Ethan Conrad Properties acquires the Merced Mall

Hey Merced, let’s warmly welcome Ethan Conrad Properties!

Ethan Conrad Properties acquires the Merced Mall. The mall, strategically positioned at the best retail location in Merced, will be renamed Marketplace at Merced. ECP has already received significant interest from over 300,000 SF of anchor tenants. The renovation project calls for 2 additional pads along W. Olive Avenue. More good things are ahead for Merced.

https://www.facebook.com/photo/?fbid=845800827584142&set=a.216633650500866

Refresco acquires VBC Bottling Company, beverage manufacturer in Modesto, California.

On April 2, Refresco completed the acquisition of the VBC Bottling Company, a family-owned contract manufacturer of premium beverages, strategically located in Modesto, California. This acquisition is a step forward towards Refresco’ s vision of ‘our drinks on every table.’ A key component of our strategy is to identify the right opportunities for acquisitions. This acquisition aligns well with our strategy as it provides strategic growth, key manufacturing capacity and enables Refresco to expand geographically. In addition, this investment provides us with capacity for strategic categories so we can support their fast growth.

CEO Refresco, Hans Roelofs, commented:
“Acquiring VBC is another step in executing our proven Buy & Build strategy. The company’s strong customer base strategically located facility, and warehousing capacity further strengthens our footprint in North America. Additional canning capacity along the West Coast improves our ability to service all our contract manufacturing customers.”

Brad Goist, Chief Operating Officer at Refresco North America, said:
“This acquisition is a step forward towards Refresco’s vision of ‘Our drinks on every table.’ We will integrate VBC Bottling Company into our operations to better serve our customers and support their growth goals in the various categories where capacity is needed. I look forward to welcoming the more than 180 employees to the Refresco team and seeing what successes we accomplish together as a team and in the years to come.”

We are all excited about this great addition to our operations and give our new colleagues a warm welcome to the team!

https://www.refresco-na.com/na/stories/refresco-north-america-acquires-new-facility-modesto-california/

At 3.8M Square Feet, Visalia’s Largest Industrial Development Unveils EIR

Atlanta-based Seefried Industries has submitted an environmental impact report (EIR) to the City of Visalia for a 284-acre industrial park at the northwest corner of Shirk Street and Riggin Avenue. The big project would require annexation into city limits to move forward. It would expand the Visalia Industrial Park to the north.

Called the Shirk and Riggin Industrial Project, the development would be the largest in City of Visalia history with plans to build 3.82 million square feet of industrial buildings with more than 4000 workers once all phases are constructed. The site plan shows 3,750 parking places for all types of vehicles.

The applicant plans eight industrial buildings for warehouse, distribution and light manufacturing; six flex industrial buildings; two drive-through restaurants; a convenience store; a recreational vehicle and self-storage facility; gas station and car wash.

The footprint shows multiple phases of large industrial buildings, with the corner of Shirk Street and Riggin Avenue having several retail uses located across the street from a proposed Costco shopping center.

The EIR says the project would offer four access points along Shirk Street, five access points along Riggin Avenue and five along Kelsey Street. Onsite orchards would need to be removed, and appropriate landscaping and lighting would be incorporated into the overall site design consistent with applicable city requirements and guidelines.

The project’s draft EIR was filed Thursday with a comment period ending May 28. As is typical, a final EIR would be released, and consideration by the city council after that before the project is submitted to the Tulare County Local Agency Formation Commission (LAFCO) for annexation.

Founded in 1984 by Ferdinand Seefried, Seefried Industrial Properties is a privately held real estate firm that focuses on the development, leasing and management of industrial properties across the U.S. The firm primarily focuses on development in core industrial markets and build-to-suits with tenants in core and second-tier markets. Seefried leases and manages approximately 25 million square feet for its institutional and European clients and has developed more than 200 million square feet of space valued in excess of $18 billion across 30-plus markets. Based in Atlanta, the firm has regional offices in Dallas, Chicago, Los Angeles and Phoenix.

New $30M investment

In Visalia, Seefried built and leased the 1.2 million square-foot Ace Hardware distribution center on Plaza Drive — now in full operation. In related news, Ace Hardware is installing a $30 million conveyor system expected to automate deliveries from Visalia to all parts of California in a speedy manner. The end result is expected to be higher e-commerce sales from Visalia that could boost the city’s tax revenue.

