Construction Begins on Majestic Sunroad Center in Otay Mesa
by Majestic Realty Co. on 10-04-2018
SAN DIEGO – October 4, 2018 – Sunroad Enterprises and Majestic Realty Co. broke ground today on Majestic Sunroad Center, a new Class-A, three-building, industrial development located in San Diego’s Otay Mesa neighborhood. City of San Diego Mayor Kevin L. Faulconer celebrated the groundbreaking alongside dozens of community and business leaders eager to bring a new project that will support growing businesses and meet current market demand for industrial space.
“Industrial projects like Majestic Sunroad Center help fuel our regional economy and create places businesses need to grow and continue creating high-quality jobs for San Diegans,” said Mayor Kevin L. Faulconer. “Majestic Sunroad Center will be an opportunity for our innovation, manufacturing and distribution companies to expand their footprint and bolster the economic competitiveness of the entire San Diego region.”
Majestic Sunroad Center will encompass 227,000 square feet of industrial space across three buildings, featuring first-rate amenities and design features. By providing three separate buildings of unique sizes, Majestic Sunroad Center offers needed adaptability to accommodate a range of businesses, from small to large, that represent a variety of local industries.
“It’s exciting to see Sunroad Enterprises and Majestic Realty Co. partnering on important job-creating Otay Mesa development,” said San Diego County Supervisor Ron Roberts. “These two organizations bring a powerful mix of local and national expertise that I’m confident will provide high-quality critically-needed industrial space to our region.”
With decades of medium-to-large-scale development experience each, Majestic Sunroad Center is the debut industrial project in San Diego County for the Sunroad Enterprises and Majestic Realty Co. partnership. Recent market trends and ideal conditions set the stage for Majestic Sunroad Center, which is expected to be completed in 2019.
“Strong tenant demand, low vacancy rates and a distinct need for new industrial inventory make this ideal timing to bring Majestic Sunroad Center to market,” said Sunroad Enterprises President Dan Feldman. “Sunroad Enterprises has a long history of providing high-quality projects, ranging from office to hospitality uses, in San Diego and we look forward to the same for Majestic Sunroad Center with Majestic Realty Co. as our partner.”
The partnership has designed Majestic Sunroad Center to include leading–edge and function design features including 30-foot clear height, cross-dock loading, LED lighting, ESFR fire protection and secured truck courts among others to attract top-tier tenants.
“We’re excited to dive back into the San Diego market with our partners at Sunroad Enterprises to deliver Class-A industrial product that will help meet the growing demand in Otay Mesa,” said Majestic Realty Co. Senior Vice President Brett Tremaine. “Teaming with Sunroad Enterprises and their well-defined foundation and successes throughout the San Diego market, and backed by the support of the City and County, we look forward to adding our decades of expertise in industrial development to deliver this three-building site that will create options for a diverse range of users.”
Majestic Sunroad Center is located on an approximately 16-acre parcel at the southwest corner of Otay Mesa Road and Otay Mesa Center road, San Diego, CA (92154).
About Sunroad Enterprises
Founded in San Diego in 1977, Sunroad Enterprises is a diversified holding company consisting of two distinct divisions: real estate and automotive. The company has built over 3,000,000 square feet of Class A office space, in addition to the 600 slip Sunroad Resort Marina, 500 multifamily units, and Maderas Golf Club, recently ranked by Golf Digest for the 4th year in a row as a top 100 Golf Course. Sunroad Enterprises has been involved in projects in California, Colorado, and Mexico, and has earned numerous quality commendations from local, regional, and national organizations. On the auto side, Sunroad currently owns and manages 11 car dealerships in Mexico and the US, with annual vehicle sales in excess of 24,000 cars sold, and over 200,000 customers choosing Sunroad for service. Sunroad is proud to have won, amongst others, the Ford Triple Crown Award, Honda Presidents Award, Subaru Stellar Performer, and BMW Center of Excellence Award.
About Majestic Realty Co.
Celebrating its 70th Anniversary in 2018, Majestic Realty Co. is the largest, privately-held developer and owner of master-planned business parks in the United States. With more than 78-million-square-feet in its portfolio, 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, Bethlehem, Penn., Dallas, Denver, Fort Worth and Laredo, Texas, Las Vegas and Phoenix, Ariz.