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Business, Real Estate

“Microsoft pays $57 million for 183 acres in western Licking County”

“The Microsoft Corporation’s purchase of 183 acres in western Licking County, reported by The Advocate on Friday, was officially recorded Tuesday, according to the Licking County Auditor’s Office.

Microsoft paid $56.9 million, or $310,000 per acre, for the city of New Albany property located between Beech Road and the Licking-Franklin county line. The land is north of Fitzwilliam Lane N.W., and less than a mile south of U.S. 62…

Josh Poland, chief communications and marketing officer for the city of New Albany, said on Tuesday, “The company has not yet announced their project intentions on the land use, capital investment, possible employment numbers, or operational details. Land banking has become the new normal in the New Albany International Business Park – companies could always sell if they decide it doesn’t make sense to build.”…”

https://www.yahoo.com/news/official-microsoft-pays-57-million-211435574.html

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