About the Property
The Tejon Ranch Commerce Center is a 1,450-acre, 20 million square foot state-of-the-art commercial/industrial development on Interstate 5 just north of the Los Angeles basin. Over six million square feet of industrial, commercial and retail space has already been developed, including distribution centers for IKEA, Caterpillar, Famous Footwear, L'Oreal, and Dollar General, and an additional 3 million square feet currently in the development pipeline of which nearly 500,000 square feet is currently under construction.
The Tejon Ranch Commerce Center has 11 million square feet of available retail and industrial space, with sites ranging from 20,000 to 2 million square feet, fully-entitled, immediately available for lease, build-to-suit or sale, with a proven ability to deliver a building in as little as 9 months.
Jobs & Housing
The Commerce Center is part of the overall Tejon Ranch master plan, which will include more than 35,000 homes and 35 million square feet of commercial space. The Tejon Ranch Commerce Center is a highly successful employment center now making the transition to a mixed-use development as a new apartment community of up to 495 units will soon provide quality housing for those employed at TRCC, providing a place where they can live, work and play. 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 homes and 5.1 million square feet of commercial, industrial and civic uses.
About the Location
The Tejon Ranch Commerce Center is located about an hour north of the San Fernando Valley, very near the geographic and population center of California, providing the ability to reach more than 40 million people with next-day delivery and 70 million in two days, with the shortest average distance to major population centers in the western U.S.
Land and leasing costs at the Tejon Ranch Commerce Center are much lower than other major commercial/industrial regions in California, often half the cost or more.
The Commerce Center’s location in unincorporated Kern County gives companies the opportunity to take advantage of the County’s long-held pro-business philosophy which manifests in fast turn-arounds for permits and inspections, as well as its successful "Advance Kern" economic incentive program. Kern County offers individually tailored performance-based tax revenue sharing opportunities with NO CAP on the amount of the incentive or the duration it’s offered.
"Tejon Ranch is in a location that's proven to be a superior value proposition for regional users who need to move goods throughout the Western United States.”
Rishi Thakkar, Director of Real Estate Investments, Dedeaux Properties
The Commerce Center sits on both sides of Interstate 5, giving distributors immediate access to the west coast’s principal north-south goods movement corridor, and an easy connection via State Highway 58 to both the I-15 and I-40 east-west corridors.
"The Tejon Ranch distribution center is strategically located to serve our supply chain needs as we continue to expand westward. From its central location, our supply chain team can deliver goods to stores in northern and southern California in a day.”
John Flanigan, Executive Vice President of Global Supply Chain, Dollar General
"With its excellent accessibility to major highways and airports, TRCC’s location will ensure the rapid delivery of Cat parts to dealers and customers.”
Steve Larson, Vice President of Caterpillar, Inc., Chairman & President, Cat Logistics
Logistics
With its location on Interstate 5, at the geographic center of the state, the Tejon Ranch Commerce Center provides dual port access from the Ports of Los Angeles/Long Beach and the Port of Oakland.
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Direct and immediate access to Interstate 5, which provides unmatched outbound efficiencies for serving the Western US
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All industrial sites eligible for Foreign Trade Zone benefits via activated FTZ #276
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Large adjacent Travel Plazas provide off-site staging areas and services for trucks and substantial amenities for drivers
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Close proximity to both northern Los Angeles County and Bakersfield with ability to serve 40 million consumers within a one-day truck turn and 70 million people in 2 days
"We are extremely happy with outbound efficiency, so much so that our Tejon location will be handling direct turnaround deliveries to our Southern California stores.”
Pam Andrews, General Manager, IKEA’s Tejon Distribution Center
"Having the TA/Petro Travel Centers adjacent to our facility is good for drivers.”
Jess Paredes, Transportation Manager, IKEA’s Tejon Distribution Center
"We’ve found a great talent pool in the local area and have had success filling jobs and retaining associates. Productivity is 15% higher than we had originally expected, with associates routinely able to do as much in five to six hours what we expected would have taken eight hours to do.”
Patrick Rasmussen, Distribution Center Manager, Famous Footwear
Labor
Distribution Center managers at the Tejon Ranch Commerce Center rave about the high-quality and availability of labor. Not only are wage rates lower than other major regions in California, they’ve found their employees to be hard-working, loyal and very productive.
