VanTrust to Break Ground on New Albany Development Ideal for Chip Plant Suppliers

Commercial real estate developer VanTrust Real Estate, LLC. announced plans for a new development, New Albany Tech Park, located in the New Albany International Business Park. 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 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. “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.”