramsey has not said how the property will be used, though in a statement he said, “it opens the door for a dramatic transformation as our Belknap campus grows from 287 acres to nearly 320 acres.”

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