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11/08/11
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In the latest big distribution deal at Tejon Ranch, Caterpillar Logistics Inc (Cat Logistics), a wholly owned subsidiary of Caterpillar Inc, is purchasing 46 acres of land within the Tejon Ranch Commerce Center. Caterpillar will use the site to construct a 400k sf parts distribution facility that will serve Caterpillar dealers and customers throughout California and the western United States.
Located at the junction of I-5 and Hwy 99 in central California, the Tejon Ranch Commerce Center is one of California’s largest logistics centers. Covering 1,450 acres, the commercial/industrial development is already home to 3 msf of existing warehouse facilities and approximately 1,000 employees. Other world-class companies that have located major distribution facilities at Tejon Ranch include IKEA and Famous Footwear.
Caterpillar, the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives, selected the Tejon Ranch Commerce Center after a thorough review of potential sites throughout California and the western United States. Caterpillar ultimately determined Kern County – California’s Golden Empire – was the best location to meet its parts distribution needs. The new Caterpillar facility is scheduled to be operational in late 2012 and is expected to employ up to 150 people.
“With its excellent accessibility to major highways and airports, this location will ensure the rapid delivery of Cat parts to dealers and customers,” explained Steve Larson, Vice President of Caterpillar Inc. and Chairman and President of Cat Logistics.
CBRE represented both parties in the transaction with Traci Buckingham representing Caterpillar Inc and Doug Sonderegger repping Tejon Ranch Co. The Kern Economic Development Corporation played an important role in the site selection process, providing Caterpillar and its consultants with information regarding the benefits of locating in the Golden Empire, and connecting them with key County department heads who explained the ease of the permitting process in Kern County.
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