Taylorhurst Shopping Center, the 63,164-square-foot retail strip at the northwest corner of South Hurstbourne Parkway and Taylorsville Road, has new owners. Cincinnati-based Last Mile Investments has acquired the East Louisville property and is already lining up repairs and upgrades for the long-running neighborhood center.
Before the sale closed, Taylorhurst carried a tax assessment of $13.1 million from the Jefferson County Property Valuation Administrator, according to Louisville Business First. Last Mile is a Cincinnati-based investment group that has made unanchored, e-commerce-resistant neighborhood retail its specialty nationwide.
Once the deal closed, Last Mile moved fast with plans for physical improvements at the property, including parking lot repairs, upgraded LED lighting, a full exterior paint refresh, and a second freestanding pylon sign, the same report notes. Those upgrades align with the firm's broader strategy of revitalizing older strip centers rather than redeveloping them from scratch.
Local Brokerage Takes Over Leasing
Louisville-based TRIO Commercial Property Group has been tapped to lead leasing at Taylorhurst under the new ownership, marketing available storefronts ranging from 1,800 to 8,100 square feet, per the same account. How quickly those remaining vacancies fill out remains an open question for the center going forward.
Taylorhurst already houses several national retailers alongside tenants like KORT Physical Therapy and Chuck E. Cheese. The center also picked up international dining concept New Freezeland in late 2025, which invested $125,000 into an interior buildout at 2116 S. Hurstbourne Parkway, Louisville Business First reported at the time.
Why the Site Caught an Out-of-Town Buyer's Eye
The appeal for an outside investor largely comes down to traffic. Roughly 44,000 vehicles pass directly on the thoroughfares surrounding Taylorhurst each day, while the broader Hurstbourne Parkway and Taylorsville Road intersection sees about 96,375 vehicles daily, according to property listing data from LoopNet. The center also sits inside a dense East Louisville retail hub, shadowed by the Kroger-anchored Stony Brook Shopping Center and the Walmart-anchored Town Fair Center, with Target, The Home Depot and AMC Theatres nearby, LoopNet's property records show.
Taylorhurst is among the retail assets Hagan Properties has sold, according to company records from Hagan Properties. The Taylorhurst deal is not Hagan's only major disposition of 2026. Earlier this year, the firm sold the 525,000-square-foot Middletown Station shopping center in East Louisville for $42 million, Louisville Business First reported, suggesting a broader reshuffling of the developer's longtime retail portfolio.
A National Buyer With Growing Ambitions
Last Mile Investments was founded in late 2019 by former Phillips Edison & Co. executives Ryan Moore and David Birdsall, with a specific focus on acquiring unanchored neighborhood retail centers filled with service tenants resistant to online competition, according to the Cincinnati Business Courier. The firm has raised $310 million across three investment funds and acquired more than 60 retail shopping centers nationwide since its founding, with plans to grow assets under management from nearly $1 billion to $2 billion by 2028, the San Antonio Business Journal reported earlier this month.
The Taylorhurst purchase lands amid a stretch of turnover along the Hurstbourne Parkway corridor. International grocer Saraga recently moved into the old Lucky's Market spot nearby, as Hoodline reported, while a revolving sushi concept has been filling a former Bob Evans location in the same East Louisville submarket. Vinaigrette Salad Kitchen, meanwhile, shut its last Louisville store in September and retreated to Lexington, underscoring how much tenant mix along the corridor continues to shift even as new ownership moves in at Taylorhurst.
