NAIOP, the Commercial Real Estate Development Association, has selected Majestic Realty Co. as its prestigious 2015 Developer of the Year – the association’s highest honor. Headquartered in Southern California, and with regional offices throughout the United States, Majestic is the largest, privately-held industrial developer in the United States and is widely-recognized as a long-term powerhouse in the development community and beyond.
Majestic completed nine new buildings in the past year, adding more than 6 million square feet and increasing its impressive ownership portfolio to 78 million square feet. Many of these new properties represent some of the largest and most successful build-to-suit and speculative projects in the company’s history. In addition, Majestic announced major mixed-use, retail/entertainment development project and a 2,000-acre land acquisition in Laredo, Texas.
With its most recent successes and planned portfolio growth, Majestic continues to be the dominant industry player with a strong presence in strategic gateway locations, including California, Texas, Georgia, Pennsylvania and Florida, as well as other key hubs that include Denver, Las Vegas, Salt Lake City, Portland, and Madison, Wisconsin.
Majestic delivers fully-integrated services that range from land acquisition and entitlement, through design/construction and finance, to leasing and property management. The company works with businesses of all sizes, including a majority of the Fortune 500 companies, and enjoys one of the highest tenant retention rates in the industry with relationships that span decades in multiple projects across large geographic regions.
“Majestic’s unique ability to thrive in changing market conditions, strong company leadership and financial stability, and longstanding record of community service make it ‘the’ company to emulate across our industry and one in which we are proud to recognize as the 2015 Developer of the Year,” said Thomas J. Bisacquino, NAIOP president and CEO.
Edward P. Roski, Jr., says he leads Majestic in the old-school values and principals practiced and taught by his father, Edward P. Roski Sr., and has created a dedicated team of real estate, construction and business professionals to deliver a creative, results-driven, community-minded, business savvy and financially flawless ownership portfolio. Roski and his Majestic team, many of whom have been with the company for more than 30 years, are recognized among the industry leaders as strong advocates, partners, consultants and real estate visionaries to businesses across the globe.
“To be honored by your peers is truly the highest honor, and we are humbled by the NAIOP recognition as the 2015 Developer of the Year,” said Majestic President & Chairman, Edward P. Roski Jr. “It goes without saying that we have an amazing team at Majestic Realty. Our team understands business, understands our clients and works very hard to earn our success in the development community and in our communities at large. We’re guided by that principle that we believe that the actions we take every day help shape and mold the present into a future of which we can all be proud.”
Widely recognized for its expertise in master-planned business parks for the industrial/warehouse sector, the company has also earned an international reputation with its diverse accomplishments that include co-developing the world-renowned STAPLES Center in Los Angeles, L.A. Live, the Silverton Hotel and Casino Resort in Las Vegas, and the Pacific Palms Conference Resort in southern California, as well as Class A office parks and regional lifestyle shopping centers.
Majestic follows a unique business model of maintaining ownership in nearly all of the properties it develops and, despite ever-changing market conditions, has maintained an unprecedented flawless financial record over its 66-year history. As a privately-held company, Majestic diligently monitors market conditions and industry trends and has made timely development decisions that have resulted in strong lease activity and availability of high-end products.
In addition to Majestic’s development expertise, financial stability and market leadership, the company is immersed in industry trends and public policy discussions. It is often the only developer at the table for critical policy and regulatory conversations and decisions. Majestic is deeply committed to green building and environmentally responsible design and service delivery, and the company has been recognized by the U.S. Environmental Protection Agency with an Environmental Justice Achievement Award for its work on the Clean Truck Program at the POLA/POLB.
Additionally, Majestic and is the only developer that has an executive appointed to serve on the U.S. Department of Transportation’s National Freight Advisory Committee that advises the U.S. Secretary of Transportation on matters related to developing a national strategic freight plan for the U.S.
Civic minded and dedicated to the communities in which it operates, the Majestic Realty Foundation and the Land of the Free Foundation have committed millions of dollars to numerous charities over the past several decades and are just two examples of the company’s longstanding commitments to paying it forward by giving back.
About the Award
The 2015 Developer of the Year award will be presented on Thursday, October 15, at NAIOP’s Commercial Real Estate Conference in Toronto, Ontario, Canada. Majestic was selected from an impressive slate of nominees and was evaluated by a team of seasoned developers on the following criteria: outstanding quality of projects and services; active support of the industry through NAIOP; financial consistency and stability; ability to adapt to market conditions; and support of the local community.
Since 1979, the Developer of the Year award has been presented to a development company that best exemplifies leadership and innovation. We are proud to name Majestic Realty Co. as the receipt of the 2015 award.
NAIOP, the Commercial Real Estate Development Association is the leading organization for developers, owners, investors and related professionals in office, industrial, retail and mixed-use real estate. NAIOP provides unparalleled industry networking and education and educates for effective legislation on behalf of our members. NAIOP advances responsible, sustainable development that creates jobs and benefits the communities in which our members work and live. For more information, visit naiop.org.
About Majestic Realty Co.
Founded in 1948, Majestic Realty Co. is the largest privately-held developer and owner of master-planned business parks in the United States. Majestic’s approximate 78-million square foot portfolio 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, Dallas, Denver, Fort Worth, Las Vegas and Bethlehem, Pennsylvania.
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About NAIOP: NAIOP, the Commercial Real Estate Development Association, is the leading organization for developers, owners and related professionals in office, industrial, retail and mixed-use real estate. NAIOP comprises 15,000 members in North America. NAIOP advances responsible commercial real estate development and advocates for effective public policy. For more information, visit www.naiop.org.