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31 Oct, 2024

Kentucky buildings up for auction: What does it mean for Justins’ House of Bourbon?

31 Oct, 2024 - Tranzon Asset Advisors

BY JANET PATTON AND BRIAN SIMMS

OCTOBER 31, 2024 11:01 AM |

 
Justins’ House of Bourbon, located at 601 W Main St, Wednesday, Oct. 30, 2024 in Lexington, Ky. The building, along with another in Louisville, is up for auction but the business is not for sale. Justins’ House of Bourbon specializes in vintage spirit sales.

Justins’ House of Bourbon, located at 601 W Main St, Wednesday, Oct. 30, 2024 in Lexington, Ky. The building, along with another in Louisville, is up for auction but the business is not for sale. Justins’ House of Bourbon specializes in vintage spirit sales. Brian Simms

 

A Kentucky bourbon store that's faced legal challenges over the last two years is about to go through more upheaval:  The store buildings are for sale.
 
Both the Lexington and Louisville buildings that house Justin's House of Bourbon, which specializes in vintage spirits, are being sold.
 
But, according to a sign on the property in Lexington, the business is not for sale.  Justin's owners declined to comment for this story.
 
JUSTIN'S HOUSE OF BOURBON CASE
 
The move comes four months after business owners Justin Thompson and Justin Sloan settled a long-running case with Kentucky Department of Alcoholic Beverage Control that involved three raids and the seizure of hundreds of bottles of Blanton’s, Weller and vintage distilled spirits. In June, they agreed to pay a $25,000 fine and forfeit 120 bottles of bourbon and other whiskeys to Kentucky ABC.
 
As part of the June 12 settlement of the 18-month, high-profile case, Kentucky ABC allowed Justins’ House of Bourbon to receive a new Vintage Distilled Spirits retailer license without admitting fault to any of the nine violations of spirits law that the state had alleged occurred. The state and Justins’ also submitted a joint motion to dismiss a restraining order in place in Franklin Circuit Court that had prevented Justins’ from selling any of the contested bottles. Franklin Circuit Judge Thomas D. Wingate signed the agreed order on June 20, clearing the way for 500-plus bottles to go back on shelves.
 
Now the buildings at 601 & 605 West Main St. in Lexington and 101 & 103 West Market St. in Louisville are being auctioned.
 
But the move has nothing to do with the previous legal problems.
 
According to an agent for Tranzon Asset Advisors, which is handling the auctions, both stores are staying as tenants and will remain open.
 
The buildings and the businesses are separately owned.
 
The auctions, which also involve the Old Carter Distillery and private bourbon club in Louisville, come as part of a divorce settlement between property owners Mark and Sherri Carter.
 
Online bidding on the Lexington building opens Nov. 15 at noon and closes at 3 p.m. Nov. 19,  according to the listing. Sealed bids are due on the Louisville property by 4 p.m. Dec. 10, according to the listing. Bids on the Louisville distillery, which is currently not operating, also are due Dec. 10, according to the listing.
 
 

 

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