Horizon Commercial Realty Closes Land Sale for Cityscape Residential

LOUISVILLE, Ky. (July 11, 2018) – Horizon Commercial Realty recently closed on the sale of 38 acres at 1411 Tucker Station Road. Horizon’s Suzanne Cheek was the listing agent in the $3.6 million transaction.

Cityscape Residential, an Indianapolis-based development company, purchased the land and plans to construct a 370-unit apartment complex on 16 acres. Regions Bank provided a $39.6 million construction loan to facilitate the acquisition, and to develop the apartment complex. The property is located directly east of Bluegrass Industrial Park and north of Blankenbaker Station Business Park.

In addition to the Tucker Station Road transaction, Cheek has represented Cityscape Residential in several Louisville land acquisitions, including Apex on Preston, Flats at Springhurst and the new Axis on Lexington.

Horizon Commercial Realty is a full service commercial real estate brokerage and management firm. Horizon offers expertise in commercial sales, leasing, and property management services in the office, retail, and industrial arenas. Horizon is based in Louisville, Ky., and licensed in Kentucky and Indiana. For more information, visit https://www.hcrky.com.

Regions Financial Corporation (NYSE:RF), with $123 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, mortgage, and insurance products and services. Regions serves customers across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates approximately 1,500 banking offices and 1,900 ATMs. Additional information about Regions and its full line of products and services can be found at www.regions.com.

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