Tulare’s factory outlet mall will be getting some competition in the south Valley.The ICSC reports the following:
“Tejon Ranch Company and the Rockefeller Group have agreed to partner in the development of the Outlets at Tejon Ranch, a 316,601-sf outlet project planned near Bakersfield, Calif. The site for the center will be at one of California’s busiest highway junctions, Interstate 5 and Highway 99. The center will serve the 3.2 million residents living in Bakersfield and northwest Los Angeles County’s affluent communities of Santa Clarita, Valencia, Castaic, Lancaster and Palmdale.
The property is interesting: at 270,000 acres, it is the largest single piece of private property in the state of California. To get an idea of the expanse, the movie Out of Africa was filmed there.
“Tejon is leasing up very quickly,” said Lisa Wagner, principal of EWB Development, which is handling leasing on the project. “Bakersfield is oil and gas and beautiful homes and a wonderful lifestyle – it even has the top Starbucks in the country.”
The Rockefeller Group was founded more than 80 years ago to develop Rockefeller Center in New York. The company is now a wholly-owned subsidiary of Mitsubishi Estate Co. Ltd., which has completed eight outlet centers in Japan with Simon Property Group.”