VanTrust Opens New Albany Development Ideal for Chip Mill Suppliers
We are excited to move forward with a new business park which will bring even more jobs and contribute to continued growth in the region. The proximity of this park will make it very attractive to Intel’s suppliers as well as other companies.
July 11, 2022
Commercial real estate developer VanTrust Real Estate, LLC. is pleased to announce plans for a new development, New Albany Tech Park, located within the New Albany International Business Park. Located on 500 acres just south of Intel’s recently disclosed plans to build a new chip factory in New Albany, VanTrust is expected to break ground on several projects before the end of 2022, with completion expected by the end of 2023. Total construction could reach five million square feet.
“We continue to show incredible momentum in the New Albany area, recognizing that it is a prime location for business development, and we are excited to move forward with a new business park that will create even more jobs and contribute to continued growth within the region,” said Andy Weeks, Executive Vice President of VanTrust. “Our park will benefit from the huge amount of infrastructure currently underway as part of Intel’s semiconductor fab. The proximity of this park will make it very attractive to Intel’s suppliers as well as to other companies.
“VanTrust has been a trusted partner in the New Albany International Business Park, delivering high quality development that has attracted new businesses to market, as well as expansions of existing businesses. In most cases, VanTrust leased the spaces before the buildings were completed,” said Bill Ebbing, president and CEO of The New Albany Company, developer of New Albany International Business Park. “VanTrust shares our commitment to strategically planned, high-quality development, so we are very pleased to work with them to meet the growing demand in this new area of the business park.”
VanTrust’s momentum in the New Albany area is unprecedented as the company is currently building its seventh and eighth industrial buildings there since 2019, with buildings ranging from 250,000 to 768,000 square feet. Several are located inside the New Albany International Business Park, a Class A park with one of the most robust fiber optic networks in the region.
“New Albany is a fantastic community in which businesses can grow with high-quality infrastructure and access to top talent,” said Michael Loges, director of economic development for New Albany. “VanTrust has become a valued partner in the expansion of New Albany International Business Park with more than half a dozen projects announced, under construction or completed in New Albany alone over the past few years. VanTrust has a reputation for working well with the City to exceed the expectations of potential tenants while respecting schedules. Now, as the New Albany community positions itself to welcome a cadre of new, industry-leading manufacturers and suppliers, we’ll have a partner who understands the city’s process and delivers excellent sites.
“We appreciate VanTrust’s continued investment in the Columbus area. Dozens of companies supply Intel’s manufacturing operations and many have to locate nearby for quick access. This industrial park will help ensure that Intel can receive this support when the New Albany factories are operational,” said Kenny McDonald, president and CEO of the Columbus Partnership.
About VanTrust Real Estate
VanTrust Real Estate, LLC is a full-service real estate development company. The company acquires and develops real estate assets for the Van Tuyl family portfolio and offers a wide range of real estate services, including acquisition, disposal, development, development services and asset management. Product types include office, industrial, multi-family, retail, institutional, government, hospitality and leisure. VanTrust works nationwide with regional offices in Columbus, Dallas, Phoenix and Jacksonville with headquarters in Kansas City, Missouri. For more information visit http://www.vantrustrealestate.com
About the New Albany Company
Founded in 1987 as a private partnership, The New Albany Company is the primary developer of New Albany, a nationally recognized, strategically planned community in central Ohio that includes a vibrant downtown and cultural district, high quality schools, a country club community and a thriving business park. Together with civic leadership, The New Albany Company has spearheaded the growth and development of New Albany International Business Park, one of the nation’s largest and fastest growing business parks and home to several Fortune 100 companies representing over $8 billion in private equity. investment.
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