CapRock Starts 2.7 MSF California Campus
This marks the developer's third large-scale project within a 5 million-square-foot master-planned park.
CapRock Partners has started construction on the 1.3 million-square-foot Building 1 at CapRock Central Point III, a four-building, 2.7 million-square-foot speculative campus in Visalia, Calif.
Delivery of Building 1 is expected in the third quarter of 2024. The designs for Buildings 2, 3 and 4 are already completed and approved.
Carrying the address 4001 N. Plaza Drive, CapRock Central Point III marks CapRock’s third development within Central Point, a 5 million-square-foot, master-planned industrial campus that is already the home of several Fortune 100 companies. CapRock Central Point I and II came online as build-to-suit facilities in 2021.
Designed to achieve LEED Silver certification, the project’s Building 1 will be a cross-dock warehouse that will feature 40-foot clear heights, two grade-level doors, 274 dock-high doors, ESFR sprinkler systems, a truck court with a 185-foot depth, 542 trailer parking spots and 890 vehicle parking spots, as well as a 6,000-square-foot office component.
The development is taking shape on 75 acres at the southwestern corner of Avenue 320 and North Plaza Drive, close to a UPS distribution center and an Amazon warehouse, within 43 miles of Fresno Yosemite International Airport. JLL Executive Managing Director Mac Hewett, Senior Managing Director Mike Fowler and Managing Director Mike McCrary have been tapped as exclusive leasing agents for the project.
CapRock’s active pipeline
CapRock is active in the Western U.S. and has multiple industrial project in various stages of construction in the Inland Empire market. In June, the developer announced plans for a 500,000-square-foot warehouse that will rise within the master-planned World Logistics Center in Moreno Valley, Calif.
The same month, the company completed Palomino Ranch Business Park’s Phase I and Saddle Ranch South in Norco, Calif. The properties total 1.1 million square feet of delivered space.