Ground was broken Wednesday for the Warren County-based Kentucky Transpark's fifth speculative building in the past seven years.
All four previous buildings have been sold to manufacturers after being on the market for less than a year. The first spec building was bought in 2007 by American Howa Kentucky before ground was broken.
Most recently, Austrian-based plastic packaging company Alpla, Inc. purchased the fourth Speculative Building , bringing $22.3 million in capital investment and 72 new full-time jobs to the region. The Transpark employs more than 1,100 total.
CSX has certified Lot 6 of the Kentucky Transpark as a Select Site, one of only five in the country to be considered the best manufacturing properties in the 23 states in which CSX operates. CSX introduced Select Sites as a new program to provide customers a simple way to access certified, rail-ready properties for a variety of industrial uses.