city-of-new-albany-resolution-r-29-2025-august-19-2025_19d.pdf
New Albany set to Purchase Land from LHR Industries
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Description
The City of New Albany is set to purchase a 49.424+/- acre parcel at 6500 New Albany Road East from LHR Industries Inc. for $15,000,000.00. The purchase is contingent upon satisfactory completion of due diligence requirements outlined in the Letter of Intent. This property is close to Village Center.
Contract Details
Contract Amount
$15,000,000.00
Vendor
LHR INDUSTRIES
Agency
City of New Albany, IN
Contract Type
Real Estate Purchase
Document Date
August 19, 2025
Contract Term
NA
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