TEJON RANCH SEES COMPLEX BURGEON.Byline: Patricia Farrell Aidem Staff Writer TEJON - Over the Grapevine from Valencia's massive industrial complex, the Tejon Ranch Tejon Ranch Company is the largest private landowner in California. It was incorporated in 1936 to organise the ownership of a large tract of land originally comprised of four Mexican land grants, and began ranching in the 1840's. Co. is making some progress in finding its own market niche as it develops farther north along the I-5 corridor I-5 Corridor can refer to the following:
Tejon Ranch, the largest owner of contiguous real estate in California, is shifting from rancher to developer, and most visible in the metamorphosis is the Tejon Industrial Complex west of the Golden State Freeway The Golden State Freeway is a north-south freeway running through Kern County and Los Angeles County, California. Originally built as U.S. Highway 99, it was re-signed as Interstate 5 in 1964. , just north of Highway 99. Ikea christened the center with a groundbreaking for a 1.8 million- square-foot distribution center earlier this year, and now the company has announced plans for a similar 650-square-foot building to be constructed in partnership with nationally known Dermody Properties, based in Reno, Nev. Tejon's chief financial officer Allen Lyda said there is interest in the project, being built on speculation. The partners are confident there is a market for such large distribution/warehouse-type buildings in the southern tip of the Central Valley. ``If you need to distribute to the north or south, and you need a big location, there are not too many of those along the I-5,'' Lyda said. ``Valencia doesn't build that kind of space, their market is the smaller businesses, the high-tech industry. You won't find a 650,000-square-foot building there. It would cost too much.'' Lyda said Tejon, which also had commercial and residential developments in its master plan, is competing more with Fontana and other inland cities for the distribution center market. ``Our market is looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. low costs - land, labor and transportation - going north and south,'' he said. ``You have that in Kern County. You don't in Valencia. We're competitive in the niche we've carved for ourselves.'' The new partnership, Tejon/Dermody Industrial, says it recognized a strong demand, based on the current number of users in the market. Construction is scheduled to start next month with completion anticipated late this year. Tejon/Dermody has hired Hill Pinckert Architects of Newport Beach Newport Beach, residential and resort city (1990 pop. 66,643), Orange co., S Calif., on Newport Bay and the Pacific Ocean; inc. 1906. It is a popular seaside resort and yachting center. Manufactures include electrical and medical equipment, computers, boats, and adhesives. to design the building. Guinn Construction of Bakersfield will grade the land and Fulmer Construction of Santa Ana Santa Ana, city, El Salvador Santa Ana (sän'tä ä`nä), city (1993 pop. 129,873), W El Salvador. It is the second largest city in the country and the commercial and processing center for a sugarcane, coffee, and cattle region. will be the general contractor A general contractor is an organization or individual that contracts with another organization or individual (the owner) for the construction of a building, road or any other execution of work or facility. . |
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