Outrigger Industrial, a newly formed, Chicago-based industrial strategy firm, announced the completion of Phase 1 for the company’s first development in Tulare. The 544,077-square-foot Class A building is located at 199 East Paige Ave. Outrigger Industrial photo

In late January, Outrigger Industrial, LLC, a newly formed, Chicago-based industrial development firm, announced the completion of Phase 1 for the company’s first development in Tulare.

The 544,077-square-foot, Class A warehouse is located at 199 E. Paige Ave., west of Highway 99, at the 99 Central Logistics Center.

“99 Central Logistics Center aligns with our strategy to invest in projects located in markets with strong fundamentals and great labor,” said William Lu, co-founder and managing partner for Outrigger Industrial. “This project affirms our continual commitment in the Central Valley, and leverages our team’s extensive experience, local knowledge, and strong relationships within the community to maximize these opportunities.”

Lu added that the City of Tulare has been a great partner for Outrigger.

“We’ve really enjoyed working in Tulare,” he said. “They’ve been super cooperative and a great city to work with.”

 

Lu said he has experience with properties in the Central Valley, but this is the first project in this market for Outrigger Industrial.

Outrigger Industrial is led by real estate executives Michael Podboy, Joe Trinkle, Steve Rowley and Lu, in partnership with investment firms Davidson Kempner Capital Management and Monarch Alternative Capital.

The partners announced Outrigger Industrial’s launch in December 2024. Working together for five years before that, the Outrigger Industrial team developed and acquired about 10 million square feet of industrial buildings across 15 markets for a total investment of nearly $1.3 billion.

Outrigger Industrial’s national portfolio includes industrial development projects totaling 6.4 million square feet with plans for an additional 1.4 million square feet in the near-term pipeline, reported connectcre.com

 

The project is part of the larger 99 Central Logistics Center, a planned 160-acre business park that will ultimately feature four buildings totaling 2.4 million square feet.

While there aren’t currently any tenants, Lu said that they are in discussions. The facility offers expansion potential up to 1 million square feet and includes 36-foot clear heights, 56-foot by 50-foot column spacing and trailer parking.

Lu said that they “want to stabilize this first phase” before moving forward with additional buildings.

The Outrigger website describes the location as “easy access to major highways, ports and airports.”