The New Albany Company

What The New Albany Company does

The New Albany Company (NACO) is a privately held master-planned community and horizontal real estate developer founded in 1987 by Les Wexner and Jack Kessler, headquartered at 8000 Walton Parkway #200 in New Albany, Ohio. The company's core product is the New Albany International Business Park — a 12,000-acre master-planned business campus with over 7 miles of freeway frontage, home to more than 60 companies, 18+ million square feet of occupied space, and 20,000+ employees, supported by advanced fiber optics, redundant electrical infrastructure (300MW supplied through AEP Ohio partnerships, with up to 765kV transmission at certain sites), and completed environmental due diligence. Adjacent product lines include Country Club and Town Center residential communities, Market Square retail and office space, and four regional business-park expansions across Ohio (Frazeysburg/Graham Farm, Johnstown, Marysville East, and Piqua I-75), collectively representing more than 2,900 acres of additional inventory.

NACO monetizes primarily through one-time land sales and long-term ground leases of shovel-ready, pre-entitled parcels at premium pricing relative to raw land, supplemented by development services such as site selection assistance, infrastructure coordination, and partnerships with third-party developers like VanTrust Real Estate for speculative industrial building delivery. The company works closely with municipal partners — the City of New Albany, City of Johnstown, City of Marysville, the Zanesville-Muskingum County Port Authority, and JobsOhio — to negotiate 15-year 100% real property tax abatements and to coordinate infrastructure investment. Go-to-market is enterprise field sales led by President & CEO Bill Ebbing alongside a Managing Director of Economic & Business Development (Matt McQuade) and Managing Director of Real Estate (Dick Roggenkamp), and is amplified by trade publication and regional economic-development media coverage tied to major project announcements.

Customer segments are concentrated in Fortune 500 corporate and technology/life-sciences tenants. Notable anchors include Intel's $28 billion semiconductor manufacturing campus (capacity for up to eight fabs), Amazon Web Services' $3.5 billion commitment for five data centers by 2030, Amgen's $1.4 billion biopharmaceutical packaging campus, Google's, Meta's, and Microsoft's data center presence, Cologix's $7 billion 800MW AI-ready data center campus, and Pharmavite's $250M+ gummies manufacturing facility. Pricing is quote-based and not publicly disclosed, varying by site, infrastructure, and incentive package. The company remains privately held by its founding partners and named executives with no disclosed institutional investors, parent company, or funding rounds.

Name

The New Albany Company

Legal name

The New Albany Company

Website

https://newalbanycompany.com

Company type

Private

Founded year

1987

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

The New Albany Company is a privately held master-planned community developer that operates the 12,000-acre New Albany International Business Park and four additional Ohio business parks, selling and leasing shovel-ready, pre-entitled land to Fortune 500 corporate, semiconductor, life-sciences, and hyperscale data center tenants through municipal public-private partnerships.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Development

NAICS

Land Subdivision (23721), New Housing For-Sale Builders (236117)

SIC

Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

akta.pro secondary industry

Multi-Family Residential Construction (Apartments, Condos, Townhomes) (IMAFABAB)

Keywords

• Master-planned community development
• Business park development
• Commercial real estate development
• Industrial site development
• Land development services

Headquarters

HQ city

New Albany

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Marketing or Sales, Supply Chain, Others

Revenue model

1. Land Sales and Ground Leases: The company generates primary revenue through the sale and long-term lease of developed land within its business parks. Sites are offered as shovel-ready parcels with completed entitlements, environmental due diligence, wetland mitigation, and infrastructure in place, commanding premium pricing compared to raw land.
2. Development Services: Revenue is earned through facilitation of development projects including site selection assistance, infrastructure coordination, and ongoing support for companies establishing operations in the business parks. The company also partners with third-party developers like VanTrust for speculative industrial building development.
3. Land Donations for Community Benefits: The company contributes land for civic purposes (parks, schools, healthcare facilities) which strengthens community value proposition and attracts additional corporate tenants, creating indirect revenue through increased land values and tenant demand.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

The New Albany Company develops and sells shovel-ready, pre-entitled land parcels within master-planned communities and business parks across Ohio. The company performs horizontal real estate development including site selection, infrastructure installation (fiber optics, redundant power up to 300MW, water/sewer), environmental due diligence, wetland mitigation, and architectural standard-setting. It also develops residential communities and a retail/office town center. Primary customers are Fortune 500 corporations and large industrial tenants requiring ready-to-build sites, with secondary offerings for affluent residential buyers.

Product overview

The New Albany Company is a horizontal real estate developer offering master-planned community development services. The company's core offerings include the New Albany master-planned community (a nationally-recognized strategically-planned community), the New Albany International Business Park (12,000-acre business park), New Albany Residential Communities (Country Club Living and Town Center Living), and Market Square Retail and Office. The company has expanded beyond New Albany to offer Graham Farm Business Park in Frazeysburg, Johnstown Business Park, Marysville East Business Park, and Piqua I-75 Business and Technology Park across Ohio. Key infrastructure features include shovel-ready sites, advanced fiber optics networks, redundant power sources, and robust water and sewer capacities.

Differentiator

Problem solved

Functional benefit

Products and services

• New Albany International Business Park
• Graham Farm Business Park (Frazeysburg)
• Johnstown Business Park
• Marysville East Business Park
• Piqua I-75 Business and Technology Park
• New Albany Residential Communities
• Market Square Retail and Office
• Master-Planned Community Development Services

Quantifiable outcome

• Zero site preparation risk through shovel-ready, pre-entitled parcels with completed environmental due diligence
• +2 more outcomes

Named customers15 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Nine partnerships are on record, tiered core, flagship and minor.

