Amazon grabs 370,000 square feet with new outposts, including at Portland Meadows

Amazon reportedly is gobbling up more than 370,000 square feet in Portland and Tualatin with two new facilities, adding to its already expansive Oregon footprint, the Business Journal has learned. The Seattle e-commerce company is operating an approximately 227,000-square-foot“last-mile” facility at the Majestic Tualatin Business Center in Tualatin, according to Phillip Brown, executive vice president with Los Angeles-based Majestic Realty Co.,which developed the...

Majestic sees big demand for small product in Aurora

An OmniCable affiliate paid $5.86 million for one of four new small-user buildings at Majestic Commercenter in Aurora. Majestic Realty Co. went small and saw big demand for a series of new buildings in Aurora. “Our general M.O. around the country and here in Aurora is to build the largest spec building that any given market can sustain, and we’re longterm holders as well,” said Majestic Realty Vice President Michael Kapoor. In the company’s 1,500-acre Majestic...

Single User Signs Industrial Pre-Lease Weeks Away from Completion

Source Logistics, a logistics and supply chain provider will more than double its current footprint in Port Grande this month when it takes occupancy in the region’s largest speculative construction on record. Majestic Realty signed a pre-lease agreement with a single user for building two shown in the background. LAREDO, TX—Weeks away from completion of the region’s largest speculative industrial building, Majestic Realty Co. signed a pre-lease agreement with a...

Majestic Realty Co. Buys 30-Acre Loop 202 Land Site

Majestic Realty Co. has acquired a 30-acre land site in the Loop 202 area. The site is one of the last remaining development sites in the southwest Phoenix submarket. Located at the intersection of 55th Avenue and the lower Buckeye 202 off-ramp will be home to a more than 502,000-square-foot speculative industrial building scheduled to break ground in the first quarter of 2020, according to company officials. Called Majestic 55, the development will bring...

Majestic’s Alberta Commons Retail Project Connects Community

Alberta Commons, a 25,000-square-foot shopping district, has come to life with a lineup of anchor tenants and local businesses that have helped connect the community to its past and define its path forward. Phillip Brown (far right) celebrates the grand opening of Alberta Commons (credit: Joshua James Huff). PORTLAND, OR—After more than a decade of community debate and numerous failed redevelopment plans, Alberta Commons, a 25,000-square-foot shopping district...

SECOND LOS ANGELES-BASED DISTRIBUTION CENTER TO MOVE TO THE TEJON RANCH COMMERCE CENTER (TRCC)

  TEJON RANCH CO. ANNOUNCES SECOND LOS ANGELES-BASED DISTRIBUTION CENTER TO MOVE TO THE TEJON RANCH COMMERCE CENTER (TRCC)   In the second lease executed in a six-month period, Tejon Ranch Co. signs confidential agreement with a company that will relocate its west coast distribution operation to TRCC, the logistics hub located at the gateway to Kern County–California’s fast-growing distribution region   TEJON RANCH, Calif. (February 14, 2019)...