Category: E-Commerce

VOLT Institute Graduates Inaugural Class

MODESTO, CA — On June 27, nearly a year after opening, VOLT Institute saw the graduation of its
first class of maintenance mechanic students. VOLT Institute, a partnership of Opportunity Stanislaus
and Stanislaus County Office of Education, was started at the request of local employers looking for
skilled candidates to fill existing and future vacancies. Employers set a priority of training maintenance
mechanics, a field with widespread shortages including over 300 openings in Stanislaus County alone.
Austin Parker, 22, is one of the graduates. He credits the program with his new job at Hughson Nut,
citing the teachers, hands-on learning, and personalized pace as benefits. “VOLT was a great
opportunity,” said Parker. “It has already opened up a ton of doors for me. The instruction at VOLT
was hands-on and kept pace with students and the job placement assistance was beyond what any other
college would do. Thanks to VOLT I no longer just have a job- I have a career.”
Parker’s situation is not unique. In fact, VOLT boasts an 88% placement rate among graduates.
Opportunity Stanislaus CEO David White has been a driver of VOLT since the planning stages. “We
have come so far so fast and are excited about the momentum we’re gaining,” said White. “We have
the best equipment—machines that simulate industry facilities—and we have a team that is absolutely
committed to the success of the students. We look forward to great things.”
In addition to the 11-month Industrial Maintenance Mechanic program, VOLT also has a 3-month
Certified Production Technician program and workshops on a wide variety of business topics. Training
areas will continue to expand as the student population and capacity grows. “Stanislaus County Office
of Education has a tradition of preparing students for the workforce through education,” said Executive
Director Deb Rowe. “VOLT is a great example of multi-sector partnership training, the industry
recognized certifications through VOLT qualify student for a living wage job which affirms we are
headed in the right direction to support our community and beyond.”
VOLT Institute recently made news when it was awarded $1,000,000 in the 2018-19 California State
Budget to expand training for high-demand careers in manufacturing, one of the county’s most critical
industries. The funding will support the expansion of an education and training partnership between
Modesto Junior College (MJC), Stanislaus County Office of Education (SCOE), and Opportunity
Stanislaus to prepare students for jobs based on employer demand. The grant will serve as the local
match necessary for a federal United States Department of Commerce, Economic Development
Administration grant.
New classes start October 8 and continue through September 5 of 2019. For more information or to
enroll please visit www.voltinstitute.com or call 209.566.9102.

1,000-plus new jobs coming to Stockton, Tracy

Two new employers are coming to San Joaquin County, each promising 500 or more well-paying jobs to a region with an unemployment rate that is 1 percentage higher than the state average.

The city of Tracy on Thursday announced that Katerra, a Menlo Park-based firm, will open a 577,000-square-foot manufacturing facility in the first half of 2019. The building is under construction.

Katerra plans to open a high-tech factory that will produce building components including wall panels, floor systems, windows and cabinets.

Downtown Stockton, meanwhile, is the intended home for ConSol USA, a new firm that founder Robert Tibbs said will focus on developing artificial-intelligence technology to be used in the medical and financial sectors.

Of special note concerning ConSol USA is its planned workforce. Tibbs, 63, said he intends to provide jobs to young people from Stockton, giving them opportunities to begin in entry-level positions that will lead to living-wage careers with the company.

“We really have to demonstrate we’re committed to the (geographic) areas that really have the most needs,” said Tibbs, who added that he escaped an impoverished childhood to become a lifelong entrepreneur.

“It’s about zeroing in on communities like Stockton and putting our money where our mouth is. There are thousands of people in the Stockton area that have as much talent, intellect and energy as do I. It’s about giving them an opportunity.”

The ConSol USA plan was announced Thursday at a news conference featuring Mayor Michael Tubbs, the University of the Pacific and Valley Vision, a Sacramento-based nonprofit organization.

