Majestic Commercenter lease agreements totaling 420,000 SF push vacancy to 4% sparking next speculative development

AURORA/ADAMS COUNTY, CO – Five lease agreements secured over the past 60 days, including one renewal and four new tenants totaling 420,000 square feet, continue to push occupancy at the Majestic Commercenter (MCC) to near capacity. With low inventory levels, Majestic Realty Co. has initiated the next phase of new construction at the business park located at the northeast quadrant of I-70 and Tower Road. Agreements completed over the past 60 days include:...

International logistics firm signs massive lease for Mattel warehouse in Laredo

An international trade and logistics services firm signed a massive lease at Laredo’s largest single-tenant warehouse, which has been occupied by Mattel Inc. for more than 20 years. The Jamco Group, based in Laredo, signed a 500,000-square-foot lease for the facility in Killam Industrial Park where it will begin operations June 1, boosting its footprint in the region to 750,000 square feet. Carla Molano, managing principal for Forum CRE, represented Jamco in...

Borderlands: Logistics provider expands operations in Laredo

The Port Grande Logistics Port is a 2,000-acre master planned logistics port in Laredo, located just east of Interstate 35 on Carriers Drive. It is about 10 miles from the U.S.-Mexico border. The port is a logistics hub from Los Angeles-area developer Majestic Realty Co. The company completed the acquisition of the 2,000-acre site from a subsidiary of Mercedes-Benz in 2015. Officials with Majestic Realty said Jamco will occupy all 500,000 square feet of a building...