Apr
16

Toyota to Invest Record $1.3B in Kentucky Plant

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The revamped 7.5 million-square-foot facility, which ranks as the automaker’s largest factory in the world, will further boost the region’s industrial market.
Toyota Plant in Kentucky
Toyota Plant in Kentucky

Toyota announced its 7.5 million-square-foot Georgetown, Ky., plant—the automaker’s largest factory in the world—will get a record $1.33 billion in improvements and local commercial real estate brokers say that helps boost the region’s overall industrial market.

“The Toyota investment is great news for all of Central Kentucky and Georgetown, Ky., in particular. This market condition creates immediate opportunities for new development of industrial parks and speculative construction of industrial facilities. The Toyota investment will serve to bolster an industrial market that is already doing very well,” Al Isaac, president of NAI Isaac in Lexington, Ky., told Commercial Property Executive…

Toyota to Invest Record $1.3B in Kentucky Plant

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