Tenants have already called dibs on New Albany 300, a 300,400‑square‑foot industrial building still under construction inside the New Albany International Business Park, with VanTrust Real Estate confirming the project is fully leased ahead of its June delivery. The deal is landing just as the developer turns dirt on another speculative building in New Albany and lines up a second spec project in southwest Columbus.
In a company release, VanTrust Real Estate said New Albany 300, at 12550 Jug Street NW, will deliver 300,400 square feet and is scheduled to complete in June 2026. “VanTrust’s commitment to thoughtful, community‑focused development continues to drive strong results,” Anna Brown, the firm’s Columbus director, said in the announcement, framing the early lease‑up as proof the bet on speculative industrial space is paying off.
VanTrust has also broken ground on New Albany 302, a 302,400‑square‑foot speculative facility and the final development within the company’s 500‑acre New Albany Tech Park, according to Connect CRE. That project is slated for completion in December 2026, with Gordian Construction serving as general contractor and Colliers brokers Michael Linder and Jonathan Schuen leading leasing for the building.
BoltonTwo A Southwest Columbus Play
On the opposite side of the metro, VanTrust is gearing up to break ground on BoltonTwo, the second of two speculative industrial buildings next to Bolton Field, with plans to deliver 338,290 square feet. The company expects construction to start in May and target delivery in January 2027. RED Architecture designed the Bolton projects, and Pepper Construction will serve as general contractor, while leasing will be handled by Beau Taggart of KBC Advisors and Mike Hurd of Cushman & Wakefield, according to VanTrust.
Why New Albany Still Draws Tenants
Industry watchers and local officials point to the region’s fast‑building logistics and manufacturing cluster as the engine behind all this activity. Intel’s planned semiconductor campus and massive recent deliveries such as DSV’s 1.2‑million‑square‑foot warehouse are helping fuel demand for modern bulk space that tenants can occupy quickly.
The New Albany Company and city filings also spotlight incentives such as 15‑year, 100% property‑tax abatements that make speculative industrial projects pencil out more easily for developers and prospective tenants alike. Those perks, paired with the region’s momentum, help explain why New Albany 300 is spoken for before it opens and why more speculative buildings are already on deck.
With New Albany 300 fully leased and additional spec supply underway, VanTrust is moving quickly to convert remaining parcels in the tech park into large, modern logistics facilities. City officials and market brokers say the brisk pace of deals underscores how tight the market is for move‑in‑ready, Class A bulk space across Central Ohio.
