Construction will begin immediately, with the new industrial park adjacent to Intel’s planned semiconductor manufacturing campus.
Columbus, Ohio – July 6, 2022 – Commercial real estate developer VanTrust Real Estate, LLC. is pleased to announce 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.”
“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.
About VanTrust Real Estate
VanTrust Real Estate, LLC is a full-service real estate development company. The company acquires and develops real estate assets for the Van Tuyl family portfolio and offers a broad range of real estate services including acquisition, disposition, development, development services, and asset management. Product types include office, industrial, multifamily, retail, institutional, governmental, hospitality, and recreational. VanTrust works nationally with regional offices in Columbus, Dallas, Phoenix, and Jacksonville with its headquarters in Kansas City, Missouri. For more information, visit www.vantrustrealestate.com
About The New Albany Company
Established in 1987 as a private partnership, The New Albany Company is the primary developer of New Albany, a nationally recognized strategically-planned community in central Ohio that features a vibrant town center and cultural district, high quality schools, a country club community and a burgeoning business park. In collaboration with civic leadership, The New Albany Company has spearheaded the growth and development of The New Albany International Business Park, one of the largest and fastest growing business parks in the country and home to several Fortune 100 companies representing more than $8 billion in private investment.
New Albany has scored another win for its growing health and wellness industrial sector: A popular vitamin brand is building a factory to supply growing demand in the Eastern United States, creating 225 jobs. Pharmavite plans to invest $200 million to build a 200,000-square-foot to 250,000-square-foot manufacturing and bottling facility at 13312 Jug Street Road NW, after buying the land and receiving required permits… Continue Reading
Intel has long been committed to investing in local communities to help make them more vibrant for everyone. This includes a commitment to sustainability and minimizing its impact on the environment. Find out more by watching this video. See the Video
Intel is planning to invest more than $20 billion in the construction of two new leading-edge chip factories in Ohio to boost production to meet demand for advanced semiconductors, power a new generation of innovative products from Intel, and serve the needs of foundry customers.
Spanning nearly 1,000 acres in Licking County, just outside of Columbus, the “mega-site” can accommodate a total of eight chip factories as well as supporting operations and ecosystem partners.
Read the press release at the Intel website ›
On January 21, Intel announced that it has selected the Licking County portion of the New Albany International Business Park as the location for a $20 billion+ chip manufacturing project. The company plans to build two state-of-the-art factories by 2025. Intel’s selection of our business park will create many opportunities for New Albany, our region and the entire state, including:
- thousands of new manufacturing and construction jobs;
- new infrastructure in and around New Albany to support the project, including state funding to widen State Route 161;
- and an even stronger emphasis on STEM education opportunities for our local schools, as well as 2-year and 4-year colleges and universities throughout the state of Ohio.
Read more at NewAlbany.org
LICKING COUNTY, Ohio, Jan. 21, 2022 – Intel today announced plans for an initial investment of more than $20 billion in the construction of two new leading-edge chip factories in Ohio. The investment will help boost production to meet the surging demand for advanced semiconductors, powering a new generation of innovative products from Intel and serving the needs of foundry customers as part of the company’s IDM 2.0 strategy. To support the development of the new site, Intel pledged an additional $100 million toward partnerships with educational institutions to build a pipeline of talent and bolster research programs in the region.
Read more at the Intel website…
Keyvan Esfarjani, Guest Columnist | The Columbus Dispatch
More than 40 years ago, Intel broke ground on a new factory in a small agricultural town just outside of Phoenix, Ariz.
What began life as an empty patch of desert farmland has since become a manufacturing powerhouse with an annual economic impact of nearly $10 billion.
Today, Intel employs more than 12,000 people in Arizona and drives a vibrant community of supporting services and suppliers with a magnitude on the order of a small city.
Read more at The Columbus Dispatch…
Licking County, Ohio — January 21, 2022 — Ohio Governor Mike DeWine and Lt. Governor Jon Husted joined JobsOhio, One Columbus, and several local, state, and federal leaders to announce that leading global semiconductor manufacturer Intel Corporation has chosen a site in central Ohio’s Licking County as the future home for its most advanced semiconductor manufacturing facilities in the world. Intel plans to invest more than $20 billion to build two state-of-the-art factories by 2025, designed for what the company calls the “Angstrom era” — with materials processed on the atomic level — and with support for Intel’s most advanced process technologies, resulting in an increased American share of the global semiconductor supply chain.
Read more at the JobsOhio website…
On January 21, Intel announced that it has selected the Licking County portion of the New Albany International Business Park as the location for a $20 billion+ chip manufacturing project. The company plans to build two state-of-the-art factories by 2025. Intel’s selection of our business park will create many opportunities for New Albany, our region and the entire state, including:
- thousands of new manufacturing and construction jobs;
- new infrastructure in and around New Albany to support the project; and
- an even stronger emphasis on STEM education opportunities for our local schools, as well as 2-year and 4-year colleges and universities throughout the state of Ohio.
Read more at the City of New Albany website…
By Meghan Bobrowsky
Updated Jan. 21, 2022
Intel Corp. INTC 0.15% said it plans to invest at least $20 billion in new chip-making capacity in Ohio, bolstering the company’s semiconductor-production ambitions as greater demand for digital products and a global chip shortage have amplified the need for more manufacturing.
Intel said Friday it would invest in two new chip factories just outside Columbus, Ohio, to add to Intel’s effort to expand its chip-making business. The company has made more than $100 billion in investment pledges over the past year. Intel Chief Executive Pat Gelsinger said the site could eventually grow to accommodate eight chip factories, also known as FABs.
Read more at the Wall Street Journal website…