California Industrial Developer signs major leases, expanding Arizona footprint

California industrial developer signs major leases, expanding Arizona footprint After landing some major leases in the second quarter of 2021, Southern California-based industrial real estate owner and developer Majestic Realty Co. is continuing to grow its presence in the Phoenix market. In the past two months, Majestic signed leases with tenants to three of its metro Phoenix properties, bringing each of the three to full capacity. In Tolleson, Majestic signed a...

Majestic Realty Co. lease agreements take three Phoenix-MSA projects to full capacity

Developer focused on expanding metro footprint with pipeline projects for 2022 and beyond PHOENIX – With multiple new lease agreements secured over the past 60 days, Majestic Realty Co. continues to enhance its presence and fill its development pipeline with additional projects across the Phoenix Metropolitan area. Fueled by strong absorption and user interest throughout the market, the developer’s properties and geographic locations offer cost efficiency and...

Majestic Realty Co. expands investment in Tejon Ranch with 4th joint venture partnership in past 5 years

TEJON RANCH, CA – With groundbreaking of its third new building and its fourth joint-venture partnership agreement with Tejon Ranch Co. (NYSE: TRC) over the past five years set for this week, Majestic Realty Co., the nation’s largest privately-held developer, continues its bullish view of the massive, state-of-the-art Tejon Ranch Commerce Center (TRCC) development located at the junction of Interstate 5 and Highway 99 just an hour north of the San Fernando...

KAYLA WILKIE EARNS CONNECT MEDIA NEXT GENERATION AWARD

LOS ANGELES – Kayla Wilkie, Team Leader-Design and Development with Majestic Realty Co., has been named a recipient of Connect Media’s annual Next Generation Awards recognizing young commercial real estate leaders in North America who are making a significant mark in the real estate industry. Wilkie joined Majestic in 2018 and currently leads design and development of various projects in Texas and Nevada including casinos, luxury multifamily, entertainment...

California-based developer adds to its D-FW warehouse program

A California-based developer that’s been expanding its industrial building footprint in North Texas is gearing up for another project. Majestic Realty is planning a two-building, more than 400,000-square-foot warehouse project on West Everman Parkway near Interstate 35W in south Fort Worth. The almost $25 million development would start construction in June, according to planning documents filed with the state. California-based Commerce Construction Co. designed...