KERN COUNTY BOARD OF SUPERVISORS UNANIMOUSLY APPROVES GRAPEVINE AT TEJON RANCH

Master planned community will include 12,000 residential units and 5.1 million square feet of commercial development

Bakersfield, CA (December 6, 2016) – With today’s 5-0 vote, the Kern County Board of Supervisors unanimously approved the development of Grapevine at Tejon Ranch, a new master planned community in southern Kern County. The community will be located adjacent to the Tejon Ranch Commerce Center near the base of the foothills in the southern San Joaquin Valley.

“We are very pleased the Kern County Board of Supervisors has approved these entitlements for Grapevine at Tejon Ranch,” said Gregory S. Bielli, President and CEO of Tejon Ranch Company. “This new community will support the thousands of jobs already in the area and will serve as a catalyst for further economic development and job creation in the region.”

The development plan for Grapevine at Tejon Ranch calls for 12,000 residential units and 5.1 million square feet of commercial space. The community will develop along both sides of Interstate 5 and will provide nearby residential opportunities for the thousands of workers currently employed at businesses within the Tejon Ranch Commerce Center, as well as support the attraction of future employers to further grow the employment base at Grapevine.

“By securing approval of these entitlements for Grapevine, Tejon Ranch Co. is taking an important step forward in unlocking the asset value of Tejon Ranch,” Bielli added. “Grapevine is a vital component of our strategic vision to create significant value as a fully integrated real estate development company.”

In addition to Grapevine, Tejon Ranch Co. is engaged in other real estate development efforts. They include the aforementioned Tejon Ranch Commerce Center—and Outlets at Tejon; and the master planned residential communities of Mountain Village at Tejon Ranch and Centennial at Tejon Ranch. With Mountain Village, the Company is currently in the tract map preparation stage of development, and in the case of Centennial, having already received the necessary zoning and land-use designations from Los Angeles County, the Company is now working with the Los Angeles County Department of Regional Planning to finalize the Centennial Specific Plan for public review.

Sustainable Development

Residents of Grapevine will enjoy a state-of-the-art community and active lifestyle in a beautiful foothill setting. All of the homes and commercial buildings within Grapevine will include solar panels, consistent with Tejon Ranch’s commitment to sustainable development. The community will be designed in a way that promotes water efficiency and will be developed as an extremely walkable community, with an extensive network of bike and walking trails, and with key retail and commercial uses being located within close proximity to residential areas.

The Supervisors were effusive in their praise for the community, noting its environmental sensitivity, the care and planning that went into its design, and the role Grapevine will play in the future of Kern County.

“Tejon Ranch should be thanked for its commitment to the environment and conservation, something which often gets overlooked,” said 4th District Supervisor David Couch.

In presenting the Kern County Planning Department’s recommendation to the Board of Supervisors, Director Lorelei Oviatt called Grapevine a comprehensive, connected, well-planned economic growth center.

Community Details

The community plan for Grapevine involves 8,010-acres of the 270,000-acre Tejon Ranch. 4,200 acres within the plan is designated and zoned for residential, commercial and civic uses, including public services, education, and medical opportunities. These uses will be grouped into six different mixed-use villages, which will be developed over an expected 20-year time period. 3,800 acres within the plan is designated as open space, with agriculture, recreation, and grazing as the primary uses, and will connect to 240,000-acres of open space and recreation on Tejon Ranch.

Next Steps

With today’s approval by the Board of Supervisors, Tejon Ranch Co. will begin the process of seeking and obtaining a number of discretionary permits from regional, state and federal agencies, and will begin the tract mapping process, which includes preparation of detailed engineering work necessary for construction to begin.

 

About Tejon Ranch
Tejon Ranch Co. (NYSE: TRC) is a growth-oriented, diversified real estate development and agribusiness company, whose principal asset is its 270,000-acre land holding located approximately 60 miles north of Los Angeles and 30 miles south of Bakersfield.

More information about Tejon Ranch Co. can be found on our website at www.tejonranch.com.

 

Recently Time Warner Cable News (now Spectrum News) paid a visit to Tejon Ranch. Watch this Episode of Travel Monthly and discover classic, legacy California.  At 270,000 acres, Tejon Ranch the largest single piece of private property in the state.

