Press Releases
Marcus & Millichap Auctions Chewy, Inc. Office Property in Louisville, Kentucky
September 08, 2026
LOUISVILLE, Ky., Sept. 8, 2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a mission-critical pharmacy script validation, call center and training facility leased to Chewy, Inc. in Louisville, Kentucky.
“The property’s role within Chewy’s pharmacy operations and the tenant’s position as the No. 1 online pet retailer in the United States, generated strong interest from qualified investors through the auction process,” said Daniel Greenamyre, senior director investments.
Greenamyre, investment specialist in Marcus & Millichap’s Kansas City office, in association with Michael Glass, Marcus & Millichap’s Kentucky broker of record, had the exclusive listing to market the property on behalf of the Chicago-based seller.
Greenamyre collaborated with Paul Casella and Derek Schuster of the Auction Services team at Marcus & Millichap to successfully execute the online auction, generating performance 30% above the average for comparable properties. The marketing campaign generated strong engagement among qualified buyers, creating a competitive bidding environment that ultimately resulted in a successful sale and a 30-day, non-contingent closing.
Located at 3621 Fern Valley Road, the 25,274-square-foot property serves as Chewy’s national intake and clinical validation hub. The property supports Chewy’s compounded pharmaceuticals business and is positioned within a regional logistics corridor near Interstate 65. It is leased to Chewy, Inc. under a corporate-guaranteed lease with approximately 3.25 years remaining on the initial term and two five-year renewal options.
“The property’s role within Chewy’s pharmacy operations and the tenant’s position as the No. 1 online pet retailer in the United States, generated strong interest from qualified investors through the auction process,” said Daniel Greenamyre, senior director investments.
Greenamyre, investment specialist in Marcus & Millichap’s Kansas City office, in association with Michael Glass, Marcus & Millichap’s Kentucky broker of record, had the exclusive listing to market the property on behalf of the Chicago-based seller.
Greenamyre collaborated with Paul Casella and Derek Schuster of the Auction Services team at Marcus & Millichap to successfully execute the online auction, generating performance 30% above the average for comparable properties. The marketing campaign generated strong engagement among qualified buyers, creating a competitive bidding environment that ultimately resulted in a successful sale and a 30-day, non-contingent closing.
Located at 3621 Fern Valley Road, the 25,274-square-foot property serves as Chewy’s national intake and clinical validation hub. The property supports Chewy’s compounded pharmaceuticals business and is positioned within a regional logistics corridor near Interstate 65. It is leased to Chewy, Inc. under a corporate-guaranteed lease with approximately 3.25 years remaining on the initial term and two five-year renewal options.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
