Bowling Green, Ky. (December 10, 2015) – Today, officials from the Bowling Green Area Economic Development Authority (BGAEDA), Warren County and the City of Bowling Green, along with members of the Bowling Green Area Chamber of Commerce, the Inter-modal Transportation Authority (ITA) and Scott, Murphy & Daniel, LLC, celebrated the groundbreaking of Speculative Building VI at the Kentucky Transpark.
The building is scheduled to be completed in May and is the sixth speculative building to be constructed at the Transpark in the past seven years.
“The South Central Kentucky region offers a competitive location for companies that are looking to relocate or expand. The convenience and benefits of a building of this type provides companies with a facility that can be customized to fit their needs,” stated Tommy Adams, Chair-Elect of the BGAEDA. “Our successes with previous speculative buildings are a testament to this. We are proud to be a part of the development of the Kentucky Transpark and it is because of our partnership with TVA and the Inter-modal Transportation Authority that this project is possible. We appreciate their continued support.”
Before even breaking ground on Spec Building I in 2007, the EDA sold the structure to American Howa Kentucky. Since then, four more speculative buildings have been completed and purchased after being on the market for less than a year.
Most recently, TMS Automotive purchased Speculative Building V bringing $5 million in capital investment and 38 new, full-time jobs to the region. TMS Automotive chose the Transpark location to better serve Bowling Green clients.
“The Kentucky Transpark has played an integral part in the economic development and growth our region has experienced in recent years,” stated Gary Dillard, ITA Chairman. “The construction of Speculative Building VI will be yet another asset to the Transpark providing prospective companies with a potential location. We look forward to the day we welcome a new corporate citizen to the region and to the Kentucky Transpark.”
Over the next 10 years, the Kentucky Transpark will have a $5.3 billion economic impact on the region. As of September 2015, will employ more than 1,500 full time employees and boast annual wages of over $16,000,000.
“Not only is the Kentucky Transpark an important part of the business climate in the region but it is a vital part of the community. Without the collaboration among the organizations and leaders here, we would not have experienced the remarkable success we have seen in recent years,” stated Mayor Bruce Wilkerson.
Scott, Murphy & Daniel, LLC will serve as the building contractor for the project, with Sewell & Sewell serving as the building architect and Arnold Consulting Engineering Services, Inc. will be serving as the site engineer. The City-County Planning Commission of Warren County approved the detailed development plan for the project.
Speculative Building VI will be a pre-engineered steel structure with steel insulated panels spanning 108,000 SF. Situated on 17.6 acres, the occupant will be pre-approved for a 216,000 SF expansion with the option of expanding up to 432,000 SF with additional Detailed Development Plan approval. The building will meet the American Institute of Steel Construction Standards.
Other features of the building include:
- Dimensions: 300 feet X 360 feet
- Eaves Height: 38 feet
- Roof: 24-gauge steel standing seam metal roof with 8” vinyl faced batt insulated
- Walls: 24-gauge insulated sandwich panels and 8-foot block wainscot
- Floor: Four-inch dense grade aggregate; eight-inch concrete floor capable
- Foundation: reinforced concrete
- Columns: Two rows with 40 feet by 100 feet spacing
- Docks: One drive-in door and two docks installed; expandable by tenant to specifications
The Kentucky Transpark offers tenants access to rail service and major highways and is in close proximity to Interstate 65, International Airports and the Owensboro Riverport.
“There really is not better place to do business than South Central Kentucky,” stated Warren County Magistrate Darrell Traughber. “Having a state-of-the-art business park gives companies that choose to locate here a place to thrive. We are proud to be home to the Kentucky Transpark and look forward to its continued development.”
South Central Kentucky has had an outstanding year in economic development, with twenty-two economic development announcements for a total capital investment of $899,777,235 and 1,004 jobs. In just this year alone, we have earned 94% of the expansion investment it has taken us over a decade to earn. Similarly, we currently have two of the top five investment projects in the state and the second largest manufacturing expansion in the state by. South Central Kentucky represents 35% of the total investment for manufacturing expansion projects and 25% of the total investment for manufacturing location projects in Kentucky for 2015.
For more information on the Kentucky Transpark and Speculative Building VI, contact Bowling Green Area Chamber of Commerce President and CEO, Ron Bunch, CEcD at email@example.com or (270) 781-3200.
About the Bowling Green Area Chamber of Commerce:
Incorporated in 1935, the Bowling Green Area Chamber of Commerce is a 5-Star Accredited Chamber by the U.S. Chamber of Commerce and was named the 2009 Chamber of the Year by the American Chamber of Commerce Executives. As the fourth largest chamber in Kentucky, the Chamber serves as a premier business advocate for its more than 1,200 partners and is the driving force for economic development in South Central Kentucky. Its primary goals are to promote growth and success in the business community, reaching its small business partners and those in large industries alike. With leadership programs, governmental relations projects, educational initiatives and involvement opportunities, the Chamber aims to support the community and its neighbors in order to enhance the business climate and continue to grow the region.