Tejon Ranch (TRC), Majestic Realty Enters JV for Building in Tejon Ranch Commerce Center
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Tejon Ranch Co. and Majestic Realty Co. Finalize Development Agreement
September 20, 2016 2:00 PM EDTJoint venture to develop a 480,000-square-foot industrial building at the Tejon Ranch Commerce Center
TEJON RANCH, Calif.--(BUSINESS WIRE)-- Tejon Ranch Co. (NYSE: TRC) announced today that it has signed a joint venture agreement with Majestic Realty Co., the nations largest privately-held industrial developer, to build an approximate 480,000-square-foot speculative industrial building at the Tejon Ranch Commerce Center.
Majestic Realty Co. is headquartered in Los Angeles County and has a current portfolio of about 78 million square feet of industrial, office and retail space, as a well as... More
