Toyota to Invest Record $1.3B in Kentucky Plant
ByToyota 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…