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Central California Industrial Market Set for 25M SF of Development

The most recent announcements include the selection of Catellus Development Group to build the five million-sf Airport East Business Park.

By John McCloud | Updated on April 21, 2008

STOCKTON, CA-Though California’s San Joaquin Valley can’t match the state’s Inland Empire in regard to the size of its industrial market, announcements over the past half year reveal the region is preparing for a major burst of growth that will ultimately add some 25 million sf to the local inventory. The most recent announcements include the selection of Catellus Development Group to build the five million-sf Airport East Business Park on 550 acres near Stockton Metropolitan Airport and Crate & Barrel’s build-to-suit agreement with Catellus’ Denver-based parent company ProLogis for two distribution buildings totaling 1.23 million sf in nearby Tracy.

The announcements come close on the heels of news regarding two other developments totaling 15 million sf. In February, California Secured Investments of Campbell, CA unveiled plans for Stockton International Logistics Center, a $500 million project, also near the airport, that would have seven million sf of distribution space. In October, Minneapolis-based Opus West Corp. launched a 474-acre distribution center that will feature 8.2 million sf adjacent to Burlington Northern Santa Fe Corp.’s Stockton intermodal facility.

Last year saw close to five million sf added to the market, including IDI’s second 508,800-sf speculative distribution facility at Stockton Centre Point, Panattoni Development Co.’s 443,640-sf spec distribution facility in Stockton’s Airport Gateway Center and Lathrop Industrial Development LLC’s 374,000-sf distribution facility at Lathrop Industrial Park in Lathrop. The figure exceeded the totals for the two preceding years combined.

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