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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.”
- ◦Development


