A recent report on Louisville’s Business First website claims that Louisville-based company Industrial Services of America, Inc. has reached an agreement to buy commercial real estate adjacent to its Grade Lane operations. The company has agreed to buy the property from a company owned by Harry Kletter. Industrial Services, Inc. intends to buy two parcels of land from Harry Kletter Family Partnership LLC for 500,000 newly issued shares of Industrial Services’ common stock. According to a press release about the Louisville commercial real estate transaction, the deal is valued at $3.2 million based on Industrial Services’ current share price of $6.40. The parties expect the sale to close in August 2009. A portion of Industrial Services’ new metal shredder is currently located on parcels of the land in the deal and the company currently rents the land from Harry Kletter. Industrial Services, Inc. buys, processes and markets scrap metals and recyclable materials in addition to providing waste management programs for commercial clients. If you’re a business owner looking for Louisville commercial real estate to expand operations or an owner of Louisville commercial property looking to sell, contact the Louisville commercial real estate expert at Louisville Properties. They offer the full spectrum of commercial real estate services, including property management solutions that make owning investment property easy and lucrative. To contact the experienced Louisville commercial property professionals at Louisville Properties, fill out a contact form for a timely response or call them direct at 502.744.9504.