Majestic Realty closing in on completion of three-building development at Tempe Commerce Center

TEMPE, Ariz. – Majestic Realty Co., the nation’s largest, privately-held real estate development company, will begin tilting up walls on its three-building, master-planned business park in southern Tempe later this month. With building sizes of 39,704 square feet (Building #3), 47,856 square feet (Building #1) and 85,752 square feet (Building # 2), the master-planned Majestic Tempe Commerce Center is scheduled for completion in late September, according to company...

Majestic Realty signs first tenant to Port Grande as it closes in on completion of Building #1

LAREDO, Texas – With completion of its Phase I Building #1 in sight, Majestic Realty Co. has signed its first tenant to Port Grande, a 2,000-acre, master-planned Logistics Port, which will have just shy of 200,000 square feet of additional space still available when the 366,080-square-foot building is completed in late August. An international firm in the automotive industry, the undisclosed tenant is new to Laredo and will occupy 166,400 in a long-term lease...

Colorado’s biggest-ever spec industrial building breaks ground soon in Aurora

Majestic Realty Co. will soon break ground on Colorado’s largest-ever single-building speculative industrial development in Aurora, building 701,500 square feet near Interstate 70 and Tower Road. Majestic’s new building is expected to break ground in June and to be complete in the first quarter of 2018. It will be built on 36 of the 1,000 acres in the Majestic Commercenter. Majestic in 2015 purchased 530 acres of land adjacent to parcels it already owned and...

STATE’S LARGEST SPEC WAREHOUSE/DISTRIBUTION FACILITY TO BE BUILT AT MAJESTIC COMMERCENTER IN AURORA

COMPANY ALSO ANNOUNCES FOUR LEASE DEALS TOTALING 622,000 SQUARE FEET IN OTHER COMMERCENTER BUILDINGS   AURORA, Colo. – With pre-lease agreements taking up a majority of what was the largest speculative industrial project ever to be built in the metro-area, Majestic Realty Co. announced plans to beat its own record and build the state’s largest individual speculative building at its Majestic Commercenter park in Aurora. Set to break ground in June, the...

Majestic Brookwood Business Park Named Oregon’s Industrial Development of the Year

HILLSBORO, Oreg. – Majestic Realty Co.’s Majestic Brookwood Business Park has been named the Industrial Development of the Year by the Commercial Association of Brokers of Oregon and Southwest Washington, SIOR and the NAIOP Oregon Chapter. The award was presented at the organizations’ annual “Night of Excellence in Commercial Real Estate.” With its long-term vision for development opportunities in Hillsboro, Majestic had its eye on what is today known as The...

OmniTRAX and Majestic Realty Form Partnership to Develop Class A Warehouses at GEOTRAC Industrial Hub, Port of Brownsville

BROWNSVILLE, TX – OmniTRAX, Inc., one of the largest, privately-held transportation service companies in North America and an affiliate of The Broe Group, today announced an agreement  with Majestic Realty Co., the nation’s largest, privately-held industrial developer and owner of master-planned business parks, to build Class-A warehouses at the 200-acre GEOTRAC Industrial Hub in the Port of Brownsville, Texas. The new relationship and anticipated development...