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Tejon Ranch Co., Majestic Realty Co. to Build 580,000 SF Spec Industrial Building in Tejon Ranch, California

TEJON RANCH, CALIF. — Tejon Ranch Co. has announced a third joint venture agreement with Majestic Realty Co. to develop a speculative industrial building at Tejon Ranch Commerce Center (TRCC) in Tejon Ranch.

Situated on 34 acres with more than 2,000 feet of frontage along Interstate 5, the cross-docked distribution facility will feature 580,000 square feet of Class A space, 36-foot clear heights, an ESFR sprinkler system, 62 dock-high doors, 177 trailer parking stalls, 327 vehicle parking stalls and a 180-foot wide truck court. Construction is slated to begin later this year or early 2019, with delivery scheduled for third-quarter 2019.

The new building will be located next to a 480,480-square-foot building, which Tejon and Majestic built in 2017 and leased to Dollar General and L’Oréal USA in 2018.

The joint venture also owns a fully-leased 651,909-square-foot industrial building within TRCC on the west side of Interstate 5, adjacent to IKEA’s 1.8 million-square-foot distribution center.

John DeGrinis of Colliers International will serve as the listing broker for the new facility.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

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