New Visalia industrial warehouse to break ground
Visalia Industrial Park could have a good year in 2024. Fowler-based G-4 Enterprises is moving forward on a planned 310,000 square feet tilt-up warehouse in the industrial park in the new year. The company has filed building plans and should begin construction in January or February, says their broker, Ethan Smith.
The new building is south of Goshen Avenue at 1030 N. Kelsey St. (Road 84). Depending on the weather, Smith estimates, looking for about eight to 10 months of construction time.
Smith said that 2023 was a confusing year for both developers and tenants. They faced supply chain disruptions, high building costs, and interest rates, as well as uncertainty over the direction of the economy.
“We see more development in the Valley in 2024,” Smith said.
Visalia has a leg up when it comes to site selection with a track record of getting deals done on construction, approvals, and both utilities and land in place, he added. Planned industrial projects in Visalia have mostly been on hold in the past year, with only one huge building breaking ground in June, a massive 1.2 million-square-foot building west of Plaza Drive and north of Riggin under construction.
CapRock, developers of two Amazon buildings in Visalia, is developing the spec building. No tenant has been announced. The building could be ready by mid-2024. Seefried Properties is poised to move forward in 2024 on a huge 280-acre project at Riggin, west of Shirk. Seefried built the 400-job Ace Hardware project, now open on Plaza Drive. G-4 also has been stalled in Goshen on a speculative industrial building there. Still, a new agreement to provide sewer service to the community on new projects should also allow this project to move forward.