Southern California REAL ESTATE
Big Opportunity
In Big Industrial
As the sector
continues to
improve in the
region, sources
believe the demand
for new big-box
product may
exceed supply
By Natalie Dolce
Toward the end of 2011, Caterpillar Logistics Inc. signed on to pur- chase 46 acres of land at the Tejon
Ranch Commerce Center. There, the tractor giant plans to build a 400,000-square-
foot parts distribution facility to serve both
dealers and customers throughout
California and the Western US.
The large parcel partly reflected
Caterpillar’s need to store its farming
machinery, according to Joseph Drew, SVP
of real estate at Tejon Ranch Co., which
owns the 1,450-acre industrial development
Caterpillar Logistics signed on to buy 46 acres of
land at the Tejon Ranch Commerce Center,
where it plans to build a 400,000-square-foot
parts distribution facility to serve the Western
US. Access to major highways and airports was
a major part of the company’s decision to locate
at the Tejon Ranch Co. project.
28 REAL ESTATE FORUM FEBRUARY/MARCH 2012
Part of the ForumLOCAL Series
www.reforum.com
