Landmark at Otay Nears Completion with Phase II Pouring of the Slabs
June 6, 2022 | ,
San Diego, Calif. June 6, 2022 – Colliers is pleased to announce the 476.060 square-foot Phase II build-out of Majestic Realty Co. and Sunroad Enterprises’ highly anticipated Landmark at Otay will officially commence with its pouring of the concrete slabs on Thursday, June 9, 2022. Listed by Colliers’ Chris Holder, Mark Lewkowitz, and Will Holder, the development’s second Phase will comprise two secure freestanding buildings featuring 36’ clear height and trailer parking, located at 1610 and 1910 Landmark Road, San Diego, CA 92154.
Phase II of the development is on track for completion in late 2022. With Phase I achieving its fully-leased status earlier this year, the project demonstrates exponential growth and serves the rising demand for new industrial supply in Southern California.
“Fueled by the positive momentum and response to Phase I of our park, we’re keeping our foot on the gas in what continues to be one of the most sought-after markets in the region,” said Majestic Realty Vice President Tom Simmons. “We are excited to see this second Phase of our park come to fruition and help meet the strong demand and immediate interest from some of the country’s highest quality users. With Class-A amenities and high visibility freeway frontage, we know that the competition will be significant.”
In its entirety, the Landmark at Otay industrial park spans 50 acres, and its four freestanding buildings reach a combined 845,830 square feet. Upon completion, the project’s total value will equate to approximately $220,000,000.
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About Majestic Realty Co.
Majestic Realty Co. is the largest, privately-held developer and owner of master-planned business parks in the United States. With over 82-million-square-feet in its portfolio including industrial, office and retail space, as well as sports, entertainment and hospitality projects, Majestic provides real estate solutions for tenants large and small, creating jobs, tax revenue and community benefits across the country. Headquartered in southern California, Majestic has regional offices in Atlanta; Austin, Dallas/Ft. Worth, and Laredo, Texas; Denver/Aurora, CO; Las Vegas; Phoenix; Portland; and Bethlehem, PA.