Majestic Realty Breaks Ground on Third Building at Tejon Ranch

With groundbreaking of its third new building and its fourth joint-venture partnership agreement with Tejon Ranch Co. in the past five years, Majestic Realty Co. continues its positive view of the Tejon Ranch Commerce Center development. The 629,274-square-foot class-A speculative industrial building was designed for single- or multi-tenant use.

Tejon Ranch is being constructed on slightly less than 39 acres fronting Interstate 5, located at the junction of I-5 and Highway 99, just an hour north of the San Fernando Valley/L.A. Basin. This gives distributors immediate access to the West Coast’s principal north-south goods movement corridor, and provides a connection to both the I-15 and I-40 east-west corridors via State Highway 58.

Scheduled for occupancy by mid-2022, the building will deliver 36-foot clear height, a minimum 7-inch floor slab, 136 dock-high doors, 185-foot cross-dock truck courts and ESFR sprinkler system.

“Beginning with our initial partnership agreement in 2016, we’ve remained incredibly bullish about Tejon Ranch and we’re excited to be breaking ground on our third new building with a partner that sees and is committed to implementing a development vision through the same long-term lens,” said Tom Simmons, Majestic Realty Co. vice president.

JLL’s Mike McCrary represents the developers.