Transactions - NOVEMBER 24, 2021

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Seefried Properties, USAA Real Estate begin construction on 1msf distribution center

by Released

The Phoenix office of Seefried Industrial Properties, with capital partner USAA Real Estate, announced that construction has begun on a new warehouse and distribution center for a major hardware retailer as part of the Visalia Industrial Park (VIP) in Visalia, Calif.  The Fortune 500 hardware corporation will lease the 1,033,500-square-foot building when construction is complete in the fourth quarter 2022.

“We were fortunate to find a site that could accommodate this requirement due to the continued growth of the Visalia industrial market and overall region,” said Jason Quintel, senior vice president of Seefried. “In an effort to meet the client's operational directive, we worked side by side with the City of Visalia to ensure timelines could be met. It was and has been a great experience working with the City’s economic development, planning, engineering, and building staff through this process, and we are excited to deliver a first-class facility in the fourth qu

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