High-rise commercial buildings

Sub Markets

Property Sectors

Topics

California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

New call-to-action
California  + Bay Area  + Industrial  | 
Wonderful Real Estate has begun construction on its latest one-million-square-foot speculative industrial development in Shafter, California

Wonderful Real Estate Starts Work on Fifth Spec Industrial 

Logistics and mega-distribution center developer Wonderful Real Estate (WRE) has commenced construction on its latest one-million-square-foot speculative development located at 5104 Express Ave. in the Wonderful Industrial Park (WIP) in Shafter. It will be the fifth speculative development WRE has delivered over the past five years.  

The building will encompass nearly 1.09 million square feet on a 74-acre lot that will allow for ample parking with 455 auto spaces and 939 trailer stalls. Delivery is slated for the second quarter of 2024. 

Despite tightening market conditions, WRE is well positioned to pace and build modern logistics facilities as demand dictates, said Jason Gremillion, SVP of development. “One reason is that we utilize our in-house discretionary capital with no outside construction debt or partners to fund projects,” he said. “This allows us to streamline our development process, from concept to finish, and deliver high-quality industrial buildings on time and as promised.” 

Connect

Inside The Story

WRE's Gremillion

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Development
New call-to-action
New call-to-action
New call-to-action