CapRock Partners broke ground on Building 1 at CapRock Central Point III, a 2.7-million-square-foot, four-building speculative industrial complex in Visalia. Building 1 will bring 1,270,750 square feet of Class A logistics and distribution space to the Central Valley at completion, which is anticipated in the third quarter of 2024.

Central Point III is CapRock’s third development project within the larger five-million-square-foot Central Point masterplan. The firm was one of the first major movers in the Visalia industrial real estate market and completed CapRock Central Point I and CapRock Central Point II in 2021 as build-to-suit developments for an e-commerce company.

“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,” said Bob O’Neill, SVP, acquisitions at CapRock Partners. 

Connect Orange County will take place Sept. 27, 2023 at VEA | Newport Beach Marriott in Newport Beach, concurrently with Connect Healthcare Real Estate on Sept. 27 and 28. Click here to register for Connect Orange County, and here to register for Connect Healthcare Real Estate.