Developer underway on delivery of 2.3 million square feet of new and expanding parks, including 520-acre Majestic Silver Creek Business Park with first, modern-bulk building in west Fort Worth
FORT WORTH, TEXAS – Majestic Realty hasn’t just planted a flag in west Fort Worth, the nation’s largest, privately-held development company’s newest project, Majestic Silver Creek Business Park, is single-handedly cutting the ribbon on what will likely be defined as the region’s newest submarket.
Combined with its current growth and speculative construction at Majestic Fort Worth South Business Park, the company is poised to deliver 2.3 million square feet of Class-A manufacturing, warehouse and distribution product spread across four buildings to the Fort Worth west and south markets in the next 14 months. In addition, it will bring another 733,000 square-foot-building to full pad prep condition to present “quick to market” build-to-suit potential.
“If anyone is bullish on Fort Worth, it’s Majestic,” said the company’s senior vice president, Kyle Valley. “And we’re extremely bullish on west Fort Worth. At a time when some are choosing to pump the brakes just a bit, we’re going full throttle with more than 200 acres of infrastructure work underway, best-in-class buildings with large-scale development continuing in south Fort Worth, and a monster project to the west that signifies the true opening of a new submarket.”
Construction is underway on the first and largest building in the 520-acre, Majestic Silver Creek Business Park located directly on the west side of Loop 820 at Silver Creek Road. It is one of the last sizeable land holdings on the Loop that offers immediate access to multiple major on/off ramps and sits adjacent to a NAFTA Superhighway. Majestic Silver Creek Business Park will encompass 6.5 million square feet at build out and is in a preeminent position as one of the few locations on an interloop with land magnitude.
Phase I includes speculative construction of a 1.1 million-square-foot building, one of the largest in the metroplex, scheduled to deliver in Q2 2023. In addition, the developer is underway with pad prep for an adjacent 732,284-square-foot building that will significantly cut the lead time for expansion options, timely speculative construction, and build-to-suit opportunities in a gated, contiguous layout.
“Our long-term vision and steadfast commitment to west Fort Worth is coming to fruition as we help pioneer this new submarket,” said Valley. “This is a major investment and a significant opportunity that could not be realized without the strong partnership we have with our colleagues at the City of Fort Worth and across Tarrant County. We look forward to working alongside the Chamber as partners to continue to make the City of Fort Worth a desirable place to grow your business.”
The early response has been positive as Majestic is actively quoting deals on its first two speculative buildings as well as other positions in the park and looking a little further down the road at additional projects and options, according to Valley.
“We’ve established a phenomenal land position that is already allowing us to address the huge gap in big and small box availability and the lack of supply as we work with some of the biggest and best users in what has been an underserved, if not unserved, market,” said Valley.
With a range of potential state and local incentives, Majestic Silver Creek Business Park’s appeal to employers and employees alike is enhanced by its unparalleled, industrial park proximity to diverse food and service amenities including fast-casual restaurants, grocery, big-box retail, fuel and convenience stores, as well as, banking and healthcare services, all within a minute walk from the project.
Majestic focused its park design, look and feel to incorporate many of the historical Silver Creek elements that have defined the land over the decades, including an original water tank that will mark the park’s front entry.
“We’re excited to see the partnership between Majestic Realty and Hickman Companies continue to execute ground-breaking projects in the City of Fort Worth,” said District 3 City Council Member Michael D. Crain. “This project will allow the city to continue to compete for regional business relocations, as well as increase job growth potential to an important part of the city.”
Majestic Fort Worth South Business Park expands:
Moving southeast from its new park, the developer is seeing strong pre-lease activity as it prepares to deliver the last two Phase I buildings in its 320-acre Majestic Fort Worth South in July and is kicking off the five-building Phase II with the start of construction on a 781,544-square-foot speculative building scheduled to deliver in the second quarter of 2023.
“Growing demand, coupled with the lack of availability for over-700,000-square-foot buildings in the market, prompted us to move forward on what will be the largest available under- construction building in this submarket.”
In addition, Majestic is mass grading 145 acres to ease timely expansion with adjacent buildings that can be brought to market quickly in a contiguous campus. Direct access to I-35 and I-20, a strong labor market and low vacancy, provide attractive options and opportunities for companies considering locating or relocating within the DFW Metroplex, according to Valley.
For more information on Majestic Fort Worth South Business Park, visit: https://www.majesticfwsouth.com/
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 approximately 87-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; Dallas – Ft. Worth and Laredo, Texas; Denver/Aurora, CO; Las Vegas; Phoenix; Portland; and Bethlehem, PA.
for Majestic Realty Co.