Majestic Reno Commercenter I, II, III to deliver nearly 1.5 million square feet to growing industrial market

August 19, 2022 | Majestic Realty, Press Release

RENO, NV – Aug. 19, 2022 – Preleases for MRC I drive Majestic Realty’s plans on additional projects. With its first industrial development in the Reno market fully pre-leased, Majestic Realty is moving forward with two new development projects within the booming Reno market. Upon completion, all three projects will total 1.5 million square feet of new Class-A distribution and manufacturing space. Majestic’s first local project, Majestic Reno Commercenter I, is a two-building development totaling 515,197 square feet that has been fully pre-leased to two tenants in Building 1, which encompasses 269,843 square feet (9499 N. Virginia), and two tenants in the 245,354-square-foot Building 2 (9477 N. Virginia). The undisclosed tenants include an international pet food manufacturer; a world-class transportation and logistics company; an investment-grade credit rate global locomotive, freight and passenger vehicle product manufacturer; and an industry-leading construction and portable power equipment manufacturer and distributor. The overwhelming response to its first project and strong market fundamentals in what has become one of the fastest-growing and tightest industrial markets in the country, led the development team to move forward with two additional […]

Majestic Realty names Reon Roski CEO

June 7, 2022 | Majestic Realty, Press Release

City of Industry, CA – Majestic Realty, the nation’s largest, privately-held development company, has named Reon Roski chief executive officer. The daughter of Majestic’s Chairman of the Board, Ed Roski, Jr., Reon Roski, a 30-year veteran of the commercial real estate industry, has been a member of the company’s board of directors since 1997. She joined the company as senior counsel in 2007 and was named managing director later that year. As CEO, Reon Roski represents the third generation of Roskis to help lead Majestic Realty. Fast approaching its 75th anniversary, the company was started by Edward P. Roski, Sr. with a single lease transaction in the late 1940s. Under the direction and tireless efforts of Ed Roski, Jr., who joined his father’s company in 1966, Majestic has grown to become an industry leader as the largest, privately-held development company in the country with a diverse, 87-million-square-foot portfolio and an additional 14 million square feet under development in 2022. Built on a foundation of best-in-class industrial buildings in key markets across the country, Majestic has widely expanded its portfolio over […]

Landmark at Otay Nears Completion with Phase II Pouring of the Slabs

June 6, 2022 | Majestic Realty, News

San Diego, Calif.  June 6, 2022 – Colliers is pleased to announce the 476.060 square-foot Phase II build-out of Majestic Realty Co. and Sunroad Enterprises’ highly anticipated Landmark at Otay will officially commence with its pouring of the concrete slabs on Thursday, June 9, 2022. Listed by Colliers’ Chris Holder, Mark Lewkowitz, and Will Holder, the development’s second Phase will comprise two secure freestanding buildings featuring 36’ clear height and trailer parking, located at 1610 and 1910 Landmark Road, San Diego, CA 92154. Phase II of the development is on track for completion in late 2022. With Phase I achieving its fully-leased status earlier this year, the project demonstrates exponential growth and serves the rising demand for new industrial supply in Southern California. “Fueled by the positive momentum and response to Phase I of our park, we’re keeping our foot on the gas in what continues to be one of the most sought-after markets in the region,” said Majestic Realty Vice President Tom Simmons. “We are excited to see this second Phase of our park come to fruition and help meet the […]

Majestic Realty goes full throttle on Fort Worth

June 2, 2022 | Majestic Realty, Press Release

Developer underway on delivery of 2.3 million square feet of new and expanding parks, including 520-acre Majestic Silver Creek Business Park with first, modern-bulk building in west Fort Worth FORT WORTH, TEXAS – Majestic Realty hasn’t just planted a flag in west Fort Worth, the nation’s largest, privately-held development company’s newest project, Majestic Silver Creek Business Park, is single-handedly cutting the ribbon on what will likely be defined as the region’s newest submarket. Combined with its current growth and speculative construction at Majestic Fort Worth South Business Park, the company is poised to deliver 2.3 million square feet of Class-A manufacturing, warehouse and distribution product spread across four buildings to the Fort Worth west and south markets in the next 14 months. In addition, it will bring another 733,000 square-foot-building to full pad prep condition to present “quick to market” build-to-suit potential. “If anyone is bullish on Fort Worth, it’s Majestic,” said the company’s senior vice president, Kyle Valley. “And we’re extremely bullish on west Fort Worth. At a time when some are choosing to pump the brakes just a […]

