New Industrial Making Underneath Building at the Tejon

TEJON RANCH, Calif., July 07, 2021 (World NEWSWIRE) — Tejon Ranch Co. (NYSE: TRC) announced right now it has commenced building of an approximate 630,000-square-foot speculative industrial creating at the Tejon Ranch Commerce Center (TRCC) with its joint undertaking companion Majestic Realty Co., the nation’s premier privately-held industrial developer.

The new making is located on a +/-39-acre site fronting Interstate 5, quickly to the north of two other industrial services developed by Tejon-Majestic joint ventures in 2017 and 2019. At 629,274 square toes, the new making is the premier of the a few, the other two remaining 480,480 and 579,040 square feet respectively. Tejon and Majestic also have a absolutely leased 651,909 industrial building on the west side of TRCC.

“Given the historical accomplishment we have relished with our earlier speculative constructing developments, with each individual of them leasing up in speedy vogue, the lack of vacant area within Tejon Ranch Commerce Heart, and the amount of demand inquiries we’re fielding for gentle producing, warehouse and distribution place out of Southern California and in other places, we required to transfer as immediately as achievable to convey a further new developing on the internet,” claimed Joseph N. Rentfro, Tejon Ranch Co.’s Executive Vice President of Actual Estate. “Whoever occupies the place will locate our adjacency to Interstate 5 and proximity to both equally the Port of Los Angeles-Prolonged Beach as very well as California’s populace facilities – and our reasonably priced lease prices, ample and high-high-quality labor pool, together with the

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New Industrial Developing Less than Development at the Tejon Ranch Commerce Center

Tejon Ranch Co./Majestic Realty Co. Joint Enterprise setting up its 3rd new developing, a 630,000-square-foot Course-A industrial facility

TEJON RANCH, Calif., July 07, 2021 (Globe NEWSWIRE) — Tejon Ranch Co. (NYSE: TRC) introduced these days it has commenced building of an approximate 630,000-square-foot speculative industrial creating at the Tejon Ranch Commerce Center (TRCC) with its joint enterprise lover Majestic Realty Co., the nation’s premier privately-held industrial developer.

The new making is located on a +/-39-acre web page fronting Interstate 5, straight away to the north of two other industrial services designed by Tejon-Majestic joint ventures in 2017 and 2019. At 629,274 square ft, the new building is the major of the three, the other two staying 480,480 and 579,040 sq. toes respectively. Tejon and Majestic also personal a entirely leased 651,909 industrial constructing on the west side of TRCC.

“Given the historical accomplishment we have enjoyed with our earlier speculative creating developments, with each and every of them leasing up in speedy vogue, the deficiency of vacant space inside Tejon Ranch Commerce Center, and the degree of need inquiries we’re fielding for gentle manufacturing, warehouse and distribution place out of Southern California and elsewhere, we needed to move as swiftly as probable to carry one more new setting up on the internet,” stated Joseph N. Rentfro, Tejon Ranch Co.’s Executive Vice President of Actual Estate. “Whoever occupies the room will obtain our adjacency to Interstate 5 and proximity to both equally the Port of Los Angeles-Prolonged Beach as well as

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