By Joel Stinnett – Senior reporter, Louisville Business First
Feb 19, 2025
The building that is home to Cerity Partners, one of Louisville’s largest asset management firms, is for sale.
The 65,000-square-foot facility is located at 2201 High Wickham Place and was put on the market last week for $18.1 million, or $279 per square foot, according to a post on Loopnet.
The building is owned by Oreo 3 LLC, which has an address of 2000 High Wickham Place, suite 300, the same address as Schulte Hospitality Group. Schulte has a portfolio of more than 200 properties across 39 states, according to its website, most of which are hotels.
Justin Baker of TRIO Commercial Property Group is the listing agent for the property. Baker did not respond to a request for comment.
New York City-based Cerity Partners is the building’s tenant. Cerity recently renovated a 10,000-square-foot space on the first floor of the East End office for $4 million.
Cerity Partners is No. 7 on our list of the largest asset management firms in Louisville, with $4.83 billion in locally managed assets in 2023. Founded in 2009, the company provides investment and wealth management services to individual clients, families, businesses and nonprofit organizations.
Cerity’s Louisville office is home to the company’s Cerity Partners University, which provides on-site training for newly hired employees. Cerity did not respond to a request for comment.
Built in 2019, the building’s amenities include a landscaped courtyard, a four-to-one parking ratio and signage, according to the listing. Each floor is 21,667 square feet.
“This property offers investors a unique opportunity to acquire a high-quality asset with a financially sound and nationally recognized tenant in a desirable location. It is ideal for investors seeking a stable, long-term investment with significant potential for appreciation,” the listing states.
Cerity Partners entered the Louisville market in 2023 after purchasing Louisville-based ARGI Financial Group, which was one of the fastest-growing local companies at the time, reporting a 37.1% increase in revenue from 2019-21 to $46.2 million. Terms of the deal were not disclosed.
The acquisition created an independent wealth management firm that is top 10 in overall size in the U.S. with combined assets under management of more than $65 billion. Cerity serves 14,000 clients and has more than 900 employees working out of 30-plus offices in a 15-state footprint.
In 2023, Cerity Partners told Business First that its Louisville location would become a major operational hub for the company’s shared services, including human resources, information technology and compliance, while also housing its training programs.
At the time, the firm had nearly 180 employees working out of the three story office building, with expectations to double its Louisville headcount in three to four years.
