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Rockefeller Group JV Plans Outlet Center

TEJON RANCH, CA-The shopping center, slated to open Spring 2014, will hold 477,149 square feet of retail space at build out.

By Carrie Rossenfeld | Updated on September 07, 2012

TEJON RANCH, CA-The Bakersfield region will have a new shopping center soon as Tejon Ranch Co. and the Rockefeller Group team up to build a premier outlet center at one of California’s busiest highway junctures, where Interstate 5 and Highway 99 meet just south of Bakersfield. The joint venture has entered into a letter of intent to partner in the center’s development and is targeting a Spring 2014 opening date.

A spokesperson for Tejon Ranch Co. tells GlobeSt.com that Phase I of the development will hold 322,827 square feet of retail space, and Phase II will hold 154,322 square feet, totaling 477,149 square feet at build out on the 55-acre site. The partnership declined to reveal the estimated construction costs for the project as well as the specific retailers being targeted, but the spokesperson did tell GlobeSt.com “we’re talking with all the brand leaders in outlet retail, and their response to both the market and the site has been very enthusiastic.”

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