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Labor pool of more than 298,000 within 45 minutes
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Current employee base of about 3,500 FTEs
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Reported turn-over rate less than 5%
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Highly productive workers—up to 15% more productive than anticipated
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No unionized facilities
Highway Retail Opportunities
In the world of highway retail, the Tejon Ranch Commerce Center is already a resounding success. With its unparalleled location on I-5, just south of the junction with Highway 99 between Los Angeles and northern California, the Tejon Ranch Commerce Center, aka, the "Oasis on I-5," is California's favorite highway stopping center and home to the award-winning Outlets at Tejon retail shopping center. A limited number of lease, build-to-suit, or land lease opportunities are still available.
- Access to daily traffic of +/- 80,000 cars
- Main artery between Southern and Northern California
- 25% of Southern California residents report they regularly stop at the Oasis on I-5
- Location of some of the highest-performing stores in top national chains
- Easy on-and-off access to both northbound and southbound traffic
- 10 million + annual visitors
- 2nd largest Tesla Supercharger location providing access to travelers with higher disposable income
- Large employee base of 3,500+ workers
- Coming apartment community will increase pool of on-site residential customers
- Clean, safe environment with high quality architecture
New Apartment Community slated for Commerce Center
Tejon Ranch Co. and Majestic Realty Co. form a new Joint Venture to build up to 495 apartments next to the Outlets at Tejon
Foreign Trade Zone Expands at TRCC
The Commerce Department has approved an expansion of Foreign Trade Zone #276 at the Tejon Ranch Commerce Center. All of the industrial sites at TRCC are now included in FTZ #276, which has expanded to nearly 1,100 acres.
Manufacturers Are Heading to North Los Angeles for Space
Manufacturers are heading to markets north of Los Angeles for industrial space. Tejon Ranch has become a landing pad for these industrial users, who are finding new development, build-to-suit opportunities and good company with companies like IKEA, Caterpillar, Famous Footwear, L'Oreal and Dollar General as neighboring tenants.
Growth High at Commerce Hub
From the San Fernando Valley Business Journal...
The major developments continue at Tejon Ranch Commerce Center, the 1,450-acre commercial and industrial hub on the Los Angeles County and Kern County border. Created by Tejon Ranch Co., the industrial complex is anchored by a 1.7 million-square-foot Ikea warehouse and also includes tenants L’Oreal, Dollar General, Caterpillar, Famous Footwear and Camping World.
Site Selection Comparison Shows Major Advantages at TRCC
Tejon Ranch commissioned a study by an independent, third-party consultant to analyze the factors most important to site selectors, and to see how TRCC compared to other major industrial regions in California. The conclusion? TRCC offers significant advantages.
Camping World to open distribution center in Tejon Ranch Commerce Center
Tejon Ranch, Calif.- Tejon Ranch Co. (NYSE: TRC) is pleased to announce Camping World Holdings, Inc. (NYSE: CWH) as the newest addition at Tejon Ranch Commerce Center (TRCC).
Apparel Company Pre-leases Coming Building
From The Bakersfield Californian...
Tejon Ranch Co. and Majestic Realty Co. pre-lease 445,000 square foot industrial building prior to commencement of construction. LA-based apparel company to consolidate operations at Tejon Ranch Commerce Center.
Kern County Approves $2.3 million incentive for L'OREAL
The County of Kern has approved a new economic incentive for L'Oreal that's worth $2.3 million. The incentive, which will come in the form of rebates on property, sales and use taxes paid by the international beauty company, is based on the number of jobs created. It is the first incentive approved under the new Advance Kern program, which was approved by the Board of Supervisors in November 2017.
At the Crossroads of Growth
IT'S A NO BRAINER! As Los Angeles and its various sub-markets become increasingly constrained in terms of price and available space, growth is moving north. The nearest relief valve is the Tejon Ranch Commerce Center. And with rents for modern Class-A buildings half that of its southern neighbors--what a relief it is! Find out why Tejon Ranch is at the Crossroads of Growth.
For Property Inquiries Please Contact:
BRENT WEIRICK
+1 818 531 9679
License# 00954803
MAC HEWETT
+1 909 467 6902
License# 01920070
MIKE MCCRARY
+1 909 467 6885
License# 01054055
PETER MCWILLIAMS
+1 909 467 6860
License# 00973278
DEREK C. ABBOTT
Executive VP, Real Estate
661 663 4253