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...

Landmark at Otay Reaches Tilt-Up Milestone

Majestic Realty Co.’s and Sunroad Enterprises’ Landmark at Otay, a four-building industrial center totaling 845,830 square feet, has reached the concrete wall panel tilt-up and roof construction milestone for Phase 1 of the speculative project. Construction commenced in January 2021 and is slated for completion in September 2021. “It’s always exciting to hit these milestone moments in the construction and development process, particularly with the continued...

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...