Formed in early 2017, Majestic Realty Co.’s joint venture partnership with Tejon Ranch Co., known as Tejon Ranch Commerce Center, is one of our portfolio’s highlights. Today, our 4 building portfolio totals over 2.3 Million Square Feet.
- The Tejon Ranch Commerce Center is a 20 million square foot state-of-the-art commercial/industrial development on Interstate 5 just north of the Los Angeles basin. Nearly six million square feet of industrial, commercial and retail space has already been developed, including distribution centers for IKEA, Caterpillar, Famous Footwear, L’Oréal USA, and Dollar General. The Tejon Ranch Co.—Majestic Realty Co. partnership owns 1.7 million square feet of the developed space.
- The Tejon Ranch Commerce Center has more than 14 million square feet of available space, with sites ranging from 20,000 to 2 million square feet, fully-entitled, immediately available for sale, lease or build-to-suit, with a proven ability to deliver a building in as little as 9 months.
- The Commerce Center is part of the overall Tejon Ranch master plan, which will include nearly 35,000 homes and 35 million square feet of commercial space. The residential community of Grapevine at Tejon Ranch, is planned for the area immediately adjacent to the Commerce Center. Grapevine’s development plan calls for 12,000-to-14,000 homes. Currently, plans for local apartments are in the works.
About Tejon Ranch Co. (NYSE: TRC)
Tejon Ranch Co. is a diversified real estate development and agribusiness company, whose principal asset is its 270,000-acre land holding located approximately 60 miles north of Los Angeles and 30 miles south of Bakersfield. For more information on the company, please go to www.tejonranch.com. For more information on the Tejon Ranch Commerce Center, please go to www.tejoncommerce.com.