CapRock Partners breaks ground on 1.27msf industrial warehouse in Visalia, Calif.
CapRock Partners has broken ground of Building 1 at CapRock Central Point III, a new LEED-certified, 2.7-million-square-foot, four-building, speculative industrial complex in Visalia, Calif.
Building 1 will bring 1.27 million square feet of class-A logistics and distribution space to the Central Valley at completion, which is anticipated third quarter 2024.
CapRock Central Point III is CapRock’s third development project within the larger 5-million-square-foot Central Point masterplan. CapRock Central Point I and CapRock Central Point II were completed in 2021 as build-to-suit developments for an ecommerce company. CapRock also sold 88 acres of land adjacent to Central Point III to UPS for the development of one of the logistics company’s largest facilities in the Western United States. The 450,000-square-foot UPS complex is a masterplan anchor and an attractive amenity for Central Point tenants. It will serve as a resource in reducing operational costs, improving