November 11, 2014


Groundbreaking Today, with earth moving equipment, shovels and hardhats on site, Prologis, Inc., the global leader in industrial real estate, held a groundbreaking ceremony for Prologis International Park of Commerce located in Tracy, CA. Many state and city officials, who've had a hand in helping to make this project become a reality, were in attendance to help introduce the new speculative state-of-the-art facility totaling over 1 million square feet. The development is one of the largest on the West Coast, and the largest development in North America for Prologis.

Brent H. Ives, mayor of the City of Tracy, was one of several dignitaries to speak at the ceremony. He noted that this project has been in discussion for the last 16 years even when the city and surrounding areas took a hard economic hit in 2007. The City of Tracy chose to stay the course and invest for when the economy comes back. This project positions Tracy for the next 20 years as the centerpiece of development in the greater Silicon Valley and the Central Valley. Gene Reilly, Prologis' Chief Executive Officer of The Americas, shared Ives' outlook and sees the project as a great example of public-private partnership. Other speakers included Scott Lamson, Prologis' President of the Northwest Region, Dan Letter, Senior Vice President and Investment Officer at Prologis and Ryan George, Vice President & Market Officer with Prologis. Located at the intersection of Mountain House Parkway and W. Schulte Road in Tracy, this new speculative development will be the first building in the planned 19 million square foot build-out over 1800 acres of land. For business owners and users, that equals opportunity to grow into the future. And for the City of Tracy, that means economic growth for years to come.