TRACY, CA—Prologis, Inc. has begun work a newdevelopment project here totaling 1 million square feet(92,900 square meters).

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Prologis International Park of Commerce islocated within a 60-mile radius of three international airports,the Port of Oakland, the Port ofStockton, BNSF intermodal and UPintermodal. Its adjacency to I-5, I-205 and I-580 providescustomers with direct access to the Bay Area's growing populationof 7.4 million.

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At full build-out of 19 million square feet (1.8 million squaremeters), the park will be Northern California's largestmaster-planned park.

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“The park's desirable location will allow Bay Area companies toleverage San Joaquin County's resources,” saidTracy mayor Brent Ives. “This project will allowmany of our residents to improve their quality of life by endingtheir daily commute and securing a job in Tracy.”

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The park's first building will be one of the most advanced ofits kind in the United States. Designed for the demands of today'scustomers, the facility will include 40-foot clearheight and significant vehicle and trailer parking withextended staging lanes. It will be constructed to LEEDspecifications.

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“Our Central Valley portfolio is 100% leased and wesee strong market demand for class-A facilities,” said DanLetter, senior vice president and investment officer,Prologis. “Tracy is the first stop in the Central Valley market,and thanks to this partnership with the City of Tracy and SanJoaquin County we can offer industry-leading facilities designed tomeet our customers' requirements.”

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“The Prologis International Park of Commerce puts Tracy in anunprecedented position for economic development and job creation,”said Tracy city manager Troy Brown. “We anticipateapproximately 36,000 new jobs at the park as it reachesbuild-out.”

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David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.