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Dedeaux Properties Acquires Land in Tejon Ranch with Plans to Develop Distribution Facility
By: Dedeaux Properties
One of the most active developers of logistics-oriented facilities in Southern California, Dedeaux has submitted plans for a state-of-the-
Dedeaux currently manages a portfolio of more than six million square feet of warehouse, trucking and logistics properties, located in Los Angeles, the Inland Empire, Santa Clarita, and the San Francisco Bay Area. Tejon Ranch provides another foothold in an important regional submarket as the firm continues to broaden its scope of warehouse and distribution solutions for retailers and logistics firms providing goods throughout California.
"The Greater Los Angeles market is increasingly becoming supply constrained putting upward pressure on rents, which in turn places greater pressure on supply chain costs," said Dedeaux Properties Rishi Thakkar, who led efforts on this acquisition. "Tejon Ranch, which is strategically located in the southern portion of California's Central Valley, is a location that's proven to represent a superior value proposition for regional users who need to move goods throughout the Western United States."
The Tejon Ranch Commerce Center is a 20 million-square-
"Dedeaux's planned development further solidifies the attractiveness of the Tejon Ranch Commerce Center," said Joseph N. Rentfro, Tejon Ranch Co.'s Executive Vice President of Real Estate. "TRCC offers companies both a strategic location and significant logistics-based amenities, including ample fuel, parking, and food options for their employees. Its location at the junction of I-5 and Highway 99 gives immediate access to the interstate, proximity to the Ports of Los Angeles and Long Beach, and provides a strategic base where companies can efficiently serve all of California and the adjacent western states."
About Dedeaux Properties
Los Angeles-based Dedeaux Properties, LLC (http:www.dedeauxproperties.com) focuses on the investment and development of logistics-oriented properties and is affiliated with family controlled DART Warehouse Corporation, a national full-service logistics provider founded in 1936. In addition to a portfolio of approximately six million square feet of industrial space, Dedeaux Properties has an active pipeline of more than two million square feet of industrial properties including warehouse/distribution, truck terminals, trailer yards, and cold storage facilities.
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