Lebec-based Tejon Ranch Co. has partnered with Southern California-based developer Majestic Realty Co. on a nearly 630,000-square-foot, speculative industrial development near the foot of the Grapevine.
This artist's rendering shows a speculative development that recently began construction along Interstate 5 near Laval Road. Tejon Ranch Co. and partner Majestic Realty Co. expect the nearly 630,000-square-foot warehouse building will be ready for a tenant to move in by mid-2022.
Lebec-based Tejon Ranch Co. has partnered with Southern California-based developer Majestic Realty Co. on a nearly 630,000-square-foot, speculative industrial development near the foot of the Grapevine.
Photo courtesy of Tejon Ranch Co.
This artist's rendering shows a speculative development that recently began construction along Interstate 5 near Laval Road. Tejon Ranch Co. and partner Majestic Realty Co. expect the nearly 630,000-square-foot warehouse building will be ready for a tenant to move in by mid-2022.
Speculative development is picking up across Kern County's industrial real estate industry, evident most recently in a large warehouse now under construction along Interstate 5 at the Tejon Ranch Commerce Center.
As the latest joint venture between Lebec-based Tejon Ranch Co. and Southern California development titan Majestic Realty Co., the 629,274-square-foot distribution center-style project spreads across nearly 39 acres near the foot of The Grapevine. With 136 dock-high doors, it is expected to be ready for one or more tenants to move in within about a year.
