Kern Co. industrial boom continues with fresh investment

Kern County’s industrial real estate market continues to make great strides as three companies expand their operations in the area.

This followed Orange County’s Bakersfield poacher M8 Systems a few weeks ago.

Big picture: Kern County’s three new industrial expansions come from Santa Monica developer The Wonderful Company and two Texas companies teaming up for further development at the Taejon Ranch Commerce Center.

  • Wonderful Real Estate has announced the pre-lease of a 310,000 square foot distribution facility in Shafter, Wonderful Industrial Park. The tenant is Building Materials Manufacturing Corporation, doing business as GAF, a New Jersey-based roofing company.
  • According to a Bakersfield Californian report, Santa Monica investor Sheldon Appel has been active in the Meadowsfield Airport area for several years and is developing a series of spec buildings next to an Amazon fulfillment center.
  • Two Texas companies have also exercised an option to purchase the 600,000-square-foot Dollar General Distribution Center near Grapevine and build a more than 1.1 million-square-foot specification building at the Taejon Ranch Commerce Center.

What they say: This new demand for industrial real estate in Kern County shows what a strong future holds as the area continues to attract and grow businesses.

  • Tejon Ranch spokesman Barry Zoeller told Californians that the new development will continue to attract new tenants and investors to the commercial center.
  • “It certainly validates our location, shows a proven superior value proposition, and that major players in the market are bullish on continued demand for TRCC’s logistics space.

( function( d, s, id ) {
var js, fjs = d.getElementsByTagName( s )[0];
if ( d.getElementById( id ) ) return;
js = d.createElement( s ); = id;
js.src = “//”;
fjs.parentNode.insertBefore( js, fjs );
}( document, ‘script’, ‘facebook-jssdk’ ) );

Source link

Leave a Reply

%d bloggers like this: