This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Tejon Ranch Company And The Rockefeller Group Plan Partnership To Develop The Outlets At Tejon Ranch

Tejon Ranch Company (NYSE: TRC) and The Rockefeller Group have entered into a Letter of Intent to partner in the development of The Outlets at Tejon Ranch, a premier outlet center that is being planned for one of California’s busiest highway junctures, where Interstate 5 and Highway 99 meet just south of Bakersfield. A new outlet center at that location would serve as the primary outlet retail offering for the 3.2 million residents living in Bakersfield and the Northwest Los Angeles County communities of Santa Clarita, Valencia, Castaic, Lancaster and Palmdale, and would also reach the millions of travelers on Interstate 5 who have already transformed the Tejon Ranch Commerce Center into California’s favorite stopping center.

The Rockefeller Group is a leading global real estate owner, developer and investor. It was founded more than 80 years ago to develop Rockefeller Center in New York, one of the world’s premier examples of successful mixed-use development combining prime office and retail space in a superior location. Since that time, The Rockefeller Group has completed nearly 40 million square feet of development projects throughout the United States. The company is a wholly owned subsidiary of Mitsubishi Estate Co. Ltd., one of the world’s largest real estate investment and development companies, which has completed eight outlet centers in Japan.

“We are very pleased to have the opportunity to expand our partnership with Tejon Ranch Company and to develop what we believe will become the region’s destination retail outlet center,” said Kevin R. Hackett, President and CEO of The Rockefeller Group.

Tom McCormick, a Senior Vice President for The Rockefeller Group’s development division who oversees the company’s western region initiatives, added, “Tejon Ranch’s Commerce Center has already proven to be an extremely successful retail location, and The Outlets at Tejon Ranch’s primary fixed consumer markets of Bakersfield and Northwest Los Angeles County represent a rich opportunity for outlet retailers.”

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,051.73 -48.45 -0.28%
S&P 500 1,973.63 -4.59 -0.23%
NASDAQ 4,424.7040 -7.4420 -0.17%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs