VanTrust begins construction on Innovation II in New Albany business park
ThisWeek group
Shovels went into the ground for construction of Innovation II, a second spec building to be constructed by VanTrust Real Estate LLC, but the facility already is 100% leased.
The 234,000-square-foot building in the New Albany International Business Park is expected to be completed in December.
“It’s a big win,” said Phil Rasey, company vice president of development. “We’re very happy with the activity out there.”
The tenant for Innovation II is Rieke, part of TriMas Packaging group, a designer and manufacturer of highly engineered closure and dispensing systems for both boutique manufacturers and other brands in the consumer-packaging and industrial-end markets.