At the 606,000-sf building, the concrete walls were tilted into place recently, putting the building past the halfway mark to completion. The partners expect the building will be complete and ready for occupancy by a tenant or multiple tenant users by January. HPA also designed this building, with Fullmer overseeing construction.

According to Tom McCormick, the Rockefeller Group's SVP of development, the partners aim to serve two distinct groups of potential tenants. "Our first project focused on developing a turnkey solution for warehouse and distribution operators seeking large blocks of modern space," McCormick says, while the second project will focus on users requiring less space.

The San Fernando Valley submarket is the most logical draw for tenants to the new 120,000-sf building, according to the Colliers International brokerage team of SVPs Thomas Taylor and John DeGrinis. They cite the Valley's vacancy rate of less than 3%, with virtually no land available for new construction.

Tejon Industrial Complex is already home to 2.5 million sf of existing warehouse facilities and approximately 1,000 employees, including IKEA's Western North American Distribution Center, Oneida Ltd's West Coast Distribution Center and more than 60-acres of retail. The joint venture partnership is also securing a Foreign Trade Zone at the site.