Ashland announces new office building in Lexington

LEXINGTON, Ky. (WTVQ) – Ashland, Inc. announced plans Friday to build a new 145,000-square-foot office building on its Lexington campus between Blazer Parkway and Palumbo Drive.

The new building will house Valvoline, a business unit of Ashland that has been based in Lexington for more than 30 years, and other Ashland corporate employees.  The new facility will be built in the northwest corner of the existing campus off Palumbo Drive, on land already owned by Ashland. Construction on the estimated $35 million development is slated to begin this fall with completion targeted by February 2017.