TWC Spectrum

The newly introduced Explorer Membership Program now offers a way for people to come to the Ranch and experience it like never before.  Members will be allowed direct access to more than 25,000 acres to enjoy activities like horseback riding, mountain biking, hiking, picnicking, wildlife viewing, horseback riding at Tejon’s Equestrian Center, and SUV trail driving. 

 

Tejon Ranch Co. and Majestic Realty Co. Finalize Development Agreement

Joint venture to develop a 480,000-square-foot industrial building at the Tejon Ranch Commerce Center

TEJON RANCH, Calif.–()–Tejon Ranch Co. (NYSE: TRC) announced today that it has signed a joint venture agreement with Majestic Realty Co., the nation’s largest privately-held industrial developer, to build an approximate 480,000-square-foot speculative industrial building at the Tejon Ranch Commerce Center.

“This is our second joint venture with Majestic Realty and we are excited about the synergies this partnership between our two companies will create at the Tejon Ranch Commerce Center”

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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 sports, entertainment and hospitality projects.

“This is our second joint venture with Majestic Realty and we are excited about the synergies this partnership between our two companies will create at the Tejon Ranch Commerce Center,” says Hugh F. McMahon, Tejon Ranch Co.’s Executive Vice President of Commercial and Industrial Real Estate. “We’re very pleased to be joining forces on this next phase of our industrial development.”

“In what continues to be a very tight market in terms of both available product and land available for the development of large scale distribution centers, the Tejon Ranch Commerce Center features turn-key sites for distribution, manufacturing and e-commerce operations that allow users to serve southern and northern California, as well as all 11 western states, from one location,” said Majestic Realty Co. Senior Vice President, Brett Tremaine.

The building will be located just east of Interstate 5, giving it near immediate access to California’s principal north/south highway, and the ability to serve nearly 90% of California consumers within a single day truck turn. Construction is expected to begin in the fourth quarter of 2016 with completion anticipated in the second quarter of 2017.

Tejon Ranch and Majestic recently partnered to purchase a fully-leased 651,909-square-foot industrial building, also located at the Tejon Ranch Commerce Center. That purchase closed on September 9, 2016.

John DeGrinis, SIOR, and Tom Taylor of Colliers International convened the relationship between the two parties and will serve as listing brokers for the new development.

About Tejon Ranch Commerce Center

The Tejon Ranch Commerce Center is located at the junction of Interstate 5 and Highway 99, at the southern end of the San Joaquin Valley, approximately 70 minutes north of Los Angeles. The 1,450-acre industrial/commercial complex is already home to major distribution centers for Caterpillar, Dollar General, Famous Footwear and IKEA.

About Tejon Ranch Co.

Tejon Ranch Co. (NYSE: TRC) is a growth-oriented, fully diversified real estate development and agribusiness company, whose principal asset is its 270,000-acre land holding located approximately 60 miles north of Los Angeles and 30 miles south of Bakersfield. Tejon Ranch Co. is positioned for growth with its fully operational commercial/industrial real estate development and three master planned residential communities on the horizon.

About Majestic Realty Co.

Founded in 1948, Majestic Realty Co. is the largest, privately-held developer and owner of master-planned business parks in the United States. Majestic’s approximate 78-million-square-foot portfolio provides real estate solutions for tenants large and small, creating jobs, tax revenue and community benefits across the country. Headquartered in Southern California, Majestic has regional offices in Atlanta, Dallas, Denver, Fort Worth, Laredo, Las Vegas, and Bethlehem, Penn.

Contacts

Tejon Ranch Co.
Barry Zoeller, Vice President, Corporate Communications & Investor Relations
661-663-4212
bzoeller@tejonranch.com

TEJON RANCH CO. AND MAJESTIC REALTY CO. PARTNER TO PURCHASE BUILDING

Companies form a Limited Liability Company to purchase a 651,909-square-foot industrial building at Tejon Ranch Commerce Center

(Tejon Ranch, CA) — Tejon Ranch Co. (NYSE: TRC) announced today that it has entered into an agreement with Majestic Realty Co., the nation’s largest privately-held industrial developer, to form a Limited Liability Company, TRC-MRC 2, LLC, which will purchase, own and manage a fully-leased 651,909-square-foot building on the west side of the Company’s Tejon Ranch Commerce Center.

