Kentucky Cooperage buys property for more than $2 million

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By Stevie Lowery

Kentucky Cooperage recently purchased a piece of property, located right across the street from its current location on US 68 in Lebanon, for more than $2 million.

According to the deed filed in the Marion Circuit Clerk’s Office, SE,LLC (Elmer George, member) sold tract one of Lincoln Square Shopping Center Subdivision in Lebanon to Kentucky Cooperage for $2,125,000.

In December of 2017, Kentucky Cooperage signed an option to purchase the property.

The Enterprise asked officials with Kentucky Cooperage what the plans are for the property.

“Our long-term goal for the property is to add value for our tenants so they continue to prosper,” Teri Smith, marketing and communications director for Independent Stave Company, wrote in an email to the Enterprise. “The land was a solid investment for us with the proximity to our location. I will share plans with you when we are further down the road.”