Commercial real estate developer VanTrust Real Estate, LLC has announced plans for a new development, New Albany Tech Park, located in the New Albany International Business Park (New Albany, Ohio). Located on 500 acres just south of the recently disclosed plans by Intel to build a new chip plant in New Albany, VanTrust is set to break ground on multiple projects before the end of 2022, with completion expected by the end of 2023. The total buildout could reach 5 million square feet.
“We continue to demonstrate 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 bring even more jobs and contribute to the continued growth within the region,” said Andy Weeks, executive vice president of VanTrust. “Our park will benefit from the massive amount of infrastructure currently under way as part of the Intel semiconductor manufacturing facility. The proximity of this park will make it highly attractive to Intel suppliers as well as other companies.”
“VanTrust has been a dependable partner in the New Albany International Business Park, delivering high-quality development that has attracted businesses that are new to the market, as well as expansions of existing businesses. In most instances, VanTrust has leased the spaces before the buildings have been completed,” said Bill Ebbing, president and CEO of The New Albany Company, developer of the New Albany International Business Park. “VanTrust shares our commitment to strategically planned, high-quality development, so we are very pleased to collaborate with them to meet the increasing 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 250,00 to 768,000 square feet. Several are situated inside the New Albany International Business Park, a Class A park featuring one of the most robust fiber optics networks in the region.
“New Albany is a fantastic community in which companies can grow with high-quality infrastructure and access to top-tier talent,” said Michael Loges, New Albany’s Economic Development Manager. “VanTrust has become a valued partner in the expansion of the New Albany International Business Park with more than a half dozen projects announced, under construction, or completed in New Albany alone within the last few years. VanTrust has a track record of working well with the City to exceed the expectations of prospective tenants while meeting schedules. Now, as the New Albany community positions itself to welcome a cadre of new advanced manufactures and suppliers, we’ll have a partner that understands the City’s process and delivers excellent quality sites.”
“We appreciate VanTrust’s continued investment in the Columbus Region. Dozens of companies supply Intel’s fab operations and many need to locate nearby for rapid accessibility. This industrial park will help ensure Intel is able to receive this support when the New Albany fabs are operational,” said Kenny McDonald, president and CEO of the Columbus Partnership.