The LLC is structured as a 50/50 joint venture with Majestic serving as the managing member and Tejon serving as the property management member.

“Majestic Realty epitomizes experience, quality and integrity, and possesses a business acumen that’s second to none,” says Hugh F. McMahon, Executive Vice President, Commercial and Industrial Real Estate, for Tejon Ranch Co. “They’re exactly the kind of company we want at the Tejon Ranch Commerce Center and we’re very pleased to be joining forces on the purchase of this building.”

“We’re very bullish on the Tejon Ranch Commerce Center and are happy to initialize our presence here through this partnership with Tejon Ranch Co.,” says Brett A. Tremaine, Senior Vice President, Director of Acquisitions and Development at Majestic Realty Co. “Our fully-integrated services approach to real estate development impacts every facet of our developments, from the partners we select, to evaluating the project’s long-term economic viability, the quality of the building, selecting the right tenants, and the care we take in managing and maintaining our properties. We are extremely confident Tejon Ranch will be another success story.”

The building is currently fully leased and is located just north of IKEA’s Western North American Distribution Center and immediately east of the building occupied by Dollar General. The purchase is slated to close in early September.

In addition, the two companies are finalizing a development agreement to build a separate 480,480-square-foot speculative industrial building on the east side of the Tejon Ranch Commerce Center.

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About Tejon Ranch Commerce Center

The Tejon Ranch Commerce Center is located at the junction of Interstate 5 and Highway 99, at the southern end of the San Joaquin Valley, approximately 70 minutes north of Los Angeles. The 1,450-acre industrial/commercial complex is already home to major distribution centers for Caterpillar, Dollar General, Famous Footwear and IKEA.

About Tejon Ranch Co.

Tejon Ranch Co. (NYSE: TRC) is a growth-oriented, fully diversified real estate development and agribusiness company, whose principal asset is its 270,000-acre land holding located approximately 60 miles north of Los Angeles and 30 miles south of Bakersfield. Tejon Ranch Co. is positioned for growth with its fully operational commercial/industrial real estate development and three master planned residential communities on the horizon.

About Majestic Realty Co.

Founded in 1948, Majestic Realty Co. is the largest, privately-held developer and owner of master-planned business parks in the United States. Majestic’s approximate 78-million-square-foot portfolio provides real estate solutions for tenants large and small, creating jobs, tax revenue and community benefits across the country. Headquartered in Southern California, Majestic has regional offices in Atlanta, Dallas, Denver, Fort Worth, Las Vegas and Bethlehem, Penn.

 

GORMAN, Calif. (AP) — Tejon Ranch, California’s largest contiguous expanse of private land, is a hefty chunk of paradise.

The 270,000-acre property about 60 miles north of Los Angeles contains oak-studded ridges and grasslands teeming with wildlife.

“You can literally explore this for days,” Mike Campeau, director of hunting and equestrian operations at the Tejon Ranch Co., told the Los Angeles Times (http://lat.ms/29fztIc ).

But until now, most people couldn’t. For most of its 165-year history, visits were confined to invited guests and to hunters who paid up to $25,000 to bag elk, deer, wild pig, turkey and even bears.

Beginning in September, however, about 25,000 acres of the ranch will be opened to the public. For $2,500, members and their families will receive a key to the ranch gates to access the Explorer Recreation Area on the western end of the ranch. For five months, they can hike, camp, mountain bike or simply explore.

Members also can rent horses, homes and cabins.

The fall season will run until Jan. 29 and a second season from March to the end of July.

The ranch owners expect to sell 25 to 100 memberships in the first year.

Furthermore, under a deal years in the works, 38 miles of the Pacific Crest Trail is to be rerouted through Tejon Ranch land. When the Mexico-to-Canada trail was laid out, an easement could not be obtained to continue its path along the Tehachapi range. That segment currently runs through the desert along the California Aqueduct.

“For so many years, the ranch was closed,” Campeau said. “For the last year, we’ve been trying to bring new business here.”

The ranch currently gets most of its money from leasing mineral rights and land for farming and grazing, along with real estate development. The Tejon Ranch Co. plans to build three urban centers with nearly 35,000 homes after reaching an agreement with environmental groups in 2008 to preserve 90 percent of the ranch for agricultural use and wilderness.

