(Read more on the industrial market.)

SHEPHERDSVILLE, KY-Lauth, headquartered in Indianapolis, is constructing its second building as part of Salt River Business Park. The 936,000-sf Salt River Two will be a speculative industrial building.

Lauth plans to construct a total of up to 2.2 million sf of industrial space at the park, which is situated near the intersection of Interstate 65 and US Hwy. 480 and close to the Louisville International Airport and UPS Worldport. Salt River Two is expected to be completed in the second or third quarter 2008, says Tag Birge, first vice president at Lauth. The development cost was not available by press time.

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