Bowling Green Area Economic Development Authority cuts ribbon for fifth Speculative Building in the Kentucky Transpark

Published Tuesday, November 18, 2014 3:38 pm

The newly-completed building is the fifth investment in the past seven years by the private sector EDA in the Transpark to provide product to further our area’s economic development success.

 “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 John Mark Fones, Chairman of the Bowling Green Area Chamber of Commerce Board of Directors. “We are proud to be a part of the development of the Kentucky Transpark and it is because of our partnership with EDA and the Inter-modal Transportation Authority that this project is possible. We appreciate their continued support.”

Before even breaking ground on the first Spec Building in 2007, the EDA sold the structure to American Howa Kentucky. Since then, three more speculative buildings have been completed and purchased after being on the market for less than a year.

Most recently, Austrian- based plastic packaging company Alpla, Inc. purchased Speculative Building IV bringing $22.3 million in capital investment and 72 new, full-time jobs to the region.

“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. “Speculative Building V is yet another asset to the Transpark providing prospective companies with a potential location. We look forward to welcoming a new corporate citizen to the region and to the Kentucky Transpark.”

The Transpark has a substantial economic impact on the region and as of October, 2014 employed more than 1,400 South Central Kentucky residents.

“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.

The building was erected by Scott, Murphy & Daniel, LLC, with Ken Lasley, AIA as the building architect and Arnold Consulting Engineering Services, Inc as the site engineer. The City-County Planning Commission of Warren County approved the detailed development plan for the project.

Speculative Building V is a pre-engineered steel structure with steel insulated panels spanning 108,000 SF. Situated on 24 acres, the occupant will be pre-approved for up to 324,000 SF of expansion with the option of up to 756,000 SF on 45 acres with additional Detailed Development Plan approval. The building meets the American Institute of Steel Construction Standards.

Other features of the building include:

  • Dimensions: 300 feet X 300 feet
  • Eaves Height: 38 feet
  • Roof: 24-gauge steel standing, seam-insulated panels
  • 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 no better place to do business than South Central Kentucky,” stated Judge Executive Michael Buchanon. “Having a state-of-the-art business park gives companies that choose to locate here a place to thrive. This building is a testament to our commitment to bring new jobs to South Central Kentucky. We are proud to be home to the Kentucky Transpark and look forward to its continued development.”

For more information on the Kentucky Transpark and Speculative Building V, contact Bowling Green Area Chamber of Commerce President and CEO, Ron Bunch, CEcD at ron@bgchamber.com or (270) 781-3200.

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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.