Edward P. Roski, Jr. inaugural inductee in NAIOP SoCal Hall of Fame

June 1, 2022 | Majestic Realty, Press Release

City of Industry, CA – Edward P. Roski, Jr., president and chairman of the board of Majestic Realty, has been named the inaugural Hall of Fame inductee for the Southern California chapter of NAIOP, the Commercial Real Estate Development Association. Roski, Jr. received a standing ovation from a packed house as he was honored at the organization’s first awards gala held in May. Since joining the company in 1966, he has been the driving force in providing the strategic vision and growing the company that his father founded in 1948 – from a single lease transaction – into the nation’s largest, privately-held development company with an 82-million square-foot portfolio that includes industrial, office, and retail space, as well as sports, entertainment and hospitality projects. Combining his love of sports with his passion for business, he also is co-owner of the Los Angeles Kings and Los Angeles Lakers, and played a critical role in developing Crypto.com Arena (originally STAPLES Center), a landmark in downtown Los Angeles that has driven significant economic growth for the region since its opening in 1999. “We […]

Landmark at Otay development capitalizing on booming California-Mexico trade

April 27, 2022 | Transport Magazine, Noi Mahoney

The area near the Otay Mesa port of entry continues to be a Southern California industrial real estate hot spot. Developer Majestic Realty Co. has begun construction on the second phase of its Landmark at Otay development being built near the U.S.-Mexico border just south of San Diego. “Demand for real estate in the Otay Mesa area is white hot right now,” Tom Simmons, vice president of Los Angeles-based Majestic Realty Co., told FreightWaves. The San Diego/Otay Mesa market is reaching “historic levels” of demand for industrial real estate, according to market research from Marcus and Millichap. “San Diego’s industrial sector entered 2022 on a high note after users absorbed 6.4 million square feet in the second half of last year — a figure that exceeded the total from the prior 15 quarters,” Marcus & Millichap said. “Heightened demand for warehouse and distribution space near the U.S.-Mexico border fueled this strong level of absorption with e-commerce retailers and logistics providers inking leases in Otay Mesa.” Marcus and Millichap said Otay Mesa vacancy rates are below 3%, compared to the national vacancy rate average […]

Developers expand next phase for Landmark at Otay with more than 1.1 million square feet of Class-A spec buildings

April 4, 2022 | Majestic Realty, Press Release

SAN DIEGO –  In what continues to be one of the most active markets in the county for new development and leasing activity, Majestic Realty Co. and Sunroad Enterprises have begun construction on the second half of their initial four-building Landmark at Otay development site located at the intersection of SR-905 and SR-125. In addition, the developers have secured 17-acres of adjacent land to expand the industrial center to a six-building park that will encompass more than 1.1 million square feet of Class-A, modern bulk warehousing and distribution facilities upon build out. Current construction is taking place on 50 acres of the 67-acre master-planned development and includes a 240,975-square- foot building located at 1610 Landmark Road, as well as a 235,085-square-foot building at 1910 Landmark Road. Both will feature 36-foot ceiling clearance and their own 185-foot, secure truck courtyard with individual trailer storage. Each building will also deliver 51 trailer parking stalls, 40 dock-high doors, two ground-level doors with ramps and ESFR fire systems. In addition, the buildings feature Superflat warehouse floors, building-wide Clerestory windows and a prime Otay location […]

Sitting at full capacity, Majestic Realty sets sights on next phase of Majestic Commercenter – a three-building, 800,000-square-foot spec development

November 1, 2021 | Majestic Realty, Press Release

AURORA/ADAMS COUNTY, CO – Sitting at 99.5% occupancy on its 5.5 million square feet of development at the Majestic Commercenter, Majestic Realty announced today that it will break ground before year end on a three-building, 806,630 square foot speculative development at the business park located at the northeast quadrant of I-70 and Tower Road, continuing east to E-470.   A combination of long-term lease renewals, new tenant leases, as well as completed and nearly completed build-to-suit projects in 2021 have given the green light to the developer’s next phase of growth as it looks to stay ahead of the continued strong demand for logistics and distribution product in the market. The southern-California-based developer will initiate its Phase 11 project that will include the 461,580 square foot Building 12, 244,920 square foot Building 11, as well as a 100,130 square foot Building 10. The three buildings will be located in the heart of the 1,600-acre master-planned business park just five miles south of Denver International Airport and featuring I-70 and E-470 frontage.   Features and amenities for each of the buildings […]

Leatherneck Magazine features The Land of the Free Foundation

July 28, 2021 | Leatherneck Magazine, Sara W. Bock

We’re honored that Leatherneck Magazine is bringing attention to The Land of the Free Foundation and the services it provides to the servicemembers of the past, present, and future, and their families. To read the full article, starting on pg 38, go here – www.tinyurl.com/leatherneck-landofthefree