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May 15, 2013

River Ridge continues to add tenants

First retail space on the way?



A second building that could house one to two users is expected to be constructed on the southern portion of the property and total about 5,000 square feet.

Pennington said the company is already in negotiations to lease the properties, but would not divulge the names of any companies involved in the negotiations.

He added that the type of businesses that will locate in the site will be an amenity-based project.

“There’s not any nearby financial institutions, sandwich shops, those types [of things],” Pennington said. 

He added the site will be a retail solution for everyday needs and hopes to have deals finalized in June.

Among the other companies that have agreed to locate in the commerce center are Dayton, Ohio-based The Standard Register Co., which plans to locate in the former U.S. Census Bureau building along Patrol Road; American Fuji Seal Inc., which has initiated a purchase agreement with the River Ridge Development Authority to buy more than 23 acres of property located directly behind the center; and, which announced expansion plans in February to utilize its full 1 million-square-foot space.

In addition, development on several sites is under way. America Place at River Ridge has broken ground on its first building that would total 150,000 square feet of space. America Place also has plans for phase two and three of its development that would add a 200,000-square-foot and 320,000-square-foot building, respectively.

Crossdock Development Inc. has also begun work on a 666,280-square-foot building at 800 Patrol Road. The building is expected to be built in two phases, with the first phase totaling about 328,000 square feet.

And while no company has entered into a purchase agreement with River Ridge, the development authority is seeking to designate more than 1,500 acres in the commerce center as a megasite.

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