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1/09/23
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Sunrise Brands has agreed to a pre-lease of still-to-be-constructed, 446k sf industrial facility within Tejon Ranch Commerce Center (TRCC) in Tejon Ranch. Sunrise Brands is a leading designer, producer, distributor, and retailer of both branded and private-label apparel.
The new building will be a Class A, single load industrial facility featuring a 36-foot clear height, seven-inch floor slab and an ESFR sprinkler system. It is being developed by a partnership of Tejon Ranch Co and Majestic Realty Co.
Construction of the new building 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 240k sf of space in another building owned by a Tejon-Majestic joint venture partnership.
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 repped Sunrise Brands. Terms of the lease were not disclosed.
Overall, the Tejon Ranch Commerce Center has nearly 12 msf of additional entitled space remaining available for lease, build-to-suit, or sale, with sites accommodating buildings ranging from 20k sf to more than 2 msf.
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.
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