The main purpose of the news conference was to publicly release a “workforce development action plan” for Stockton produced with private funds. The 30-page plan offers a road map intended to bring better-paying jobs to Stockton while developing a better-prepared workforce to fill those positions.

“We want to build a future here in Stockton,” Tubbs said. “If we continue the status quo, we will continue to grow low-wage jobs. This report outlines our challenges but it also shows that with the right focus, we can set Stockton on a path toward economic prosperity.”

According to government data, Stockton’s 6.3 percent unemployment rate at the end of May was 2.1 percentage points higher than the state’s jobless rate of 4.2 percent. San Joaquin County’s unemployment rate in the same government report was 5.3 percent. Tracy’s was 3.4 percent.

At roughly the same time as the Stockton announcement, Tracy Mayor Robert Rickman spoke optimistically about the new jobs Katerra will bring to the region beginning next year.

“Tracy’s proximity to workforce talent, affordable land and state-of-the-art building opportunities provide a business-supportive environment for advanced manufacturing companies such as Katerra to thrive,” Rickman said.

Tibbs said he hopes to have a more detailed announcement of ConSol USA’s plan within two months.

http://www.recordnet.com/news/20180712/1000-plus-new-jobs-coming-to-stockton-tracy

Prologis pays $47 Million for two Stockton buildings

Central Valley Business Times

June, 29, 2018

  • The seller is CT of Newport Beach
  • “Reflect the high demand for world-class logistics facilities in major distribution markets”

Newport Beach industrial developer CT says it has sold two newly-constructed buildings at its NorCal Logistics Center in Stockton. to Prologis for $47 million. The two buildings total 575,127 square feet and mark the initial completion of CT’s three-building Phase I development of the larger 4.4 m

Prologis (NYSE: PLD), the largest owner of industrial space in the U.S., paid approximately $82 per square foot for the buildings, which were unleased and in shell condition at closing.

CT was represented in the sale by Kevin Dal Porto, Blake Rasmussen and John McManus of Cushman & Wakefield; Prologis was self-represented.

“These transactions reflect the high demand for world-class logistics facilities in major distribution markets nationwide,” says Carter Ewing, managing partner of CT. “In this case, the transaction allows Prologis to enjoy a fair profit on their investment going forward while providing CT with a sizeable return and well ahead of schedule – a true win-win.”

NorCal Logistics Center is home to General Mills, KeHE Foods, Allen Distributors and Fox Head, and is in the heart of California’s Central Valley, a 185 million-square-foot industrial market. The region is an extension of a global logistics supply chain infrastructure directly linked to West Coast ports in  Stockton, Oakland, Los Angeles/Long Beach, Portland, Oregon and Seattle/Tacoma, Washington.

CT purchased the 345-acre industrial site for NorCal Logistics Center in May 2017 and has now completed the first phase development, including a third 1,122,341-square-foot building, one of the single largest speculative industrial buildings in Northern California.

The second phase of development will begin toward the end of 2018 and include three buildings totaling approximately 1.6 million square feet of space, the company says.

DOLLAR GENERAL EXPANDS INTO NEW BUILDING AT TEJON RANCH COMMERCE CENTER

  

Barry Zoeller

News Press Release

 

DOLLAR GENERAL TO EXPAND DISTRIBUTION OPERATIONS

AT TEJON RANCH COMMERCE CENTER (TRCC)

Dollar General leases additional space in new industrial building developed by Tejon Ranch Co. and Majestic Realty Co. 

TEJON RANCH, Calif. (March 26, 2018) – The partnership of Tejon Ranch Co. (NYSE: TRC) and Majestic Realty Co. today announced major discount retailer Dollar General (NYSE: DG) is leasing more than 240,000 square feet of warehouse space in a new building the partnership developed at the Tejon Ranch Commerce Center (TRCC). Dollar General will use the new facility to support its operations in California.

Dollar General currently operates out of a separate building at TRCC, and with the expansion, will be increasing its footprint by nearly 40 percent.

