{"id":1004595937,"date":"2022-08-08T02:26:08","date_gmt":"2022-08-08T10:26:08","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004595937"},"modified":"2022-12-09T00:29:41","modified_gmt":"2022-12-09T08:29:41","slug":"vantrust-breaks-ground-on-1-msf-industrial-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/vantrust-breaks-ground-on-1-msf-industrial-project\/","title":{"rendered":"VanTrust Breaks Ground on 1 MSF Industrial Project"},"content":{"rendered":"
\"\"<\/a>

Gateway 1000. Image courtesy of VanTrust Real Estate<\/p><\/div>\n

VanTrust Real Estate<\/strong> is coming back for a third time to a master-planned development in Jeffersonville, Ind., to build another industrial property. The company broke ground on Gateway 1000, a 1 million-square-foot speculative development that benefits from a 10-year, 50 percent real estate tax abatement.<\/p>\n

The developer tapped RED Architecture<\/strong> to design the building, while Pepper Construction<\/strong> will serve as the project\u2019s general contractor. Completion is expected by summer 2023.<\/p>\n

Gateway 1000 is taking shape on 74.2 acres within River Ridge Commerce Center, a 6,000-acre master-planned development fronting Indiana Highway 62. When complete, the warehouse will have 100 dock doors and 40-foot clear heights. CBRE<\/strong>\u2019s Kevin Grove and Alex Grove are the property’s leasing agents.<\/p>\n

The development site is at the intersection of Paul Garrett Avenue and International Drive in the Louisville, Ky., metro area, some 3 miles north of Interstate 265. The location is near Gateway 700, another industrial building developed by VanTrust.<\/p>\n

VanTrust’s third industrial project in River Ridge<\/h2>\n

River Ridge Commerce Center came into being in 1998, on the former site of the Indiana Army Ammunition Plant. The River Ridge Development Authority invested more than $130 million in the area’s redevelopment into a master-planned home for manufacturing, distribution and industrial companies. The campus’ roster includes more than 60 tenants from a variety of industries, including aerospace, automotive, food and beverage, information technology, life sciences and logistics.<\/p>\n

For VanTrust, Gateway 1000 is the third River Ridge project and the fifth development in the Louisville area. The first was Gateway 600, a 592,800-square-foot distribution facility that was completed in 2018 and leased to Ingram Micro. The company returned to the master-planned industrial campus in 2020 to develop Gateway 700, a 703,000-square-foot speculative building that CTDI acquired in 2021.<\/p>\n

Since the beginning of the year, VanTrust has started work on several developments across the U.S. The firm recently broke ground on two industrial projects<\/a> located further north in Indiana and on a 4.5 million-square-foot industrial park<\/a> in Las Vegas.<\/p>\n

New Albany Tech Park<\/a>, an industrial project situated on a 500-acre site in New Albany, Ohio, is also on VanTrust’s development agenda. The campus will take shape just south of an upcoming Intel chip plant.<\/p>\n","protected":false},"excerpt":{"rendered":"

The speculative development is the company\u2019s third in this Louisville suburb.<\/p>\n","protected":false},"author":883,"featured_media":1004595941,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21808,21748,13,21742],"tags":[32789,35458,33102],"class_list":["post-1004595937","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-featured","category-industrial","category-midwest","category-latest","tag-cbre","tag-pepper-construction","tag-vantrust-real-estate"],"acf":[],"yoast_head":"\nVanTrust Breaks Ground on 1 MSF Industrial Project - CPE<\/title>\n<meta name=\"description\" content=\"VanTrust Real Estate broke ground on Gateway 1000, a 1 million-square-foot speculative development in Jeffersonville, Ind.\" \/>\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-breaks-ground-on-1-msf-industrial-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"VanTrust Breaks Ground on 1 MSF Industrial Project\" \/>\n<meta property=\"og:description\" content=\"VanTrust Real Estate broke ground on Gateway 1000, a 1 million-square-foot speculative development in Jeffersonville, Ind.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/vantrust-breaks-ground-on-1-msf-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=\"2022-08-08T10:26:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T08:29:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/08\/Gateway-1000.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\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-breaks-ground-on-1-msf-industrial-project\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/vantrust-breaks-ground-on-1-msf-industrial-project\/\",\"name\":\"VanTrust Breaks Ground on 1 MSF Industrial Project - 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