FOR IMMEDIATE RELEASE
Taylor King, Director of Real Estate, TKing@AmericaPlace.com, (812) 288-4251
JEFFERSONVILLE, Ind. (March 2, 2023)
Just two years after they moved to River Ridge, Idemitsu Lubricants America Corporation is planning to expand.
Idemitsu Lubricants America Corporation (ILAC), a premier lubricants manufacturer and a wholly owned subsidiary of Idemitsu Kosan Co., Ltd, joined River Ridge in 2021 after signing a lease with real estate developer America Place to occupy 50,000 square feet of industrial warehouse. After two years, Idemitsu is making the move over to America Place’s newest Class A Industrial Warehouse, where they will increase current operations by 118,000 square feet.
“We are excited about the opportunity to expand our distribution capabilities here in the Jeffersonville, Indiana area. This 168,000 square foot facility will afford us the capacity and flexibility to better service our customers and to continue the growth of our business. We will utilize the America’s Place facility as our main distribution hub and fulfillment center for our direct distribution of lubricants across the US. The facility is a perfect fit for Idemitsu Lubricants America Corporation due to its proximity to our blending plant as well as the interstate accessibility.” says Tim Nice, Idemitsu’s Distribution & Transportation Manager. America Place founder and CEO Jim Karp says, “We are thrilled to continue our work with Idemitsu and fulfill their warehouse needs in our Winner’s Circle Campus.”
Mark Wardlaw, Senior Vice President, NAI Fortis, represented the tenant in the transaction.
Idemitsu will lease 168,000 Square feet of the facility, located at 400 Trey Street. This new warehouse is complete with speed bays, LED lighting, and plenty of dock access for the necessary growth. Centrally located within River Ridge, trucks and workforce alike will have multiple ingress & egress options for this property.
Mayor Mike Moore said, “As Mayor, I’ve had the honor of putting a shovel in the dirt for the groundbreaking at America Place, as well as planting a beautiful tree at Idemitsu in the Port of Jeffersonville. The partnership of these two great companies joining together in River Ridge is a huge win for our city. I look forward to the continued positive growth these two large employers bring to Jeff.”
“We are blessed with economic growth in Southern Indiana because of the investments that businesses like America Place and Idemitsu Lubricants have made here,” said Wendy Dant Chesser, President and CEO of One Southern Indiana. “The benefits of this partnership extend well beyond these companies and assist in the creation of the foundation of support for the entire region.”
The new building is among six Class A commercial buildings developed by America Place at the River Ridge Commerce Center, a 6,000-acre regional office park in Southern Indiana. America Place’s campus is home to other industry leaders such as Enjoy Life Foods, Tenneco, PharmaCord, Affinity / Mi Hub, and Bluegrass Supply Chain Services.
“Idemitsu’s dedication to their craft has made them a leader in their industry and their investment within the River Ridge Commerce Center is further proof of the park’s place amongst the top locations in the country to do business. This project would not have been possible without the investment of Jim Karp and the team at America Place, and the role they have played to help us build River Ridge into a world class light industrial and business park.” – Jerry Acy, Executive Director of River Ridge Commerce Center.
Moving From America Place Phase VII to America Place IV
Located in The Winner’s Circle, an area of the River Ridge Commerce Center and developed by America Place, Idemitsu did not go far to find their new home. The move from the Phase VII building, finished back in 2021, to the larger space located in our Phase VI building, that was completed earlier this year, is just a few streets over. This new space offers Idemitsu more square footage and taller clear height ceilings in yet another beautiful new building.
About Idemitsu Lubricants America Corporation
Idemitsu Lubricants America Corporation (ILAC) is a premier lubricants manufacturer and a wholly-owned subsidiary of Idemitsu Kosan Co., Ltd., committed to providing quality, innovation, and service to customers across North America. ILAC offers unmatched production quality, ensuring peak operating performance from a full range of lubricants for the automotive and industrial sectors. Idemitsu Lubricants America Corporation provides environmentally friendly, cost-effective lubricant solutions that help maximize performance efficiencies and minimize cost.
About America Place
America Place is a leading commercial real estate company with more than 30 years of experience developing and managing properties in Louisville and Southern Indiana. America Place owns and/or manages more than 2 million square feet of industrial space and is developing around 250 acres of land it owns in the River Ridge Commerce Center. It also has developed numerous office and commercial properties through affiliates such as Louisville Public Warehouse and Kaden Cos.
Looking for industrial warehouse space or class A office space? We can help with that task.
Are you facing a challenge with limited warehouse space? Need office space for your growing company? Maybe you just need some temporary expansion parking to peak demand? Not to worry, the team at America Place can help.
We have undeveloped lots available that are ready to build. We can help you every step of the way from selecting the perfect location for your new building to designing a space just to meet your specific needs. Let us build you something that makes your business shine and that you are proud to call home.
Have a smaller need, we are here for you as well. We have a mix of new industrial class A space as well as 2nd generation space (50,000Sqft and greater) in River Ridge. We also have smaller warehouse space in our America Place Business Park in Jeffersonville to help meet your budget.
Check out our available warehouse spaces or build to suit options:
- America Place’s Website: www.americaplace.com
- Build-to-Suit: https://www.americaplace.com/leasing/build-to-suit
- Available Warehouse Space: https://www.americaplace.com/available-properties
Check out our Partners in Southern Indiana, they can help with information, planning, and tax incentives.
- River Ridge Commerce Center: https://www.riverridgecc.com/
- One Southern Indiana (1si): https://1si.org/
- The Fouridor: https://thefouridor.com/
See our other listings on LoopNet & CoStar:
- LoopNet: America Place
- CoStar: https://www.costar.com/
- Idemitsu: Idemitsu Lubricants America | The Perfect Blend of Service, Technology and Innovation (ilacorp.com)
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