“We are happy for Dollar General’s success in California and are pleased the Tejon Ranch Commerce Center is able to meet the company’s need for additional distribution space,” said Joseph N. Rentfro, executive vice president of real estate at Tejon Ranch Co. “Dollar General’s decision to expand here underscores Tejon Ranch’s value as proven and opportune place for companies wanting to locate and/or expand in California.”

“Majestic Realty is proud to welcome Dollar General as the inaugural tenant of the first building developed in partnership with Tejon Ranch Co.,” said Brett Tremaine, senior vice president at Majestic Realty Co. “This is just the beginning, as we believe the Tejon Ranch Commerce Center’s strategic location and outstanding labor pool will prove to be advantageous for many more companies in the future.”

Dollar General has used the Tejon Ranch Commerce Center as the hub of its California distribution operations for the last six years. With its expansion into the new Tejon Ranch-Majestic Realty developed facility, it will now occupy a total of more than 850,000 square feet of space within TRCC.

“It makes perfect sense for Dollar General to expand its operations at Tejon Ranch,” says John DeGrinis, SIOR, Senior Executive Vice President of Colliers International, who represents TRCC.  “Its central location directly on Interstate 5 allows them to serve stores in both northern and southern California; the large pool of employees with a great work ethic has led to a stable workforce with a low turnover rate; and the fact that total operating costs are among the lowest in the state, all add up to some pretty compelling reasons why TRCC represented a great opportunity for Dollar General,” he added.

The Tejon Ranch Commerce Center is Tejon Ranch Co.’s 1,450-acre master planned commercial/industrial development located at the junction of Interstate 5 and Highway 99, about an hour north of the Los Angeles basin.  The Commerce Center is also home to major distribution centers for IKEA, Famous Footwear and Caterpillar Inc. (NYSE: CAT).

An additional 240,000 square feet of space is available in the new building to be occupied by Dollar General.  The building is a Class A cross dock industrial building featuring a 36-foot clear height, seven-inch floor slab and an ESFR sprinkler system.  Overall, the Tejon Ranch Commerce Center has nearly 16 million square feet of entitled space available for sale, lease or build-to-suit, with sites ranging from 20,000 square feet to more than 2,000,000.  All of the industrial sites at TRCC are included in Foreign Trade Zone #276, and additionally, companies locating there are eligible to apply for tax rebate incentives being offered by Kern County.

http://tejonranch.com/dollar-general-expands-new-building-tejon-ranch-commerce-center/

If you’re 18 and a high school grad, that’s a starting point for Amazon’s Fresno jobs

By Tim Sheehan

May 09, 2018 

Amazon’s not the only warehouse hiring in Fresno. Ulta Beauty looking for workers, too

GAP SECURES $4.25M STATE TAX CREDIT FOR FRESNO EXPANSION

Published On April 12, 2018 – 2:12 PM
Written By Gabriel Dillard

The Gap, Inc. has been awarded a $4.25 million tax credit to support its expansion plans at its Fresno campus, where an e-commerce fulfillment center has been planned.

A committee of the Governor’s Office of Business and Economic Development, or GO-Biz, today approved a total of $76 million in tax credits for 63 companies as part of the California Competes program to help businesses create new jobs in the Golden State.

San Francisco-based Gap was awarded a tax credit for the expansion of its San Francisco headquarters as well as a new e-commerce fulfillment center planned near Fresno Yosemite International Airport. The retailer plans to invest $100 million in the expansion, according to its tax credit agreement, which would create an additional 698 jobs. According to the GO-Biz agreement, at least 75 percent of the net increase in full-time employees will work at least 75 percent of the time in Fresno.

The Gap indicates it will add 162 new full-time positions in the 2018 tax year, 502 for 2019 ramping up to 698 by 2021.

