News and Tribune

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May 15, 2013

River Ridge continues to add tenants

First retail space on the way?

JEFFERSONVILLE —

River Ridge Development Authority Board members agreed to allow River Ridge Executive Director Jerry Acy to negotiate yet another deal for a company to locate in the commerce center.

A resolution was passed at a specially called board meeting Monday that allows Acy to negotiate a deal with a confidential commercial or industrial prospect.

The site in question is a 12-acre parcel next to a site where Capstone Reality is constructing a 500,000-square-foot building. The Capstone Reality site is located across Logistics Avenue, formerly Cox Street, from Amazon.com, Inc. fulfillment center.

River Ridge Director of Marketing and Finance Paul Wheatley said he could not comment on the potential tenant for the site, how many jobs the company might bring and when a deal is likely to be finalized as River Ridge is involved in confidential negotiations. However, the resolution outlines a 75,0000-square-foot building would be constructed at the location.

The 12-acre site joins a long list of sites under development and companies that have agreed to locate within River Ridge this year.

Another development project River Ridge has agreed to is anticipated to get under way soon.

According to a purchase and sale agreement obtained by the News and Tribune through a Freedom of Information Act request, River Ridge Retail 1 has agreed to purchase two acres in front of the NuYale property in the commerce center for $240,000.

River Ridge Retail 1 is owned by two local entrepreneurs — Max Zimmerman and Dave Richard — said Ryan Pennington, principal and CEO of Seven Development LLC, the purchasers’ broker for the property.

Pennington said plans include the construction of two separate buildings on the site. On the north side of the property the plan is to construct a two-story building with about 9,200 square feet on the first floor and another 8,500-9,000 square feet on the second floor. The building is expected to house up to four users.

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