Formed in early 2017, Majestic Realty Co.’s joint venture partnership with Tejon Ranch Co., the master developer of the Tejon Ranch Commerce Center, has grown into one of our portfolio’s highlights.  Together, Majestic and Tejon now own 5 buildings which total nearly 2.8 Million of Tejon Ranch Co.’s 20 Million Square Foot Planned Development.

More on Tejon Ranch Commerce Center

• The Tejon Ranch Commerce Center is a state-of-the-art commercial/industrial development planned to include 20 million square feet on Interstate 5 just north of the Los Angeles basin. Nearly 8.9 million square feet of industrial, commercial and retail space has or is being developed, including distribution centers for IKEA, Caterpillar, Famous Footwear, L’Oréal USA, and Dollar General.  The Tejon Ranch Co.—Majestic Realty Co. partnership owns 2.8 million square feet of the developed space.
• The Tejon Ranch Commerce Center has more than 11 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 10 months.
• An apartment community is now under construction at Tejon Ranch Commerce Center and will be a convenient housing option for the thousands of employees working within the Commerce Center and surrounding area.
• 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. Grapevine at Tejon Ranch is planned for the area immediately adjacent to the Commerce Center with plans for 12,000 homes and 5.1 million square feet of commercial.
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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.