Seefried also has plans for a second 500,000 square-foot spec warehouse nearby at Goshen Avenue and American Street. The company purchased the Shirk and Riggin property from the Ritchie family.

The company’s site plan for the new industrial park indicates two huge buildings on Kelsey would be first to be constructed, adding up to about 1.8 million square feet across from Amazon.

Seefried is pressing on with these massive plans despite the fact that the warehouse market has cooled in California and in Visalia.

https://thebusinessjournal.com/at-3-8m-square-feet-visalias-largest-industrial-development-unveils-eir/

California’s new steel facility in 50 years coming to Kern County

BAKERSFIELD, Calif. (KGET) — California’s first new steel production facility in 50 years is set to be built in Kern County. On Wednesday, the Kern County Board of Supervisors approved the $540 million project by Pacific Steel Group. Chevron fined millions by state agencies for oil spills in Kern County. The “zero process carbon emissions rebar mill” will be constructed near Mojave. The group also released an artist’s rendering of the project. The mega facility is expected to create around 400 full-time jobs and 515 construction jobs.

https://www.msn.com/en-us/money/markets/california-s-new-steel-facility-in-50-years-coming-to-kern-county/ar-BB1kiZZo#

Ribbon cutting for McKinley interchange June 12, groundbreaking for 120 Bypass/99 work is July 17

Manteca — when Mayor Gary Singh and fellow council members along with other dignitaries cut the ribbon to open the McKinley Avenue interchange next month — will  have done something no other California city of under 100,000 has done this century.

And that’s complete three major interchange projects, including two done with lion’s share of the cost being funded by the city.

It started with the replacement interchange at Lathrop Road and Highway 99 that was completed in 2012.

It included completing the transformation of the Union Road and 120 Bypass interchange in 2020 as the first diverging diamond interchange in California.

And it will be marked Wednesday, June 12, with the Mckinley ribbon cutting for what will be the fifth interchange along the 6-mile stretch of the 120 Bypass.

That’s three new or revamped interchanges opening within 12 years at a cost in excess of $85 million.

And the city is just getting started.

On Monday, July 17, the groundbreaking for the first of three phases involved in the $154 million Highway 99/120 Bypass/Austin Road interchanges will take place.

That will address two more interchanges, bringing the number to five.

Meanwhile, the city is in the process of funding preliminary work to repeat the diverging diamond redo at Union Road including the separate pedestrian crossing for the 120 Bypass at Airport Way and Main Street.

The first of the two projects to break ground is expected to be Airport Way.

Singh’s goal is to see the three additional projects completed within the next 10 years.

If that happens, the city will have had a role in seven major interchange projects in 22 years with an overall tab in excess of $300 million.

The first phase of the 120/99 work includes more than $8 million in city funding to allow the replacement overpass on Austin Road that would also bridge Moffat Boulevard and the railroad tracks to be widened to four lanes.

The balance of the first phase funding has already been lined up. Work includes adding a second transition lane from the eastbound 120 Bypass to southbound Highway 99.

When the first phase is completed in two years or so, the funding is expected to be in place to add a second transition lane from northbound Highway 99 to the westbound 120 Bypass.

The third phase will require Manteca to secure much of the funding.

It involves long expensive braided ramps to restore access to northbound Highway 99 from Austin and access to Austin Road from southbound Highway 99.

Because the Austin Road and 120 Bypass/Highway 99 interchanges are so close, access for traffic going to and from Austin Road from the 120 Bypass requires ramps to start for such movements far away from the interchange.

It is needed to avoid traffic slowdowns, congestion, and reduce the potential for accidents.

As an example, it will require the off-ramp for eastbound 120 Bypass traffic heading to Austin Road to start just past the Main Street on ramp.

The ramp will then need a separate bridge structure to cross Moffat and the railroad tracks. As it curves alongside the transition lanes to Highway 99, another ramp for northbound  Highway 99 traffic seeking to exit at Austin Road will start at a point between the Yosemite Avenue and 120 Bypass interchanges on the Highway 99 corridor.

Those two ramps will braid somewhere between the 120 Bypass and 99 interchanges to allow access to both northbound and southbound Austin Road.

Given the ramps will open up a large swath of southeast Manteca to development, the city is pursuing a benefit district to fund the city’s share of the project.

