The Landmark at Otay will be situated close to San Diego’s eastern U.S.-Mexico border crossing. Construction has begun on a $100 million, 50-acre industrial park near San Diego’s eastern border crossing with Mexico. The Landmark at Otay project is anticipated to take advantage of the rapid industrialization near the Otay Mesa Port of Entry, as well as infrastructure improvements near — and surrounding — the U.S.-Mexico border. Businesses in Otay Mesa have...
Port Grande, a prospective multi-phase logistics park in the heart of the largest inland port in the country, is soon to become a reality as the company and the city finalize a deal for a 30-year tax increment reinvestment zone. Majestic Realty Co., the country’s largest privately-held industrial and portfolio developer, plans to make the project the epicenter of South Texas trade and even the epicenter of all North American trade as they expect for Mexico’s...
Laredo City Council last week voted to enter into a preliminary public-private partnership with a commercial real estate developer to build a $1 billion, 2,000-acre business park off Interstate 35. In 2015, Majestic Realty purchased the former Mercedes-Benz test track facility near mile marker 13 and developed a master-planed logistics park called Port Grande. They completed the first phase of this project in 2017, developing 100 acres into warehousing for several...
8175 Andrews Ave. Photo courtesy of Colliers International Vidal Corp. has signed a five-year lease on an Otay Mesa industrial building. The cross-border logistics company has leased a 31,360 square-foot building at 8175 Andrews Ave. in Majestic Sunroad Center. Mark Lewkowitz, Chis Holder, and Will Holder of Colliers International San Diego represented Vidal Corp and Majestic Realty Co., the owner of the building. “Majestic Sunroad Center is the first and...
In a state where all-wheel-drive wagons are about as abundant as pines trees, Subaru needs more space. This week, the Japanese automaker’s domestic wing, Subaru of America, announced plans to move into a 550,000-square-foot building near Denver International Airport. The built-to-suit project is expected to break ground later this year on the Majestic Commercenter industrial park northeast of the Interstate 70-Tower Road interchange in Aurora, according to a news...
Majestic Realty Co. has announced plans to develop a 1.1 million-square-foot speculative industrial facility in Union City. The building, which will be delivered by June 2021, kicks off the development of Majestic Airport Center V, the fifth phase of Majestic’s 12 million-square-foot Southside portfolio in the I-85 South corridor. The property is currently under construction, with a second speculative building at Majestic Airport Center V slated to kick off later...
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