CapRock Partners (“CapRock”), a privately owned investor and developer of industrial real estate in the Western and Central U.S., today announced that Building 1 at CapRock Central Point III in Visalia, has been fully leased to an undisclosed global corporate tenant. The 1,270,750-square-foot commitment ranks among the largest industrial lease transactions completed in California’s Central Valley in recent years, as CapRock continues to provide best-in-class industrial facilities that serve modern logistics, distribution and manufacturing enterprises.
Building 1 is a Class A logistics and distribution facility spanning approximately 75 acres. It represents the first building within CapRock Central Point III, a four-building, 2.7-million-square-foot speculative industrial development. The project is part of CapRock’s larger 5-million-square-foot, LEED-certified Central Point masterplan, which has consistently attracted major occupiers seeking operational scale, efficiency and strategic access to the Western U.S.
“CapRock Central Point III is designed for the next generation of supply chain strategy,” said Monique Snowden, vice president of asset management at CapRock Partners. “Today’s occupiers are looking for strategic locations that can help them move faster, operate more efficiently and scale with confidence. Visalia delivers a rare combination of access, labor and capacity, and this Building 1 lease further validates the Central Valley’s emergence as a prime logistics hub serving the West Coast and beyond.”
Strategically positioned in the heart of California, Visalia has evolved into one of the state’s most compelling industrial markets. The region offers direct access to major transportation infrastructure, a growing labor force and a business-friendly environment, while providing the scale and cost efficiencies increasingly sought by large occupiers. Industry leaders including UPS, Amazon, Ace Hardware, Smucker’s, VF Corporation, FedEx and International Paper have established operations within Visalia’s expanding industrial corridor.
Located at 4001 N. Plaza Drive, Building 1 provides convenient access to State Route 99 and regional transportation networks connecting to Interstates 5 and 80. The property’s location enables tenants to reach more than 50 million consumers within a one-day ground shipping radius, making it one of the few locations in the United States capable of serving such a significant population base with next-day delivery.
The cross-dock facility features 40-foot clear heights, 274 dock-high doors, two ground-level doors and approximately 6,600 square feet of office space. Additional features include ESFR sprinklers, ample power, 890 automobile parking stalls, a fully secured and fenced yard, drive-around circulation, 185-foot truck court depths and 542 excess trailer parking stalls designed to support high-volume logistics operations.
“The Building 1 lease transaction represents a broader evolution taking place across the supply chain, as occupiers seek greater resiliency, speed to market and long-term operating advantages,” said Bob O’Neill, executive vice president at CapRock Partners. “The Central Valley is a compelling alternative for companies looking to optimize distribution networks while maintaining access to the West Coast’s largest consumer base. CapRock continue invest in facilities that not only meet the sophisticated needs of global tenants but also generate meaningful economic benefits and employment opportunities throughout the region.”
The lease was facilitated by Mike Fowler, executive managing director at JLL, and his partners, Mike McCrary and Mac Hewett. Terms of the lease transaction are undisclosed.
CapRock now owns approximately 3.5 million square feet in the Central Valley, with additional land for future phases of CapRock Central Point.