The third phase will also include the widening of the Bypass from Highway 99 to Airport Way to six lanes with the potential for transition lanes between interchanges such as the one on either side of the Union Road interchange.

https://www.mantecabulletin.com/news/local-news/ribbon-cutting-mckinley-interchange-june-12-groundbreaking-120-bypass99-work-july-17/

XB-1 Program Developments

Boom Supersonic completed the inaugural flight of XB-1, the world’s first independently developed supersonic jet, at Mojave Air & Space Port. The flight occurred in the “same hallowed airspace where the Bell X-1 first broke the sound barrier in 1947,” according to the company’s founder and CEO, Blake Scholl. The flight testing will aid the development of Overture, a supersonic jet designed to transport passengers up to 1,300 mph at an altitude of 60,000 feet. For more information about today’s milestone achievement

https://boomsupersonic.com/xb-1

US Cold Storage in Tulare plans $76 mil expansion after food package deal

United States Cold Storage Inc. expects to complete an 8.56- million-cubic-foot refrigerated addition at its Tulare North warehouse in Tulare come February 2025.

This $75.7 million expansion will include some of the industry’s latest storage and retrieval automation and bring the operation’s total space to more than 24.7 million cubic feet, the largest single footprint in the company’s network.

“I am thrilled for our fifth strategic expansion in Tulare,” said Rod Noll, USCS senior vice president for the Western Region. “This expansion reflects the continued growth of some of our major customers who are broadening their manufacturing capabilities. Specifically, we have a consumer-packaged goods customer relocating its business to northern California and to this facility.

“Meanwhile, we also look forward to contributing to the local Tulare business community and creating additional job opportunities.”

Tulare City Manager Marc Mondell added praise. “US Cold Storage has been a fantastic local employer and partner for over 20 years,” he said.  We are thrilled that they are making another large investment into their Tulare facility and look forward to many more years of successful collaboration.”

US Cold Storage plans to break ground for the attached expansion this month, which will ultimately include two new refrigerated rooms capable of storage down to -20F degrees. Officials expect by this November to complete a conventional storage space spanning 3.08 million cubic feet. A second, 5.48 million-cubic- foot room is scheduled to open in February 2025. That space will feature very narrow aisle storage serviced by a warehouse guidance system and semi-automated, turret-style storage and retrieval forklifts.

Upon completion, Tulare North will have approximately 98,500 available pallet positions. The addition also includes 23 more shipping and receiving doors for the operation’s dock, which will boast 73 doors after completion.

“Tulare North is one of our largest facilities in the West Region,” Noll added. “Being a multi-dimensional facility, it can handle a large range of storage temperature requirements. Offering the flexibility of food grade ambient, refrigerated, frozen, and ice cream storage temps allows us to customize our services for many types of customers and many stages of production.”

USCS first built its Tulare North operation in 2002 as a 3.4 million-cubic-foot dry warehouse. Tulare North also offers import and export services, rail handling and product re-pack services. It also is certified according to the BRCGS Food Safety Global Standard. USCS also services the area from a second Tulare operation, a 7.3 million-cubic-foot Tulare South facility, which also offers ambient and refrigerated storage. USCS’s cold storage and logistics network spans 40 sites from coast to coast, including nine California locations from Sacramento and south to Bakersfield.  The company is a subsidiary of the U.K.’s John Swire & Sons Ltd.

https://www.visaliatimesdelta.com/story/news/2024/02/05/us-cold-storage-in-tulare-plans-76-mil-expansion-after-food-package-deal/72451106007/

$100M Scannell Warehouse Project Seeks Local Contractors

With the Fresno City Council’s final approval Feb. 22 of the $100 million, 900,000 square-foot foot warehouse development by Scannell Properties, it’s time to start learning about bid opportunities.

The Fresno County Economic Development Corp. is hosting a bidders webinar for local contractors Friday, March 15 at 2 p.m. Valencia-based general contractor on the project Storie and Severson Construction will take part.

Nearly two dozen specialty areas are being sought, including asphalt paving, concrete (large scale site and tilt-up), cubs, electrical, HVAC, plumbing and roofing.

Contactors will also be able to learn about local pre-apprenticeship program.

Located off Marks Avenue just north of Highway 180, the speculative project by the national developer is expected to create up to 1,000 long-term industrial jobs and employ 1,000 construction workers.

https://thebusinessjournal.com/100m-scannell-warehouse-project-seeks-local-contractors/

Massive shipping terminal nears completion in Visalia

VISALIA – Visalia is establishing itself as a core shipping hub in California, as evidenced by a 1-million-square-foot shipping facility on track for completion in June.

