{"id":1004590716,"date":"2022-07-11T03:44:21","date_gmt":"2022-07-11T11:44:21","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004590716"},"modified":"2022-12-09T02:16:41","modified_gmt":"2022-12-09T10:16:41","slug":"vantrust-to-break-ground-on-ohio-industrial-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/vantrust-to-break-ground-on-ohio-industrial-project\/","title":{"rendered":"VanTrust to Break Ground on Ohio Industrial Project"},"content":{"rendered":"
\"VanTrust<\/a>

New Albany Tech Park site. Image courtesy of City of New Albany<\/p><\/div>\n

VanTrust <\/strong>has added another industrial project to its development pipeline within Ohio\u2019s New Albany International Business Park. The developer will start construction immediately on New Albany Tech Park, an industrial development situated on a 500-acre site in New Albany, Ohio.<\/p>\n

The project will be located within New Albany International Business Park, a 6,000-acre business park being developed by The New Albany Co<\/strong>. that has already attracted more than $6 billion in private investment. Including New Albany Tech Park, Vantrust has a number of other projects that will be breaking ground before the end of 2022, all of which are expected to be completed by the end of 2023.<\/p>\n

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READ ALSO<\/strong>: Industrial Market Pulling Ahead Despite Headwinds<\/a><\/p>\n

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New Albany Tech Park will be located just south of an upcoming Intel chip plant. Andy Weeks, executive vice president of VanTrust, said in prepared remarks that the industrial property will benefit from the infrastructure that\u2019s currently underway at the Intel semiconductor manufacturing facility. Weeks also said in prepared remarks that the New Albany Tech Park would appeal to Intel suppliers and other companies.<\/p>\n

Building out the business park<\/h2>\n

Along with New Albany Tech Park, VanTrust is currently working on its seventh and eighth industrial building in the city since 2019. Those two projects are both situated within the New Albany International Business Park. VanTrust broke ground on Innovation III, a 302,400-square-foot speculative industrial building, and New Albany 525, another speculative industrial project that will measure 524,524 square feet. Both developments are expected to deliver by the end of the year.<\/p>\n

Bill Ebbing, president & CEO of The New Albany Co., said in prepared remarks that in most cases, VanTrust secures leases for the buildings in the business park before they\u2019ve been completed. Outside its industrial projects in Ohio, VanTrust is also working on a pair of industrial parks<\/a> totaling 2.5 million square feet, located in Avon, Ind., and Mount Comfort, Ind.<\/p>\n","protected":false},"excerpt":{"rendered":"

New Albany Tech Park will be situated near Intel\u2019s semiconductor manufacturing campus.<\/p>\n","protected":false},"author":883,"featured_media":1004590750,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,22251,21748,13,21742],"tags":[33102],"class_list":["post-1004590716","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-in-focus","category-industrial","category-midwest","category-latest","tag-vantrust-real-estate"],"acf":[],"yoast_head":"\nVanTrust to Break Ground on Ohio Industrial Project - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"New Albany Tech Park will be located on a 500-acre site in New Albany, Ohio, that\u2019s just south of a recently disclosed Intel chip plant.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/vantrust-to-break-ground-on-ohio-industrial-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"VanTrust to Break Ground on Ohio Industrial Project\" \/>\n<meta property=\"og:description\" content=\"New Albany Tech Park will be located on a 500-acre site in New Albany, Ohio, that\u2019s just south of a recently disclosed Intel chip plant.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/vantrust-to-break-ground-on-ohio-industrial-project\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-11T11:44:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T10:16:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/07\/New-Albany-Tech-Park-Site-Map.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"855\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jackson Chen\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/vantrust-to-break-ground-on-ohio-industrial-project\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/vantrust-to-break-ground-on-ohio-industrial-project\/\",\"name\":\"VanTrust to Break Ground on Ohio Industrial Project - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/vantrust-to-break-ground-on-ohio-industrial-project\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/vantrust-to-break-ground-on-ohio-industrial-project\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/07\/New-Albany-Tech-Park-Site-Map.jpg\",\"datePublished\":\"2022-07-11T11:44:21+00:00\",\"dateModified\":\"2022-12-09T10:16:41+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/8d4607aca26f3427c49fe54ddc82ddf1\"},\"description\":\"New Albany Tech Park will be located on a 500-acre site in New Albany, Ohio, that\u2019s just south of a recently disclosed Intel chip plant.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/vantrust-to-break-ground-on-ohio-industrial-project\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/vantrust-to-break-ground-on-ohio-industrial-project\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/vantrust-to-break-ground-on-ohio-industrial-project\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/07\/New-Albany-Tech-Park-Site-Map.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/07\/New-Albany-Tech-Park-Site-Map.jpg\",\"width\":855,\"height\":600,\"caption\":\"New Albany Tech Park site. 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