{"id":1004258933,"date":"2018-08-21T03:34:19","date_gmt":"2018-08-21T11:34:19","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004258933"},"modified":"2023-12-08T04:20:41","modified_gmt":"2023-12-08T12:20:41","slug":"loreal-inks-240-ksf-lease-in-southern-california","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/loreal-inks-240-ksf-lease-in-southern-california\/","title":{"rendered":"L\u2019Or\u00e9al Inks 240 KSF Lease in Southern California"},"content":{"rendered":"
\"\"<\/a>

Brett Tremaine, senior vice president, Majestic Realty Co.<\/p><\/div>\n

The last remaining space at 5337 Wheeler Ridge Road in Tejon, Calif., a 480,000-square-foot industrial building at Tejon Ranch Co.<\/a>\u2019s 1,450-acre Tejon Ranch Commerce Center, has just been claimed. Majestic Realty Co. and TRC, co-developers of the state-of-the-art distribution center, recently signed L\u2019Or\u00e9al USA to a 240,000 square-foot lease at the Class A property.<\/p>\n

With a location along Interstate 5 in Kern County, roughly 60 miles north of Los Angeles, TRCC provides occupants of the one-year-old building with the ability to reach 90 percent of California consumers by truck within a single day.<\/p>\n

\u201cThe appeal of Tejon Ranch Commerce Center includes the availability of development sites for distribution, manufacturing and e-commerce operations in a location that serves not just Southern and Northern California, but 11 western states as well,\u201d<\/em> Brett Tremaine, senior vice president with Majestic Realty, told Commercial Property Executive<\/em>.<\/p>\n

L\u2019Or\u00e9al USA leased 5337 Wheeler on behalf of SalonCentric, the beauty products company\u2019s professional salon distribution operation. Majestic expects the globally recognized L\u2019Or\u00e9al name to be a big draw for TRCC.<\/p>\n

\"\"<\/a>

Tejon Ranch<\/p><\/div>\n

\u201c[With the location] coupled with a tremendous labor pool, a strong logistical foundation and infrastructure, as well as support from local government, there\u2019s no doubt that other companies will follow the lead of L\u2019Or\u00e9al SalonCentric and take full advantage of all that Tejon Ranch has to offer,\u201d<\/em> Tremaine added.<\/p>\n

John DeGrinis, senior executive vice president with Colliers International, represented the TRCC ownership in the lease transaction, while Craig Peters, executive vice president with CBRE, stood in for L\u2019Or\u00e9al USA. In March 2018, Dollar General became the first business<\/a>\u00a0to commit to 5337 Wheeler, signing a lease for 240,000 square feet.<\/p>\n

Demand performance<\/h2>\n

Kern County\u2019s industrial market closed out 2017 with an average vacancy rate of roughly 4.3 percent, per a Colliers report, which also notes that demand will drive down vacancies in the healthy and active market through 2018. TRC is prepared to answer the call for additional Class A industrial space in the area.<\/p>\n

\u201cThe Tejon Ranch Commerce Center has about 15 million square feet of entitled space available for lease or purchase, so we certainly have room to accommodate more companies that have outgrown their existing space<\/em>,\u201d Joseph Rentfro, executive vice president of real estate with Tejon Ranch Co., told CPE<\/em>. \u201cAnd with this building successfully leased, you can expect to see additional buildings like this one going up at TRCC in the near future.\u201d<\/em><\/p>\n

Images courtesy of Majestic Realty Co.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Co-developers Majestic Realty Co. and Tejon Ranch Co. secured a commitment from the beauty company to house the distribution operations of its SalonCentric subsidiary.<\/p>\n","protected":false},"author":969,"featured_media":1004258939,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21743,21808,21748,1594,21742,15],"tags":[32789,32763,41669,37733,38728],"class_list":["post-1004258933","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-deals","category-featured","category-industrial","category-los-angeles","category-latest","category-west","tag-cbre","tag-colliers-international","tag-loreal","tag-majestic-realty","tag-trc-capital-partners"],"acf":[],"yoast_head":"\nL\u2019Or\u00e9al Inks 240 KSF Lease in Southern California - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/loreal-inks-240-ksf-lease-in-southern-california\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"L\u2019Or\u00e9al Inks 240 KSF Lease in Southern California\" \/>\n<meta property=\"og:description\" content=\"Co-developers Majestic Realty Co. and Tejon Ranch Co. secured a commitment from the beauty company to house the distribution operations of its SalonCentric subsidiary.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/loreal-inks-240-ksf-lease-in-southern-california\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-08-21T11:34:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-08T12:20:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/Brett-Tremaine-Majestic-Realty-Co..jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Barbra Murray\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/loreal-inks-240-ksf-lease-in-southern-california\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/loreal-inks-240-ksf-lease-in-southern-california\/\",\"name\":\"L\u2019Or\u00e9al Inks 240 KSF Lease in Southern California - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/loreal-inks-240-ksf-lease-in-southern-california\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/loreal-inks-240-ksf-lease-in-southern-california\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/Brett-Tremaine-Majestic-Realty-Co..jpg\",\"datePublished\":\"2018-08-21T11:34:19+00:00\",\"dateModified\":\"2023-12-08T12:20:41+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/loreal-inks-240-ksf-lease-in-southern-california\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/loreal-inks-240-ksf-lease-in-southern-california\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/loreal-inks-240-ksf-lease-in-southern-california\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/Brett-Tremaine-Majestic-Realty-Co..jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/Brett-Tremaine-Majestic-Realty-Co..jpg\",\"width\":800,\"height\":620,\"caption\":\"Brett Tremaine, senior vice president, Majestic Realty Co. 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