Bob O’Neill, the senior vice president of acquisitions for industrial real estate agency CapRock Partners, told The Sun-Gazette that Visalia is perfectly situated for shipping. CapRock is the agency responsible for the construction of the new facility.

“One thing we like about Visalia is its central location,” O’Neill said. “It is one of the only locations where a truck driver can do a one-day turnaround within their eight-hour shift.”

O’Neill explained that the two major ports in California are Long Beach and the Bay Area, both of which can be reached from Visalia.

“Corporate occupiers like it because they can play the shipping lines and ports off of each other and have diversification and pricing power,” O’Neill said. “It is also a location that can service over 50 million people in the western U.S. That is something that is very attractive to us and the tenants we attract.”

The current buildout is just the beginning of CapRock’s investment. The property will ultimately bring more than 5 million square feet of warehouse space. The project is staggered, so once a tenant is occupying the first building, the next building will begin construction.

“It is a long-term commitment,” O’Neill said. “We really like working with the city, we believe in the region; so these are long-term investments for us.”

O’Neill said that the city has been helpful in navigating the permitting process and has been highly supportive throughout the project. CapRock first began investing in construction projects in Visalia in 2017. O’Neill said the biggest challenges up to this point have been the market timing.

“The biggest challenges have been navigating inflation which has caused significant construction cost increases and significant increases in financing costs for our construction loan,” O’Neill said. “We have been able to work through those and find a window in time that has enabled us to move forward with this project and deliver it this summer.”

A tenant has not yet been identified for the current space, but O’Neill said he anticipates a Fortune 500 corporation to occupy the property. CapRock has received “very preliminary” inquiries, according to O’Neill.

Depending on the occupant, O’Neill believes the project could employ anywhere from 300 to over 1,000 people. While the building is expected to be some type of shipping hub, O’Neill said similar buildings have been used for light manufacturing and assembly.

Companies such as Tesla frequently occupy large warehouse buildings to construct solar chargers and battery stations, which are then shipped to locations where they are installed.

“We build our facilities to be flexible in terms of what kinds of tenants can occupy them,” O’Neill said. “One of the types of tenants that we have fielded inquiries from in other markets has been the manufacturing type, with some assembly, and also a component of distribution.”

The building currently has the walls up and the roof finished. O’Neill said the next phase of the project will be paint, which he said will happen soon. At that point, O’Neill anticipates rapid increases in interest from tenants who can see the light at the end of the tunnel for the project.

Two other developments, known as CapRock Central Point 1 and 2, were completed in 2021. The shipping hub is located at 4001 Plaza Drive, which offers easy access to freeways, rail lines and airports. The building is expected to be completed in June.

https://thesungazette.com/article/business/2024/03/12/massive-shipping-terminal-nears-completion-in-visalia/

Plan calls for football stadium, 2 community parks, pair of lakes 668 housing units plus 339,886 square feet of commercial uses

The housing includes:

*80 apartments incorporated with mixed use commercial.

*378 units in more traditional apartment complexes.

Cambay Group — the developer of River Islands — will retain ownership of the apartments.

Having 668 living units integrated with commercial uses along with recreational amenities is designed to make the town center neighborhood walkable for those that reside there. A stadium that River Islands will use for home football games will be under the control of a private entity just like the Islanders baseball field and adjoining soccer complex.

As such, they are designed to be employed for a variety of community uses that could range from concerts and car shows to festivals and more. The Lathrop Polce Department headquarters is also part of the town center. There will be two manmade lakes.

River Islands President Susan Dell’Osso has noted in the past that the goal is to lure restaurants that can offer lakeside dining among other uses. There are no “box-style” commercial endeavors envisioned for the town center. With the close proximity of the stadium and baseball field, such a design lends itself to attendees of the games to walk to nearby restaurants before or after games. The idea of a town center stadium was inspired by Dell’Osso’s high school days in Southern California where high school games were played at a community college stadium on top of a commercial area. Classmates — and family of players as well as others attending — would often walk to restaurants after games to dine. There will also be two community parks in the town center neighborhood.

https://www.mantecabulletin.com/news/local-news/plan-calls-football-stadium-2-community-parks-pair-lakes-668-housing-units-plus-339886-square-feet-commercial-uses/