Panorea Avdis, GO-Biz director and chair of the California Competes Tax Credit Committee, said in a statement: “In the last four years, hundreds of companies have made commitments to expand in the state and GO-Biz will continue to host informational workshops and work with our regional and local partners to ensure companies of all sizes know about and apply for these tax credits.”

The City of Fresno announced last month that The Gap would relocate its e-commerce operation to Fresno, bringing at least 515 new full-time employees. Full operation will ramp up over a three-year period.

The agreement is made possible through a 30-year economic incentive agreement that will provide performance-based incentives based on the creation of at least 500 new net jobs, and possibly hundreds more for part-time and seasonal needs.

The agreement will also ensure continued sustainability for the 351 employees currently working at the Fresno Gap distribution center, which opened in 1999.

https://thebusinessjournal.com/gap-secures-4-25m-state-tax-credit-fresno-expansion/

Construction milestone reached at Manteca Commerce Center

 

Central Valley Business Times

April 13, 2018

  • Dermody Properties puts in first wall panels for industrial building
  • “We are excited to be expanding our investments in the Central Valley”

The tilt-up and placement of the first wall panels for a 286,072- square-foot building that could be used as a distribution center has been completed by Dermody Properties in the Manteca Commerce Center, the Reno, Nevada-based company says. Dermody builds and manages logistics real estate.

The new building will feature a total of 50 dock doors, two grade-level doors, a 36-foot clear height and 156 car parking spaces. Construction is expected to be complete in the second quarter.

“We are excited to be expanding our investments in the Central Valley,” says Douglas Kiersey Jr., president of Dermody Properties. “The development of Manteca Commerce Center is consistent with our strategy of investing in key distribution markets with a high demand for industrial facilities and a well established transportation infrastructure.”

Manteca Commerce Center is located directly off of Highway 120, about 15 minutes south from the Port of Stockton, with access to Highway 99 and Interstate 5. The developer says the location provides “an ideal” West Cost distribution link to Fresno, Reno, Los Angeles and Las Vegas.

“Manteca Commerce Center is our second property in the Central Valley,” says George Condon, West region partner, Dermody Properties. “Companies are continuing to move from the Bay Area to the Central Valley to expand their businesses and lease Class-A warehouse space at a significant discount to the cost of Bay Area warehouses. Companies new to Northern California are also setting up shop in the Central Valley to serve the businesses and residents of the Bay Area.”

JLL is marketing the property. The project was designed by HP, Inc., and BCM Construction is the general contractor.

http://files.constantcontact.com/2cb20f61601/12d85a0b-161b-4ef2-85f1-4802f7ddbfea.pdf

Ex-Fed Ex building sold for $10.45M in Stockton

By BusinessJournal

 

The property at 4730 FIte Court in Stockton, a one-time Fed Ex ground facility, has sold for $10.45 million to Dermody Properties.

An industrial building which once house a Fed Ex ground facility in Stockton has sold for $10.45 million.

Dermody Properties, a company owning distribution, e-commerce and manufacturing sites throughout the U.S., purchased the location at 4730 Fite Court, which is 143,888 square feet off Arch Road, east of Highway 99 in Stockton.

“Dermody Properties has made significant strides at growing their footprint in the Central Valley and proved to be the best buyer to bring in, figure out this somewhat complicated transaction given the existing tenant, underlying sublease and other property related matters, and close on this well-located, quality asset,” said Jim Martin, SIOR, of Lee & Associates Stockton, who represented Dermody Properties in the transaction.

“This is further testament to how our Lee offices are able to execute assignments and work in partnership to provide excellent service to our customers,” Martin went on to say.

The seller was Stockton MAG, LLC., who was represented by Martin and Craig Hagglund, SIOR, of  Lee & Associates Oakland.

https://cvbj.biz/2018/04/05/ex-fed-ex-building-sold-for-10-45m-in-stockton/

Gap bringing fulfillment center to Fresno, expected to add more than 500 jobs