Imagine the 39-story One Tampa City skyscraper in downtown Tampa tilted on its side, and a second tower of the same size next to it. Combined, they don’t equal the size of the two-building fulfillment center Los Angeles-based Majestic Realty Co. is developing for Wal-Mart Stores Inc., in Davenport. At 2 million square feet, the project represents the largest private commercial real estate development underway along the Gulf Coast. But it may also usher...
Hillsboro, OR Majestic Realty Co broke ground last month on another stage of its 73-acre Brookwood Business Park in Hillsboro and tenant interest in the project has skyrocketed. Part of a master plan that will include some 1M SF of office, industrial and retail space across 11 buildings, the project is getting plenty of attention from potential tenants. “Since breaking ground this spring, we’ve experienced an increasingly strong and continually growing level of...
Amazon’s arrival in the Denver market signals the beginning of an e-commerce push into the metro area. “We have known for a long time we’re going to see a real growth of e-commerce in the Denver market. It certainly is exciting and really healthy for the market to see this kind of industry start to take off,” said Tyler Carner, a CBRE industrial specialist who was not involved in the deal. Amazon leased Majestic Commercenter’s new 452,400-square-foot speculative...
PLEASANT PRAIRIE, Wis. – With continued strength in the industrial real estate market and growing demand from large-scale users across the Greater Chicago Region, Majestic Realty Co. will officially begin development of a 424,164-square-foot speculative industrial building at its Majestic Badger Logistics Center with a groundbreaking ceremony May 6. Majestic, the nation’s largest privately held industrial development company, purchased the site in late 2012 and...
Amazon.com has tapped the city of Aurora and the Majestic Commercenter to park its first Colorado facility. Located 5 miles south of Denver International Airport, the 452,400-square-foot facility will be a sorting center, where sealed packages arrive and are then sorted by zip code for delivery to local U.S. Post Offices. “We are hiring for hundreds of associates for our new package sortation center in Aurora,” Amazon spokeswoman Ashley S. Robinson...