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Logistical Center Groundbreaking Expected Soon
Posted 5/26/2017 by Record NetStockton
Logistical center groundbreaking expected soon
By The Record
STOCKTON — More than 300 acres of industrial land in east Stockton has been purchased to be the future site of high-clearance distribution, logistics and advanced manufacturing buildings.
CT Realty announced in a news release this week it had bought the land valued at $135 million to develop the project, which is expected to break ground later this month. The Stockton site will be home to NorCal Logistics Center, which will include approximately 1.7 million square feet in three buildings, with a 1,122,341-square-foot building that will be the single largest spec building developed in northern California, the news release said.
Two additional buildings of 388,183 square feet and 186,944 square feet will complete Phase 1. The NorCal Logistics Center will have space available for additional buildings ranging in size from 100,000 square feet to more than 1.9 million square feet for future development. According to CT Realty, NorCal Logistics serves a branch of global logistics supply chain infrastructure linked to numerous ports. The closest would be Stockton, but it also says it has links to Oakland; Los Angeles-Long Beach; Portland, Oregon; and Seattle-Tacoma, Washington.
“We view this as a long-term development opportunity to assemble a world-class logistics campus in one of the strongest markets in America,” CT Realty managing partner Carter Ewing said in a statement. “The dynamics of California’s Central Valley region, with an industrial base of more than 185 million square feet, mirror the favorable activity we have encountered over the last three years in Southern California and other major distribution markets in Dallas, Atlanta and Chicago.” The project is designed by Ware Malcomb and construction financing is provided by Cal Bank & Trust and Fifth Third Bank.
By The Record
STOCKTON — More than 300 acres of industrial land in east Stockton has been purchased to be the future site of high-clearance distribution, logistics and advanced manufacturing buildings.
CT Realty announced in a news release this week it had bought the land valued at $135 million to develop the project, which is expected to break ground later this month. The Stockton site will be home to NorCal Logistics Center, which will include approximately 1.7 million square feet in three buildings, with a 1,122,341-square-foot building that will be the single largest spec building developed in northern California, the news release said.
Two additional buildings of 388,183 square feet and 186,944 square feet will complete Phase 1. The NorCal Logistics Center will have space available for additional buildings ranging in size from 100,000 square feet to more than 1.9 million square feet for future development. According to CT Realty, NorCal Logistics serves a branch of global logistics supply chain infrastructure linked to numerous ports. The closest would be Stockton, but it also says it has links to Oakland; Los Angeles-Long Beach; Portland, Oregon; and Seattle-Tacoma, Washington.
“We view this as a long-term development opportunity to assemble a world-class logistics campus in one of the strongest markets in America,” CT Realty managing partner Carter Ewing said in a statement. “The dynamics of California’s Central Valley region, with an industrial base of more than 185 million square feet, mirror the favorable activity we have encountered over the last three years in Southern California and other major distribution markets in Dallas, Atlanta and Chicago.” The project is designed by Ware Malcomb and construction financing is provided by Cal Bank & Trust and Fifth Third Bank.
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