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7/27/26
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Building 1 at CapRock Central Point III, a four-building, 2.7 msf speculative industrial development in Visalia, has been fully leased to an undisclosed global corporate tenant. The 1.27 msf commitment ranks among the largest industrial lease transactions completed in California's Central Valley in recent years.
Building 1 is a Class A logistics and distribution facility spanning approximately 75 acres. It represents the first building within CapRock Central Point III, part of CapRock's larger 5 msf, LEED-certified Central Point masterplan, which has consistently attracted major occupiers seeking operational scale, efficiency and strategic access to the Western U.S.
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.
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.
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.
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