LAS VEGAS – With three new lease agreements at its Las Vegas Digital Exchange Campus/Beltway Business Park (LVDEC/BBP), taking both its current warehouse inventory in the park and throughout the 5.6 million-square-foot Las Vegas portfolio to full occupancy, Majestic Realty Co. will break ground on a nearly 230,000-square-foot speculative property, according to company officials. Set to break ground this July at the intersection of Decatur Blvd. and the Las Vegas...
DOLLAR GENERAL TO EXPAND DISTRIBUTION OPERATIONS AT TEJON RANCH COMMERCE CENTER (TRCC) Dollar General leases additional space in new industrial building developed by Tejon Ranch Co. and Majestic Realty Co. TEJON RANCH, Calif. (March 26, 2018) – The partnership of Tejon Ranch Co. (NYSE: TRC) and Majestic Realty Co. today announced major discount retailer Dollar General (NYSE: DG) is leasing more than 240,000 square feet of warehouse space in a new building the...
LAREDO, Texas – With a significant 2017 lease in its initial building and a strong level of interest for the remaining available space, Majestic Realty Co. is moving ahead with plans to develop its next warehouse building at Port Grande. The company’s 200,000 square feet of space in Building #1 represents the largest block of available space in the market. However, strong market activity and economic conditions are triggering the developer’s decision to continue...
LAS VEGAS – With a majority of its newest industrial building leased upon completion of construction and strong activity on the remaining available space, Majestic Realty Co. is planning the next phase of development at its Las Vegas Digital Exchange Campus/Beltway Business Park (LVDEC/BBP) in 2018. Pilot Air Freight, a full-service global transportation and logistics company with more than 75 locations throughout North America, has signed a long-term lease for...
AURORA, Colo. – Majestic Realty Co., the nation’s largest, privately-held developer of industrial business parks, has begun construction on the state’s largest speculative warehouse/distribution facility, breaking its own prior records for speculative development – construction that is started without a lease agreement or end user in place. The 701,900-square-foot Building #15, nicknamed the “Big Bomber,” broke ground in late June and is scheduled for completion...
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...
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