Preview: Tejon Ranch Build-Out

With L.A. County tenants scrambling to find industrial space, Tejon Ranch Co. has one potential solution at its property just across the line in Kern County. The agriculture and real estate company has signed a join venture agreement with Majestic Realty Co. to build a 580,000-square-foot spec warehouse along the 5 freeway. The new building will stand next to a 480,000-square-foot warehouse that the two companies built in 2017 and subsequently leased to Dollar General Corp. and L’Oreal USA. Read the full story in the Feb. 18 issue of the San Fernando Valley Business Journal.