The partnership of Tejon Ranch Co. and Majestic Realty Co. announced it has secured—in advance of construction-- a full-building lease of the next industrial facility planned for its growing portfolio of industrial properties.

The 446,000-square-foot industrial distribution facility will be occupied by Sunrise Brands, a leading designer, producer, distributor, and retailer of both branded and private-label apparel. This newest transaction comes on the heels of the joint venture completing and leasing an adjacent 629,274-square foot distribution center at TRCC to a major retailer. Construction of the new building leased to Sunrise Brands is expected to begin in the first quarter of this year with completion anticipated in the first quarter of 2024.

Until the new facility is ready, Sunrise will temporarily occupy 240,000-square feet of space in another building owned by a Tejon-Majestic joint venture partnership. These two most-recent deals follow a series of transactions over the last 18 months at TRCC involving four building sites, comprised of more than 2.5 million square feet of industrial space currently under construction or planned for construction in 2023. TRCC continues to be 100% leased and 100% occupied.

The new building to be occupied by Sunrise Brands will be a Class A, single load industrial building featuring a 36-foot clear height, seven-inch floor slab and an ESFR sprinkler system. Overall, the Tejon Ranch Commerce Center has nearly 12 million square feet of additional entitled space remaining available for lease, build-to-suit, or sale, with sites accommodating buildings ranging from 20,000 to more than 2 million square feet. The JLL team of Mike McCrary, Mac Hewett, Brent Weirick and Peter McWilliams served as listing brokers for the transaction.

Mike Catalano and Joe Dimola of Savills Inc. represented Sunrise Brands. The Tejon Ranch Commerce Center is Tejon Ranch Co.'s 1,450-acre master planned commercial/industrial development located at the junction of Interstate 5 and Highway 99, about an hour north of the Los Angeles basin. TRCC is also home to multiple distribution centers for IKEA, Camping World, Caterpillar Inc., Dollar General, Famous Footwear, L'Oréal, and others.

All the industrial sites at TRCC are included in Foreign Trade Zone #276, and additionally, companies locating at TRCC are eligible to apply for tax rebate incentives being offered by Kern County.