Newport Beach-based CT Realty recently acquired 345 acres of industrial-use land in Stockton, according to a press release issued by the company.
The company plans to develop a 4.4 million square foot logistics center off Arch Road, east of Highway 99 in Stockton. The center will include space for high-clearance distribution, e-commerce/logistics and advanced manufacturing buildings.
“We view this as a long-term development opportunity to assemble a world-class logistics campus in one of the strongest markets in America,” said Carter Ewing, Managing Partner of CT Realty, 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 first phase of the development will cover approximately 1.7 million square feet in three different buildings, the largest of which will cover 1.12 million square feet. According to CT Realty, that is the single largest spec building to be developed in Northern California.
Ewing said that the location of the new development is important due to its proximity to rail systems, ports. Stockton Metropolitan Airport and the Port of Stockton both make such builds attractive to potential users.
“Investing in buildings that are strategically located near this infrastructure is integral to meeting the demands of today’s most progressive logistics users, and this is at the heart of our national strategy,” Ewing said.
The project will break ground this month.


Please enter your comment!
Please enter your name here