Family-owned precast concrete manufacturer retains Proficiency Capital to develop state-of-the-art regional production hub in Antelope Valley’s Fox Field Industrial Corridor
Jensen Infrastructure, the family-owned construction and engineering solutions provider formerly known as Jensen Precast, has purchased a 100-acre site at the northeast corner of 30th Street and Avenue G in Lancaster, California for $46 million. The company acquired the land from Northpoint and has retained Proficiency Capital to develop a new 400,000-square-foot regional manufacturing facility on the property. JLL Managing Director Hunter McDonald represented Jensen Infrastructure in the acquisition.
The transaction represents a price of approximately $460,000 per acre for the undeveloped parcel, which is situated within the Fox Field Industrial Corridor Specific Plan area with immediate access to the State Route 14 Freeway. Construction is slated to begin in the first quarter of 2026, with Fullmer Construction serving as the general contractor and completion targeted for March 2027. 3G Capital Partners is providing the development financing.
The investment marks a significant expansion for the 57-year-old company, which was founded in 1968 in Sparks, Nevada and operates manufacturing facilities across Arizona, California, Hawaii, Nevada, and Washington. Jensen rebranded from Jensen Precast to Jensen Infrastructure in 2025, reflecting its broadened capabilities across concrete, fiberglass, and metal products.
“Following our name change from Jensen Precast to Jensen Infrastructure in 2025, this new facility is a major step in continuing to deliver best in class materials needed for today’s growing infrastructure projects,” said Eric Jensen, chief executive officer of Jensen Infrastructure. “We are always looking for ways to enhance our premier solutions and products to our customers.”
Matt Englhard, president of Proficiency Capital, described the project as transformative. “This new facility will be the highest state of the art precast concrete facility in the United States and a generational project for the premiere precast company in our country,” Englhard said.
The new Lancaster facility will complement Jensen’s existing Southern California operations, including its Fontana plant, which has served the region since 1997, and its approximately 65-acre Lockeford facility in Central California, the company’s largest current manufacturing site. Upon completion, the Lancaster plant will serve all of Southern California and portions of Nevada, establishing a new regional production hub positioned to capitalize on growing infrastructure demand.
Jensen’s expansion comes amid strong tailwinds for the precast concrete industry nationally. U.S. precast concrete manufacturing industry revenue has grown at a compound annual growth rate of 4.4 percent over the past five years, reaching an estimated $21.7 billion in 2025, according to IBISWorld. The Freedonia Group has forecast U.S. demand for precast concrete products to increase 5.9 percent annually to $18.5 billion by 2026, bolstered significantly by the Infrastructure Investment and Jobs Act passed in late 2021. That legislation allocates over $1 trillion across a range of infrastructure applications in which precast concrete products play a central role, including roads, bridges, water systems, and utilities.
The precast sector is benefiting from the broader infrastructure and industrial construction boom, with precast products increasingly specified for public projects such as bridges and tunnels, according to a 2025 industry analysis published by For Construction Pros. Federal investment through programs like the Infrastructure Investment and Jobs Act has driven public sector bids up approximately 3 percent, fueling demand for road paving, barriers, and precast components, the analysis noted.
The selection of Lancaster positions Jensen within a dynamic but evolving segment of the greater Los Angeles industrial market. Total vacancy across the greater Los Angeles industrial market increased by 20 basis points quarter-over-quarter to 5.2 percent in the fourth quarter of 2025, and by 100 basis points year-over-year from 4.2 percent in the same period of 2024, according to CBRE’s Q4 2025 Greater Los Angeles Industrial Snapshot. The Antelope Valley submarket specifically experienced negative absorption during the quarter, driven in part by a major tenant move-out of 927,000 square feet in Lancaster, according to the Savills Q4 2025 Los Angeles Industrial Market Report.
However, the broader national industrial picture has shown resilience. U.S. industrial net absorption reached 176.8 million square feet in 2025, a 16.3 percent improvement year-over-year, while national vacancy held steady at 7.1 percent for the third consecutive quarter, according to Cushman & Wakefield’s Q4 2025 U.S. Industrial MarketBeat. Notably, build-to-suit projects like Jensen’s planned facility are claiming a growing share of the development pipeline. Build-to-suit projects accounted for 29 percent of industrial completions in 2025, up from 22 percent in 2024, with 40 percent of space currently under development classified as build-to-suit, according to the same Cushman & Wakefield report.
McDonald highlighted the strategic rationale behind the location selection. “This type of investment is a testament to the dynamic Southern California economy and upon completing an extensive investigation of the greater Southern California industrial markets, Jensen’s selection of Lancaster was partly due the City of Lancaster’s pro-business and pro-jobs approach and it’s logistical proximity to Los Angeles,” McDonald said.
Benjamin A. Goodnow, managing partner of 3G Capital Partners, which is providing the development financing, offered a forward-looking perspective on the project’s significance. “This facility will translate decades of Jensen’s specialized expertise into a modern, high-capacity operation designed to serve the next generation of infrastructure demand,” Goodnow said.
With federal infrastructure funding expected to continue flowing through 2026 and beyond, and the precast concrete industry positioned for sustained growth driven by urbanization, utility construction, and infrastructure modernization, Jensen’s $46 million land acquisition and planned 400,000-square-foot manufacturing facility signals a long-term bet on Southern California as a critical hub for the nation’s infrastructure buildout.
