On tap for at least 2.5mil sf
-December 8,2021-
Mystery Logistics project
The City of Visalia has issued a permit for construction of a 1.1 million square foot warehouse just north of Amazon. Located at Plaza and Ave 320 (Kibler), the permit covers the foundation for another huge industrial building.The land is owned by CapRock Partners, the same property owner that sold to Amazon and UPS. They are not commenting.The conventional wisdom is that the mystery tenant is a second Amazon facility. But a spokesperson denies that.
“All I know is that it is not Amazon” says Amazon’s Natalie Wolfrom.
“Construction is underway at our site at ave 320 and Kelsey”said CapRock representative Pat Daniels, confirming work was underway.
The contractor on the project is Kentucky-based Gray Construction, the same builder for the Visalia Amazon complex that opened late this summer.The new building is one of two proposed north of Riggin by CapRock totaling 2,274,048 SF. For now, they are only building the one that fronts Plaza and Kelsey – expected to take a year to complete.If it is not Amazon, my wild guess is that it is Target.
Ace Hardware under construction
Developer Seefried Industrial Properties, along with capital partner USAA Real Estate, announced November 23 that construction has commenced on a new warehouse and distribution center for a major hardware retailer, as part of the Visalia Industrial Park in Visalia, CA. Ace Hardware, a Fortune 500 hardware corporation will lease a new 1,033,500-square-foot building when construction is complete in the fourth quarter of 2022.
The facility will be designed to have the ability to expand, in the future, to approximately 1.3 milsf.
Located at 2045 N. Plaza Drive, the new distribution center is being developed on an 81-acre site that USAA and Seefried assembled through the acquisition of two parcels in Q3 2021. The project will be best-in-class and will feature 155 dock-high doors (four grade-level) in a cross-dock configuration, oversized truck courts that are up to 140 feet deep, ample parking, +/- 20,000 square feet of office space and a minimum clear height of 40 feet. Off-site improvements will include construction of a new private road along the southern portion of the project site to provide access to the remaining land to the south, which is intended for future development, unrelated to the project, as well as a secondary access for trucks and emergency vehicles.
The distribution center is said to employ 400 and is valued at $90 million in construction costs.
Regards the rest of the property that Seefried continues to market there is another 33 acres the would front on Goshen Ave and Rd 76 with room for around 600,000sf or more.Seefried bought approx 114 acres and Ace is taking up 81 acres of that.