The new membership plan is part of an effort by the ranch to increase public access and improve its image as it looks to break ground on the housing developments, the Times reported.

The Tejon Ranch Co. also is considering hosting an endurance race and even producing wine on the ranch.

“A big part of this is about sharing the land,” said Joseph Rentfro, Tejon Ranch Co.’s executive vice president for real estate.

“We are still in our infancy, trying to determine what works and what doesn’t,” he said.

——

Information from: Los Angeles Times, http://www.latimes.com/

 

This podcast offers an in-depth conversation with Mike Campeau, Vice President of Ranch Operations, and Barry Zoeller, VP of Communications about the newly offered Explorer Membership at Tejon Ranch.

The Explorer Membership offers exclusive, never-before-been-offered, membership access to Tejon Ranch. Previously, the only way gain entry inside the gates of the ranch was via special events and hunting memberships.  This historic membership grants access to the diverse and beautiful Tejon landscapes that were unavailable until now.

Listen and learn more about the membership. Be among the first to come inside our gates and experience this California treasure.

 

Details of the 2017 Explorer Membership

[slideshow_deploy id=’1968′]This is an opportunity that has never before been offered.  It’s like having your own keys to the gates of Tejon Ranch!  As a member, experience the ranch like never before with direct access to more than 25,000 acres of breathtaking landscapes. Enjoy activities like horseback riding, mountain biking, hiking, picnicking, wildlife viewing, horseback riding at Tejon’s Equestrian Center, and SUV trail driving.  For all the details on the Explorer Membership, please click below.

2017 Explorer Membership

To see what’s in store for you behind the gates of Tejon Ranch, click here to enjoy a tour of our history and our magnificent land.

 

Recently Tejon Hounds had the pleasure of hosting Octavia Pollock, author of the “An English Country Girl in California” blog. She was able to capture the magic of the ranch perfectly. Read the full blog post here: From California to Montana via Nevada, behind hounds all the way. Part One!

 

 

Tejon Ranch was recently approached by Jeff Zwart, a commercial director and award-winning rally racer, to help with the filming of this promotion for an upcoming auction. The amazing Porsche (dubbed #LUFTAUTO) featured in the video will be auctioned off with all proceeds going to the Autumn Leaves Project, a charity dedicated to funding pancreatic cancer research.

The #LUFTAUTO, an interpretation of a rally-style 911, was designed in form and function to be both a daily driver as well as a capable rally-racer. Tejon Ranch was a natural fit for a location to demonstrate the #LUFTAUTO and gladly donated the use of the ranch for the promo.

The auction will take place April 10, 2016 at 9 a.m. at Modernica in Los Angeles, just east of downtown at 2891 Saco Street, Vernon, CA 90058. For those interested in bidding on the car, pre-registration is required, directly with Veronica Perry in RM Sotheby’s Los Angeles Office. She can be contacted at vperry@rmsothebys.com or +1 310 559 4575.

For our car enthusiasts: In the Porsche vernacular, Luftgekühlt represents all the air-cooled cars in the manufacturer’s history, from the Pre-A 356 through the 993 model line, which ended in 1998. More specifically, Luftgekühlt is the brainchild of two-time Le Mans class winner Patrick Long and noted Southern California creative director Howie Idelson. It is a true Porsche happening.

The #LUFTAUTO is a natural extension of Luftgekühlt co-founders Patrick Long and Howie Idelson’s vision: a custom-built, rally-inspired 911 featuring creative details from some of the foremost brands, builders and automotive artists in the industry today, including Rod Emory of Emory Motorsports, Joey Seely, owner of E-Motion Engineering, and Deus Ex Machina’s Carby Tuckwell.

For more details you can visit http://luftgekuhlt.net/

In this episode of the Tejon Ranch podcast – learn more Tejon Ranch’s upcoming large-scale master planned community, Grapevine.  Barry Zoeller talks with Derek Abbott, Vice President, Community Development & Resource Planning, about the future of this forward-thinking community and what it will bring to Kern County.  Click below to listen.

 

 

Derek Abbott, VP of Community Development

Derek Abbott, VP of Community Development

Barry Zoeller 1

Barry Zoeller, VP Corporate Communications