A rendering of the DSV’s new facility on the New Albany Tech Park. Picture courtesy of VanTrust growth
VanTrust Actual Property is about to start development later this month on a 1.2 million-square-foot build-to-suit warehouse facility in New Albany, Ohio, the primary of a number of tasks anticipated at its New Albany Tech Park growth inside the New Albany Worldwide Enterprise Park.
The developer will construct the ability to be used by Danish transport large DSV, which can function the primary tenant on the property. The power, hitherto the most important element of the 482-acre, 5.5 million-square-foot growth and probably the most sizeable of its type in New Albany, is scheduled for supply in December 2024.
In 2022, VanTrust broke floor on Innovation II and New Albany 525, two properties inside the New Albany Worldwide Enterprise Park, measuring 302,400 sq. ft and 524,500 sq. ft, respectively.
A park inside a park
VanTrust had first introduced development of the economic campus in July of 2022. The property is situated on the intersection of Harrison and Clover Valley Roads, roughly 13 miles exterior Columbus. The power will sit inside 20 miles of a inhabitants of two.1 million residents, with a civilian labor power of 1.1 million.
The New Albany Worldwide Enterprise Park is a 9,000-acre, master-planned mixed-use growth that features workplace, industrial, retail and multifamily housing. Presently, the plan has attracted greater than $6 billion in investments throughout asset lessons, and present and future tenants embody Google, Meta, Amgen and American Electrical Energy.
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The constructing of DSV’s new digs is being overseen by Pepper Building, RED Architects and EMH&T, which can function the property’s basic contractor, architect and civil engineer, respectively.
The total build-out of the New Albany Tech Park will happen alongside 4 growth websites totaling roughly 2.1 million sq. ft, with the choice so as to add two further phases totaling 3.4 million sq. ft.
Buildings within the present growth space are supposed for rear-loaded industrial warehousing, in addition to logistics and flex places of work. The speculative tasks vary between 60,000 and 524,500 sq. ft and are capable of home as many as 128 dock doorways, alongside 4 drive-in doorways.
Coronary heart of the Silicon Heartland
As soon as accomplished, the property will sit inside metro Columbus’ “Silicon Heartland,” one of many largest tech-focused workplace and industrial districts within the Midwest, residence to a 1,000-acre, $20 billion Intel manufacturing campus, which is at the moment underway. The Intel campus can be situated adjoining to the New Albany Tech Park.
Earlier this yr, Amazon Net Providers paid $117 million to buy 400 acres in New Albany, for the development of recent information facilities. The acquisition was a part of a current $7.8 billion funding in Central Ohio.
