TEJON RANCH, CA—The highly anticipated Outlets atTejon, a 320,000-square-foot retailcenter from developers the Rockefeller Group andTejon Ranch Co., holds its official grand openingtomorrow. The $90 million development is located halfway betweenLos Angeles and Bakersfield along the 5 freeway.

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“It's a perfect location, especially for outlet retail,beginning with a strong and robust residential market,”Barry Zoeller, VP of corporate communications andmarketing for Tejon Ranch Co., tells GlobeSt.com. “There are 3.2million people living within an hour's drive of the Outlets atTejon, and a tremendous volume of highway traffic that passes thelocation on Interstate 5—65 million people per year.”

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The property sits on 43 acres in Tejon Ranch, which is alreadyknown for attracting a wealth of shoppers. According to Zoeller,“Last year alone, more than 14 million people stopped at theTejon Ranch Commerce Center, where the new outletcenter is located. The Tejon Starbucks isthe highest volume store in California, and one of the top fiveperforming Starbucks in the nation. Outlet shopping is alsobig with international tourists, and given its location onCalifornia's primary north-south highway, the Outlets at Tejon isperfectly positioned to serve groups traveling from SouthernCalifornia to places north and vice versa.”

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The shopping center will open with 100% occupancy. It has signedleases with 70 retailers at the outlet center, includingPolo, H&M, MichaelKors, Nike and California's firstPottery Barn Outlet store. According to Zoeller,demand has been so strong from retailers, the developer hasconsidered a second phase of the development. “When we pull thetrigger on that, of course, depends on the level of demand, but wecould be looking at opening a phase II before the end of 2015,” headds. Phase II would potentially be 154,322 square feet, making thewhole development a 43-acre, 477,149 square footproperty.

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As for the first development phase, Zoeller says it went offwithout a hitch, saying, “Many outlet industry veterans have toldus they haven't seen a project move from concept to execution soquickly—and be embraced by the outlet retail community soreadily—as this one.” Developers launchedthe project in 2012, and the center is opening on time.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.