The ground work is complete at Freedom Industrial Park in Madera and construction is set to begin on the development’s first building.
Span Construction and the city of Madera are partnering to build a 98-acre industrial park with 17 buildings on the northwest corner of Pine and Pecan avenues. At full build out, the park could add 1 million square feet of warehouse and manufacturing space to the region while creating hundreds of jobs.
A 65,000-square-foot build-to-suit facility will be the first to go up for a company that will have about 70 jobs, said Bobby Kahn, executive director of the Madera County Economic Development Commission. He declined to reveal who the tenant is, but said an announcement and groundbreaking is planned later this month.
A second 41,000-square-foot building will follow. Half of the building is leased, Kahn said.
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The central San Joaquin Valley has seen a surge in warehouse and manufacturing activity in the last couple of years prompting developers to jump start new industrial projects and construction in existing parks.
▪ Diversified Development Group in Fresno is building the area’s largest speculative industrial project in years. Three buildings for a total of 553,000 square feet are under construction on 30 acres in Malaga.
▪ The Parnagian family, in May, added two 32,000-square-foot buildings to its North Pointe Business Park in south Fresno and started the site work on a third building.
▪ Don Pickett & Associates started construction in May on four 5,000-square-foot buildings in its Hydro Business Park at Brawley Avenue, near Golden State Boulevard in central Fresno.
More may be on the horizon in Madera, Kahn said, where industrial vacancy has been at 1 percent or below for the last two years. Madera was honored in August with a top spot in a national ranking for manufacturing growth.
The county was ranked first among 210 small metro areas nationwide, defined as markets with fewer than 150,000 jobs, by the economic development blog NewGeography.com.