CapRock Central Point III is expected to be completed in Q3 of 2024. Photo contributed.

CapRock Partners announced Thursday the groundbreaking of a new LEED-certified 2.7-million-square-foot, four-building speculative industrial complex in Visalia.

Building One at CapRock Central Point III will bring 1,270,750 square feet of Class A logistics and distribution space to the Central Valley at completion, which is anticipated in Q3 2024.

Building One encompasses approximately 75 acres within the CapRock Central Point III project site and is designed to meet LEED Silver certification.

At completion, the cross-dock warehouse will feature a 40-foot clear height, 274 dock-high doors, and two ground-level doors. It will also include approximately 6,600 square feet of office space, ample power, ESFR sprinklers, and 890 auto parking stalls. With a fully secured fenced
yard, the property will provide drive-around access, a truck court depth of 185 feet, dedicated truck circulation, and 542 excess trailer parking stalls.

CapRock Central Point III’s Buildings Two, Three, and Four designs are complete and approved. They are flexible to accommodate build-to-suit options for future tenants.

“CapRock is excited to be underway in constructing the first building at CapRock Central Point III in Visalia, a vibrant industrial market and logistics hub providing unmatched connectivity in the heart of California’s Central Valley,” said Bob O’Neill, senior vice president of acquisitions
at CapRock Partners in a press release. “CapRock has completed multiple large-scale facilities in Visalia catering to Fortune 100 corporations, and our team brings its extensive market knowledge and track record to deliver another state-of-the-art industrial complex that provides logistics solutions, streamlines efficiency, and supports regional economic growth.”

The premiere logistics facility is part of the larger five-million-square-foot Central Point master plan in Visalia, which is already home to several Fortune 100 corporations. CapRock Central Point III is CapRock’s third development project within the larger 5-million-square-foot Central
Point masterplan.

The completion of CapRock Central Point I and CapRock Central Point II in 2021 was built to suit developments for an e-commerce company. They also sold 88 acres of land adjacent to Central Point III to UPS.

The 450,000-square-foot UPS complex is an amenity for Central Point tenants. It will serve as a resource in reducing operational costs, improving efficiency, and facilitating access to 95% of California’s population within a day’s drive.

O’Neill said Visalia’s central location makes it a strategic choice for companies requiring streamlined distribution to markets throughout California. CapRock Central Point III will allow future tenants to reach over 50 million customers with one-day ground shipping.

Visalia’s central role in California allows industrial warehouses to build on property that offers land at a lower real estate cost.

CapRock Central Point III is located at 4001 N. Plaza Drive, proximate to Central Valley transportation, including air, rail, and highways. The property is easily accessible to State Route 99 and is less than forty miles from Fresno International Airport.

“The groundbreaking of Building One at CapRock Central Point III represents Visalia’s advancement as a preferred location for distribution and an essential link in the U.S. logistics supply chain,” said Mike Fowler, executive managing director at JLL, in a press release. “The completed project will streamline the movement of products to consumers, wholesalers, and retailers across the country, and our team looks forward to CapRock delivering another world-class industrial facility in this burgeoning market.”