Please ensure Javascript is enabled for purposes of website accessibility

Poorest Americans Dealt Biggest Blow Under Senate Republican Tax Package

9 hours ago

Trump Vowed to Dismantle MS-13. His Deal With Bukele Threatens That Effort.

13 hours ago

Ukraine Voices Concern as US Halts Some Missile Shipments

13 hours ago

Poll: Most Americans Say National Divide, Political Violence Threaten Democracy

13 hours ago

Paramount Settles With Trump Over ‘60 Minutes’ Interview for $16 Million

14 hours ago

Republicans Tee up House Vote on Trump Bill, Outcome Uncertain

14 hours ago

What’s Next for Sean ‘Diddy’ Combs After His Sex Trafficking Trial?

14 hours ago

Dalai Lama Says He Will Be Reincarnated, Trust Will Identify Successor

14 hours ago
Developer Who Has Built for Amazon Before Breaks Ground on Visalia Mega-Warehouse
By admin
Published 2 years ago on
September 1, 2023

Share

Getting your Trinity Audio player ready...

Amazon executives want to double the number of same-day shipping centers in the U.S.

At the same time, a developer whose warehouse portfolio includes Visalia’s two other Amazon fulfillment centers broke ground Aug. 24 on a 1.27 million-square-foot building designed for delivery space.

Amazon representatives say the space isn’t being built for the company. And, Visalia Economic Development Director Devon Jones said he didn’t know if Amazon was expanding its distribution footprint there.

But sources familiar with the matter say it will become Amazon’s third warehouse in the city.

Development company CapRock Partners announced in a news release that it has begun construction on the first of four buildings in a center that will eventually total 2.7 million square feet.  CapRock built the other two Amazon warehouses in Visalia.

“CapRock is excited to be underway in constructing the first building at CapRock Central Point III in Visalia, a vibrant industrial market and logistics hub providing unmatched connectivity in the heart of California’s Central Valley,” said Bob O’Neill, senior vice president of acquisitions at CapRock Partners. “CapRock has completed multiple large-scale facilities in Visalia catering to Fortune 100 corporations.”

The four-building campus is at 4001 N. Plaza Drive. The property is easily accessible to Highway 99, which connects to major interstates such as I-5 and I-80. It also is less than 40 miles to Fresno Yosemite International Airport.

Architectural rendering of CapRock Partners’ 1.27-million-square-foot industrial warehouse now under construction in Visalia. (CapRock Partners)

Amazon Boosting Delivery Speeds, Even at Added Costs

Over the past few years, Amazon has been changing its delivery model from a centralized one to a more regionalized one, said Amazon CEO Andy Jassy in the company’s Aug. 3 investor call. That has meant adding more fulfillment centers throughout the country. It also means having inventory spread across the company’s eight regions.

“Sometimes I hear people make the argument Amazon is chasing faster speed while driving its costs higher. … This argument is incorrect,” Jassy said.

Jassy said he wants fulfillment centers closer to customers so goods travel shorter distances. Jassy said he wants to double the number of same-day shipping centers.

These centers store Amazon’s 100,000 best-selling items and are in the biggest U.S. metros.

“The experience has been so positive for customers in our business, that we’re planning to double the number of these facilities,” Jassy said. “We believe we are far from the law of diminishing returns in improving speed for customers.”

‘Convenience’ Has Driven Profit Rebound in 2023: Amazon CFO

While 2022 wasn’t a good year financially for the company, profits have rebounded. Stock in the company fell 51% in 2022, according to CNBC. Economists blamed inflation and interest rates on the decline. In 2022, Jassy blamed too much hiring and too many warehouses built.

However, executives attributed faster delivery speeds as the main reason profitability increased in 2023. Better delivery speeds were brought about in part by more fulfillment centers.

The company’s fiscal year 2023 global profits increased 11% to $134.4 billion. In the investor call, Amazon CFO Brian Olsavsky attributed the recovery to “price and convenience.”

Visalia’s Amazon footprint has exceeded that of Fresno’s since the first warehouse was built. The three Amazon centers in Fresno add up to 1.5 million square feet.

Visalia’s two existing Amazon warehouses total 2.46 million square feet, according to Jones. Adding the third warehouse would push that amount to 3.73 million square feet in Visalia.

CapRock Built Amazon’s Other Visalia Warehouses

CapRock developed Amazon’s two other distribution centers in Visalia, according to Jones, the city’s economic development manager.

Calls made to CapRock Partners for comment on this story were not immediately returned.

The building will be designed with logistics in mind.

With 274 dock doors and 40-foot ceilings, the building will accommodate regular truck traffic.

Designs for the other three buildings have been completed and approved, according to a news release.

“The groundbreaking of Building 1 at CapRock Central Point III represents Visalia’s advancement as a preferred location for distribution and an essential link in the U.S. logistics supply chain,” said Mike Fowler, executive managing director for real estate company Jones Lang LaSalle.

Regardless of the tenant, Jones said, investment in Visalia is good for the community.

“We are very fortunate to have quality industrial developers such as CapRock, Diversified Development Group, Seefried, G4, and YS Industries invested in our community,” Jones said in an email to GV Wire. “We will continue to work with our development partners and continue to capitalize on our strategic location in the middle of the 5th largest economy in the world, our incredibly hard-working regional workforce, and availability of shovel-ready zoned land to generate primary jobs for Visalia and the region.”

 

RELATED TOPICS:

DON'T MISS

What Are Fresno Real Estate Experts Predicting for 2025 and Beyond?

