New industrial buildings draw interest from firms seeking site near new East End Crossing
Jeffersonville, Ind. – America Place, a leading commercial real estate developer in Metro Louisville is wrapping up construction of its second, large industrial building at River Ridge Commerce Center and turning attention to additional development and construction on its campus.
America Place has just completed the purchase of another 52.5 acres to allow for additional development and has started construction on its third building at River Ridge. With the new land, America Place now owns nearly 150 acres or property on its River Ridge campus.
The company also has secured an option to buy an additional 10.5 acres adjoining its campus once that land is conveyed to the River Ridge Development Authority by the U.S. Army later this year.
“We love this location and are continuing to invest in its future,” said Debbie Smith, managing director of America Place. “The East End Bridge – just about 2 miles from our campus – will create a new corridor for commerce and logistics between Indiana and Kentucky when it opens next year. As the bridge takes shape, numerous businesses are telling us they want to be near this new corridor because it will improve access to the entire region.”
The nearly 253,000-square-foot Phase II building that is being completed joins a 150,000-square-foot facility that America Place built last year on its growing campus. The first building was leased to Tenneco Inc., a Fortune 500 automotive supplier that is adding more than 250 manufacturing jobs at the site.
Phase III, located at the intersection of Salem Road and Trey Street, will be completed late this year. It will be about 200,000 square feet.
America Place is in negotiations with several potential tenants for Phase II and Phase III but no leases have been signed for the buildings.
Overall, America Place plans to invest more than $100 million to develop its campus. It is working closely with One Southern Indiana, the State of Indiana and the River Ridge Development Authority to attract new and growing businesses to the site.
“We are creating a vibrant place for businesses to call home,” Smith said. “Our central location, combined with the strong business environment, is causing companies from around the world to take notice of Southern Indiana.”