Tejon Ranch Company and The Rockefeller Group
Announce Development Agreement

February 16th, 2005

Tejon Ranch Company (NYSE: TRC) is pleased to announce it has reached a development agreement with Rockefeller Group Development Corporation (RGDC) for a joint venture at Tejon Industrial Complex (TIC). The joint venture calls for the designation of 500 acres at TIC as a Foreign Trade Zone (FTZ) and the development of the property within the FTZ for warehouse/distribution uses.

Rockefeller Group Development Corporation has been involved in the development, management, and ownership of some of the most prestigious and well-known properties in the United States, most notably Rockefeller Center in New York City. For the last 20 years it has also been the leader in foreign trade zone development and management.

 

 

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