L’Oreal’s will invest $9.8 million to relocate a distribution hub to Tejon Ranch Commerce Center, near Los Angeles, in Tejon Ranch, California.
The Tejon Ranch Commerce Center is a 20 million square foot state-of-the-art commercial/industrial development on Interstate 5 just north of the Los Angeles basin.
According to Tejon Ranch officials, Tejon Ranch Commerce Center has 15 million square feet of available space, with sites ranging from 20,000 to 2 million square feet, fully-entitled, immediately available for sale, lease or build-to-suit.
More than five million square feet of industrial, commercial and retail space has already been developed, including distribution centers for IKEA, Caterpillar, Famous Footwear and Dollar General.
The Commerce Center is part of the overall Tejon Ranch master plan, which will include nearly 35,000 homes and 35 million square feet of commercial space. The residential community of Grapevine at Tejon Ranch, is planned for the area immediately adjacent to the Commerce Center. Grapevine’s development plan calls for 12,000-to-14,000 homes.
Kern County Board of Supervisors approved a $2.3 million tax incentive agreement which is expected to create 155 jobs
District 2 Supervisor Zack Scrivner said, “This new business venture is a result of the County’s Advance Kern initiative that helps businesses and our local government come to the best possible agreement for tax incentives and guaranteed job creation. I am pleased L’Oreal decided to set up shop in Kern County. The jobs created will help diversify our economy and add to our growth.”