Seefried Properties, USAA Real Estate begins construction of MSF distribution center in Visalia, California

The facility will be designed to have the capacity to expand, in the future, to approximately 1.3 MSF

VISALIA, California., 23 November 2021 / PRNewswire / – The Phoenix office of Seefried Industrial Properties, along with its financial partner USAA Real Estate, announce the start of construction of a new warehouse and distribution center for a major hardware retailer in the part of the Visalia industrial park (VIP) in Visalia, CALIFORNIA. Hardware company Fortune 500 will lease a new 1,033,500 square foot building when construction is completed in the fourth quarter of 2022.

Render of a 1,033,500 square foot distribution center in Visalia, California.

“We were fortunate to find a site that could meet this requirement due to the continued growth of the Visalia industrial market and the region as a whole, ”said Jason quintel, first vice-president of Seefried. “In an effort to meet the client’s operational guideline, we worked side by side with the City of Visalia to ensure that the deadlines could be met. It has been and has been a great experience working with the city’s economic development, planning, engineering and construction staff throughout this process and we are delighted to deliver a first class facility in the fourth quarter. 2022 for this client. “

Located at 2045 N. Plaza Drive, the new distribution center is being developed on an 81-acre site that USAA and Seefried have assembled through the acquisition of two plots in the third quarter of 2021. The project will be the best of its kind. category and will include 155 docks. -High doors (four levels) in a cross-dock configuration, oversized truck lots up to 140 feet deep, ample parking, +/- 20,000 square feet of office space and a minimum headroom of 40 feet. The off-site improvements will include the construction of a new private road along the southern part of the project site to provide access to the remaining land to the south, which is intended for future development, unrelated to the project, as well as a secondary access for trucks and emergency vehicles.

Clayco is the general contractor, working with architect Lamar Johnson Collaborative and engineering Kimley-Horn.

About Seefried Industrial Properties:
Founded in 1984 by Ferdinand Seefried, Seefried Industrial Properties specializes in the development, leasing and management of industrial real estate in key markets in the United States. Seefried leases and manages approximately 40 million square feet for its institutional and European clients and has developed, or is in the process of developing, over more than 190 million square feet of space valued at over 13 billion dollars in more than 50 markets. Situated at Atlanta, the firm has regional offices in Dallas, Chicago, Los Angeles and Phoenix. For more information, please visit www.seefriedproperties.com

About USAA Real Estate
With over $ 29 billion in assets under management and 11 global offices, USAA Real Estate is an industry leader in acquiring, developing, financing and managing the highest quality real estate assets in North America and Europe. USAA Real Estate’s mission is to serve the financial interests of its investor clients by strengthening the profitability and diversity of USAA’s investment portfolio, which includes multi-family, industrial, office and hotel properties, as well as logistics centers. and e-commerce distribution, media production facilities and data centers. Aligned with a series of strategic partnerships cultivated over decades of co-investing, USAA Real Estate engages with distinguished industry leaders demonstrating proven expertise in the field in a common drive to achieve superior risk-adjusted returns. For more information visit www.usrealco.com