Majestic Realty completes largest single lease transaction in Laredo since 1999

500K SF Mattel building set to become new home to JAMCO Group LAREDO, Texas – In what amounts to the largest single lease transaction in south Texas since 1999, Majestic Realty Co. announced that it has signed a long-term lease with The JAMCO Group to occupy all 500,000 square feet of a building that Majestic originally completed as a build-to-suit for Mattel, Inc. who has occupied it since that time. It was the largest building ever constructed in Laredo and it...

New $100M Otay Mesa industrial park breaks ground

The Landmark at Otay will be situated close to San Diego’s eastern U.S.-Mexico border crossing.   Construction has begun on a $100 million, 50-acre industrial park near San Diego’s eastern border crossing with Mexico. The Landmark at Otay project is anticipated to take advantage of the rapid industrialization near the Otay Mesa Port of Entry, as well as infrastructure improvements near — and surrounding — the U.S.-Mexico border. Businesses in Otay Mesa have...

Large Logistics Park Project Promises to bring jobs, new companies to Laredo

Port Grande, a prospective multi-phase logistics park in the heart of the largest inland port in the country, is soon to become a reality as the company and the city finalize a deal for a 30-year tax increment reinvestment zone. Majestic Realty Co., the country’s largest privately-held industrial and portfolio developer, plans to make the project the epicenter of South Texas trade and even the epicenter of all North American trade as they expect for Mexico’s...