DON'T MISS

First California EV Mandates Hit Automakers This Year. Most Are Not Even Close

DON'T MISS

House Republicans Say They Expect to Vote Tonight on Trump’s Tax-Cut Bill

DON'T MISS

San Luis Obispo’s Madre Fire Grows to 8,300 Acres, Prompts Evacuations

DON'T MISS

SLO Deputies Fatally Shoot Man in Los Osos Weeks After US Marshal Impersonation Arrest

DON'T MISS

Madera County Deputy Injured, Wanted Felon Arrested After Violent Struggle

DON'T MISS

San Luis Obispo County Wildfire Burns More Than 3,000 Acres. No Containment Yet

DON'T MISS

Wired Wednesday: Why Is State Lawmaker Taking Aim at Rooftop Solar?

DON'T MISS

Two Visalia Men Sentenced in 2021 Motel Killing

DON'T MISS

Ex-Jan. 6 Defendant Gets Life in Prison for Plot to Kill FBI Agents

DON'T MISS

Del Monte Files for Bankruptcy. Gets Nearly $1B to Keep Producing Through Process

DON'T MISS

Who is Running for Fresno Area Offices in 2026? An Updated Look

UP NEXT

SLO Deputies Fatally Shoot Man in Los Osos Weeks After US Marshal Impersonation Arrest

UP NEXT

Madera County Deputy Injured, Wanted Felon Arrested After Violent Struggle

UP NEXT

Two Visalia Men Sentenced in 2021 Motel Killing

UP NEXT

Del Monte Files for Bankruptcy. Gets Nearly $1B to Keep Producing Through Process

UP NEXT

Who is Running for Fresno Area Offices in 2026? An Updated Look

UP NEXT

Check Out Newest Downtown Mural. It’s a Spectacular Tribute to Fresno Artisans

UP NEXT

Valley Children’s Goes Into News Business to Highlight Stories at the Hospital

UP NEXT

Valley Crime Stoppers’ Most Wanted Person of the Day: Logan Ryan Martin

UP NEXT

Fresno Police to Hold DUI Checkpoint on Independence Day

UP NEXT

Four Rescued After Kings River Float Turns Dangerous

Madera County Deputy Injured, Wanted Felon Arrested After Violent Struggle

7 hours ago

San Luis Obispo County Wildfire Burns More Than 3,000 Acres. No Containment Yet

7 hours ago

Wired Wednesday: Why Is State Lawmaker Taking Aim at Rooftop Solar?

7 hours ago

Two Visalia Men Sentenced in 2021 Motel Killing

8 hours ago

Ex-Jan. 6 Defendant Gets Life in Prison for Plot to Kill FBI Agents

8 hours ago

Del Monte Files for Bankruptcy. Gets Nearly $1B to Keep Producing Through Process

8 hours ago

Who is Running for Fresno Area Offices in 2026? An Updated Look

9 hours ago

CIA Review Finds Flaws but Does Not Dispute Finding Putin Sought to Sway 2016 Vote to Trump

9 hours ago

Poorest Americans Dealt Biggest Blow Under Senate Republican Tax Package

9 hours ago

Check Out Newest Downtown Mural. It’s a Spectacular Tribute to Fresno Artisans

10 hours ago

House Republicans Say They Expect to Vote Tonight on Trump’s Tax-Cut Bill

WASHINGTON – Republicans in the House of Representatives on Wednesday struggled to pass President Donald Trump’s massive tax-cut...

6 hours ago

Speaker of the House Mike Johnson speaks to the press, as Republican lawmakers struggle to pass U.S. President Donald Trump's sweeping spending and tax bill, on Capitol Hill, in Washington, D.C., U.S., July 2, 2025. (Reuters/Annabelle Gordon)
6 hours ago

House Republicans Say They Expect to Vote Tonight on Trump’s Tax-Cut Bill

The Madre Fire in San Luis Obispo County has rapidly expanded to 8,396 acres with no containment, prompting evacuation orders and warnings near New Cuyama. (CalFire)
6 hours ago

San Luis Obispo’s Madre Fire Grows to 8,300 Acres, Prompts Evacuations

Andrew Biscay, 40, was arrested Friday, June 20, 2025, after deputies found him with a fake U.S. Marshal’s badge, homemade firearm, and law enforcement-style gear during a warrant arrest. (Madera County SO)
6 hours ago

SLO Deputies Fatally Shoot Man in Los Osos Weeks After US Marshal Impersonation Arrest

On Tuesday, July 1, 2025, a Madera County sheriff’s deputy was injured while trying to arrest a wanted felon, Felix Adrian Nucamendi Carrasco, 40, who later fled and was captured near Raymond Road. (Madera County SO)
7 hours ago

Madera County Deputy Injured, Wanted Felon Arrested After Violent Struggle

A wildfire dubbed the Madre Fire has burned over 3,300 acres near New Cuyama with 0% containment, officials said Wednesday, July 2, 2025. (CalFire)
7 hours ago

San Luis Obispo County Wildfire Burns More Than 3,000 Acres. No Containment Yet

7 hours ago

Wired Wednesday: Why Is State Lawmaker Taking Aim at Rooftop Solar?

Jose Luna (left), 33, and Ralph Grajeda, 45, both of Visalia, have been sentenced for their roles in the 2020 shotgun killing of Robert Soto at a local motel. (Tulare County DA)
8 hours ago

Two Visalia Men Sentenced in 2021 Motel Killing

A U.S. Justice Department logo or seal showing Justice Department headquarters, known as "Main Justice," is seen behind the podium in the Department's headquarters briefing room before a news conference with the Attorney General in Washington, January 24, 2023. (Reuters File)
8 hours ago

Ex-Jan. 6 Defendant Gets Life in Prison for Plot to Kill FBI Agents

Help continue the work that gets you the news that matters most.

Search

Send this to a friend