(Louisville, Kentucky) – June 18, 2021 Local Real Estate Investment/Development firm, Kaden Companies, has acquired the Galleria of St. Matthews. Located at 4101 Oeschli Avenue, The Galleria is situated between Sears and Thierman Avenues with visibility from Shelbyville Road. Kaden’s plans to fully redevelop the property, which sits on 2 acres in the heart of St. Matthews, include 23,000 square feet of ground-floor retail space, and a proposed second floor with 4,000 – 10,000 square feet of office or medical space.
The former Galleria of St. Matthews building was condemned in 2019 after issues with the truss system caused a roof collapse. The once-bustling strip has stood empty for two years. Kaden Companies is eager to build a welcoming new space in which businesses can flourish.
“We are thrilled to work on the redevelopment of the site,” said Alexander Blieden, Executive Vice President of Kaden Companies. “St. Matthews is one of the highest barrier to entry markets in the city. The positioning of the site will give us an opportunity to cultivate a unique mix of restaurant, retail, medical, and service-oriented tenants. We anticipate beginning construction before year-end.”
Kaden Companies is a real estate investment and development firm that has been in business locally for over forty years. Some of their key area holdings include Holiday Manor Shopping Center, Cedar Springs Shopping Center, Jefferson Ridge in Jeffersonville, Indiana, and South Park Shopping Center in Lexington, Kentucky.
For information about the property or to set up an interview, contact Linda Schuster at 502-592-5400 or linda@qtheagency.com.
ABOUT KADEN COMPANIES
Kaden Companies is a privately held commercial real estate company with a historic track record of successfully investing and developing retail property in the Midwest and Southeast regions. For over four decades, they have brought comprehensive market expertise and thoughtful insight to an investment and development process that focuses on creating the most value for the people and businesses they serve.
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