Current360 to move from Butchertown to new Downtown office
- Current360, a Louisville-based advertising agency, is moving to a new Downtown location at 137 W. Muhammad Ali Blvd.
- The move will take place on June 29 from their current office in the Bakery Square building on E. Washington St.
- The company has been serving Louisville for nearly 40 years, providing media, digital, social media, and video services.
- Current360’s new office will occupy nearly 6,000 square feet and is deemed move-in ready with minimal renovations required.
- The move was necessitated by the sale of the Bakery Square building, with the new owner planning to convert it into a boutique hotel.
- Current360’s President, Nick Ising, expressed excitement about the move, citing the vibrant Downtown environment and proximity to clients.
- The company, which currently has 12 employees, plans to expand its team.
- Current360 became an employee stock ownership plan (ESOP) in 2009, and its 2021 income was reported at $1.4 million.
Summary:
A Louisville-based company is preparing to relocate from its long-standing office space to a newly acquired building in Downtown. Current360, an advertising agency that has been serving the Louisville area for nearly four decades, has announced its plans to move its operations to 137 W. Muhammad Ali Blvd. The transition is scheduled to take place on Thursday, June 29, as the company bids farewell to its current location at 1324 E. Washington St. in the Bakery Square building. Over the years, Current360 has established itself as a reputable agency, offering a range of services including media management, digital marketing, social media engagement, and video production. Notable clients they have worked with include Trilogy Health Services, First Harrison Bank, and YMCA of Greater Louisville.
The new building will provide Current360 with approximately 6,000 square feet of office space, which is slightly smaller than their existing premises in Butchertown. Nick Ising, the President of Current360, expressed his satisfaction with the move, stating that apart from setting up a recording studio, the new office is essentially move-in ready. Ising explained, “One of the things that we liked about 137 [W. Muhammad Ali Blvd.] is, I mean, it was literally move-in ready. We’re taking down our sound booth… we’re taking that down and reinstalling it in the new space, and that’s pretty much it.” Consequently, the company did not need to invest in extensive renovations or incur significant financial costs for the new office. Current360 collaborated with Sam Gray, a senior associate at Cushman & Wakefield | Commercial Kentucky, to facilitate the relocation process.
The decision to move arose due to new development plans for the Bakery Square building. According to public records, the Bakery Square building was sold in March to Bakery Square Suites LLC for $2.75 million. The property was previously owned by Current Properties LLC, a company registered to Rick Schardein. Schardein, who founded Current360 Inc. in 1984, retired from the company in December. As the current President of Current360, Ising, who has been with the company since 1986, assumed the role of CEO in 2013.
The new owner of the building, local developer Todd Troy, intends to transform it into an 11-room boutique hotel named the Bakery Square Hotel. Occupying only approximately 6,000 square feet on the first floor of the expansive 30,000-square-foot building, the hotel will incorporate Current360’s office space as well.
Ising acknowledged that while the team at Current360 has enjoyed their time in Butchertown since 1985, they are also excited about the prospects of being in Downtown. Ising remarked in an email, “Being Downtown will be more exciting, and [we’re] even in walking distance to a couple of clients. And, as a fifth-generation Louisvillian (my great-grandparents operated a bakery at 620 E. Market), I think it’s important to support the Downtown area.”
Currently, Current360 has a team of 12 employees and plans to expand its workforce to accommodate its growing client base. The company transitioned to an employee stock ownership plan (ESOP) in 2009, allowing its employees to hold shares in the company. Louisville Business First research indicates that Current360 achieved an income of $1.4 million in 2021.
