(Read more on the industrial market.)

TEJON RANCH, CA-The Tejon Ranch Co. and the Rockefeller Group Development Corp. have unveiled plans for a second, 120,000-sf building at the Tejon Industrial Complex. The new building will be the second active construction project for the partners at the complex, which is a 1,450-acre master-planned commercial development at the junction of Interstate 5 and Highway 99 about 60 miles north of Los Angeles.

The first building at the complex, a 606,000-sf warehouse, is already under way. Construction is scheduled to begin in December on the new 120,000-sf building, which is being designed to serve manufacturers and smaller warehouse operators.

All off-site improvements for the new building are complete, and Irvine-based architectural firm HPA is finalizing design plans. The partners expect to deliver the completed building by September 2008, with Whittier-based Oltmans Construction overseeing the project.

The new building will be part of a 39-acre section of Tejon Industrial Complex that will be known as the Campus. It will feature industrial buildings ranging from 20,000 sf to 150,000 sf.

At the 606,000-sf building, the concrete walls were tilted into place recently, putting the building past the halfway mark to completion. The partners expect the building will be complete and ready for occupancy by a tenant or multiple tenant users by January. HPA also designed this building, with Fullmer overseeing construction.

According to Tom McCormick, the Rockefeller Group’s SVP of development, the partners aim to serve two distinct groups of potential tenants. “Our first project focused on developing a turnkey solution for warehouse and distribution operators seeking large blocks of modern space,” McCormick says, while the second project will focus on users requiring less space.

The San Fernando Valley submarket is the most logical draw for tenants to the new 120,000-sf building, according to the Colliers International brokerage team of SVPs Thomas Taylor and John DeGrinis. They cite the Valley’s vacancy rate of less than 3%, with virtually no land available for new construction.

Tejon Industrial Complex is already home to 2.5 million sf of existing warehouse facilities and approximately 1,000 employees, including IKEA’s Western North American Distribution Center, Oneida Ltd’s West Coast Distribution Center and more than 60-acres of retail. The joint venture partnership is also securing a Foreign Trade Zone at the site.

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