Noting New Albany’s “incredible momentum,” VanTrust executives have announced plans for a new development, New Albany Tech Park that will be located in the New Albany International Business Park just south of Intel’s planned semiconductor manufacturing campus. VanTrust expects to break ground on multiple projects within the tech park before the end of 2022, with completion expected by the end of 2023. The total buildout could reach five 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. “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 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 keeping projects on schedule.
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. 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 and triple feed electric capabilities.
“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.