• CologixcoreTechnology or Integration · 20 November 2024Cologix acquired land in Johnstown, Ohio (adjacent to the New Albany International Business Park) to develop a new AI-ready data center campus with 800MW capacity and over $7 billion planned investment. This expansion reinforces central Ohio's digital infrastructure and positions the region as a pivotal part of Cologix's North American growth strategy.
• AEP OhiocoreStrategic or Co-development Partner · 31 August 2022AEP Ohio provides critical electrical infrastructure for the business parks. The company highlights that the City of New Albany, AEP Ohio, and New Albany Company together 'set the stage for the expansion of this sector by investing in the critical elements that support business growth.' AEP has installed 300 megawatt redundant power capacity in the business park.
• VanTrust Real EstatecoreStrategic or Co-development Partner · 6 July 2022VanTrust Real Estate, LLC operates as a development partner within the New Albany International Business Park. The company is building the New Albany Tech Park on 500 acres adjacent to Intel's semiconductor campus, with total buildout potentially reaching five million square feet. VanTrust has completed multiple industrial buildings in the area since 2019, including facilities ranging from 250,000 to 768,000 square feet. The New Albany Company describes VanTrust as 'a dependable partner' delivering 'high-quality development.'
• City of New AlbanyflagshipStrategic or Co-development Partner · 21 January 2022The New Albany Company operates in a unique public-private partnership with the City of New Albany that has been fundamental to the community's development since 1987. The partnership involves coordinated planning, infrastructure investment, zoning decisions, and economic development strategy. The city has provided critical support including tax increment financing, infrastructure development, and streamlined permitting that enabled attraction of major tenants like Intel. The company describes this collaboration as essential to achieving 'the best possible outcome for the long-term success of the community.'
• Zanesville-Muskingum County Port AuthoritycoreStrategic or Co-development PartnerThe Graham Farm Business Park in Frazeysburg is developed in collaboration with the Zanesville-Muskingum County Port Authority. This partnership enables the development of 664 acres of prime industrial land and leverages local government resources for infrastructure development and business attraction.
• City of JohnstowncoreStrategic or Co-development PartnerThe Johnstown Business Park is developed in partnership with the City of Johnstown, which offers 15-year 100% real property tax abatements for qualifying tenants. The city has also committed to infrastructure improvements including water and sewer line extensions.
• City of MarysvillecoreStrategic or Co-development PartnerThe Marysville East Business Park is developed in partnership with the City of Marysville. The city offers 15-year 100% real property tax abatements for qualifying projects and the company collaborates on infrastructure development including water line extensions.
• Ohio State University Wexner Medical CenterminorStrategic or Co-development PartnerOhio State University has established state-of-the-art medical facilities in the New Albany Business Park, part of the healthcare and life-sciences cluster in the community.
• OhioHealthminorStrategic or Co-development PartnerOhioHealth has developed medical facilities in the New Albany Business Park as part of the healthcare services cluster serving the community and business park employees.

Scale indicators9 records

Recent moves7 records

Expansion highlights6 records

Emerging players

• Becknell Industrial: Privately held industrial developer building Class A logistics and manufacturing facilities primarily in the Midwest, comparable to NACO's industrial-anchored build-out across its Ohio parks.
• Shea Homes / Shea Properties: Privately held homebuilder and community developer with multiple master-planned communities, comparable to NACO's residential Country Club and Town Center Living product lines.
• Union Park Development (Minneapolis) / Maryland's Tradepoint Atlantic: Tradepoint Atlantic, a 3,100-acre former Bethlehem Steel redevelopment on the Baltimore harbor, is a widely cited analog for NACO's New Albany International Business Park — both transform massive brown/greenfield industrial sites into multimodal logistics + manufacturing + data center hubs.

Direct peers

• McWhinney: Colorado-based family-owned real estate firm developing master-planned communities (e.g., Centerra, Candelas) that integrate commercial, residential, and mixed-use districts. Comparable in scale, structure (private, family-controlled), and integrated master-planning approach to NACO.
• VanTrust Real Estate: Industrial and office developer currently building the New Albany Tech Park on 500 acres adjacent to Intel's site under a co-development relationship with NACO. Direct functional peer in shovel-ready industrial park delivery in the same geography.
• Hillwood Properties: Perot-family industrial and master-planned developer behind AllianceTexas (a 27,000-acre mega-site) and AllianceFlorida. Directly comparable to NACO's New Albany International Business Park model of mega-acre, shovel-ready industrial parks anchored by Fortune 500 tenants (e.g., Amazon, FedEx, BNSF).
• Panattoni Development Company: One of the largest privately held industrial real estate developers in the US, focused on speculative and build-to-suit warehouse, manufacturing, and logistics parks. Comparable to NACO's industrial park land aggregation and infrastructure-first development model.
• Howard Hughes Corporation: Publicly traded master-planned community developer operating The Woodlands (TX), Summerlin (NV), and Bridgeland (TX). Comparable to NACO as a long-cycle, mixed-use (residential + commercial + industrial) master planner with decades-long entitlement track records.
• Lakewood Ranch (Schroeder-Manatee Ranch): A 50+ year master-planned community in Florida developed by Schroeder-Manatee Ranch, integrating residential villages, commercial centers, and employer campuses. Directly comparable to NACO's Country Club + Town Center + business park community integration model.

Broad incumbents

• Crescent Communities: Subsidiary of Sumitomo Forestry developing master-planned and mixed-use communities across the Southeast US. Comparable in master-planning philosophy, mixed-use integration, and a roughly similar private-developer footprint to NACO.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/new-albany-company-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles22 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The New Albany Company