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Amazon Is Just the Beginning: More Global Corporations to Move Operations to Greater Silicon Valley
November 8, 2013
Everyone is buzzing about the one-million square foot fulfillment center that Amazon recently built in the City of Tracy, but that’s just the beginning. The Tracy City Council is prepared for many more large companies to bring their operations to their business-friendly city.
As part of their larger 30-year plan for the development of Tracy, the City Council recently annexed a large parcel of land, known as Cordes Ranch, to build an enormous industrial park with over 30 million square feet of entitlements. The Cordes Ranch property, which is located next to interstate 205, spans over 1,700 acres. To put that into perspective, the large Amazon fulfillment center that was recently built occupies only 85 acres.
70% of the Cordes Ranch property has already been purchased by the industrial real estate giant, Prologis. Prologis will invest an additional $213 million into the site.
City officials are ready for the influx of business as they are already in negotiations with large national and global companies looking to set up fulfillment, manufacturing, call center, and business operations at the Cordes Ranch property.
Tracy’s Mayor Brent Ives commented, “Companies are looking for the right and affordable location, a favorable political environment, and a processing climate that can get them in the ground quickly. In Tracy we realized these facts a few years ago and have made all the right moves to optimize these very aspects to welcome new business.”
The Cordes Ranch business park is expected to bring about 36,000 additional jobs to the City of Tracy, which has a large educated workforce that is more than capable of meeting this demand. Mayor Ives described the workforce as “talented, capable and ready.”
Overall, the annexation of the Cordes Ranch property for an industrial park is just one positive example of the City of Tracy and Greater Silicon Valley welcoming businesses.