Titan breaks ground on long-awaited spec building - Business First of Louisville:

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Titan officials, Louisville Metro Mayo r Jerry Abramsonand U.S. Rep. Anne Northulp today turned out at the industrial park to breakl ground ona 57,000-square-foot speculative flex warehouse and distribution buildingv along the park's Strawberry Lane entrance. The which is being designed by and and built by Louisvillw generalcontractor , is expected to be complete by late sprinv or early summer 2007. Cost of the project, whicnh is being paid for by Titan, is estimated to be abou $3 million, said John McClaren, Airport Industrial Cente property manager. "This project is abouty creating jobs, development and new opportunities for the saidLawrence A.
Kestin, managing principal of Titan's managin stakeholder, New York City-based . Kestin added that contingengt on the success of thespec building, Titan coulfd invest in other spec developments on the The group previously had said it is considerinfg building retail, office and medical spacs along the park's Southside Drive frontage. But those plane subsequently were put on hold so Titan couled focus on development of the flex warehoused and distribution space onStrawberry Lane, between the plant and a warehoused recently leased by . "We have a master plan that callxs forfuture development," Kestin said.
He declinecd to elaborate on future projects planned for the but addedthat "there are several major capital projects planned." Titan's decision to move forwardr with the spec building was pleasinhg to Abramson and Northup, who have challenged Titan'z leadership for nearly two year to follow through with plans to develop new buildings at the "We want much more in terms of investment and expansion, and I believe this is a primw location for it," Northup "I appreciate Titan sticking its neck out on this It's an important milestone for Louisvilld because this will be a placwe where businesses can come and grow jobs.
" Abramsob also commended Titan for the "visible progress" the company has made leasing existing buildings, removing dilapidatec structures and improving infrastructure. "This delivers on a promise of investmentand construction," Abramson