Developer nears completion of additional spec to help feed market demand RENO, NV – March 6, 2023 – With completion of its 692,720-square-foot speculative building in the Tahoe Reno Industrial Center set for this month, Majestic Realty Co. today announced that it has signed a full building, prelease agreement with WebstaurantStore, the largest online restaurant supply store servicing professionals and individual customers worldwide. In addition, Majestic is...
Business is good at the Otay Mesa port of entry, California’s largest commercial land border crossing, which tallied $62.4 billion in trade in 2022, a 12.7% year-over-year (y/y) increase compared to 2021. The Otay Mesa port of entry is just south of San Diego along the border across from Tijuana, Mexico. The growth of trade at Otay Mesa has been spurred by the nearshoring of manufacturing and supply chains from Asia into Mexico, which is creating a surge in demand...
Lease with R.L. Jones pushes start of Phase III development at 1.1- million-square-foot Landmark at Otay SAN DIEGO – Feb. 6, 2023 – Majestic Realty Co. and Sunroad Enterprises, developers of the largest industrial project in San Diego County, announced today that they have signed a full- building, prelease agreement with R.L. Jones Customhouse Brokers for a 240,975-square-foot spec construction building at Landmark at Otay located at the intersection of SR-905 and...
Major apparel company to relocate and consolidate operations from Los Angeles area TEJON RANCH, Calif. (January 5, 2023) – The partnership of Tejon Ranch Co. (NYSE: TRC) and Majestic Realty Co. today announced it has secured—in advance of construction– a full-building lease of the next industrial facility planned for its growing portfolio of industrial properties. The 446,000-square-foot industrial distribution facility will be occupied by Sunrise Brands, a...
Majestic Realty Co. welcomed the addition of Jeffrey R. (Jeff) Staat in November 2022 as its new Executive Vice President and Chief Financial Officer. Jeff joins the Majestic Realty Co. team with more than 23 years of experience in the real estate industry, including 8 years as a partner at Deloitte where he primarily served public and private real estate clients. Jeff steps into the role following the retirement of Mike Durham who retired from the company at the...
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