AURORA, Colo. – With new lease agreements in place for nearly 300,000 square feet of its most recent half-million-square-foot speculative property, Majestic Realty Co. today announced plans to build a 452,400-square-foot sister speculative industrial warehouse and distribution facility at its Majestic Commercenter. Set to break ground in April, Building #29 is a Class-A industrial property scheduled for completion by Nov. 1, in time to help meet anticipated...
A developer is planning big in Las Vegas. Majestic Realty, perhaps best known for its involvement with a scraped plan for a UNLV football stadium, is projecting to break ground on a large speculative industrial space before the end of 2015, according to a company spokesman. The project adds to an already extensive list of new large-scale industrial space construction projects planned around the Las Vegas Valley. The projected warehouse distribution space — which...
E-commerce is poised to take the industrial market by storm with more than one-half of all retail sales projected to be done online as soon as 2020. DFW’s industrial market should see increased activity in the mega-deal space, largely because of that e-commerce boom, says Majestic Realty Co. VP Al Sorrels (with his son, Blake, at the NCAA national championship at AT&T Stadium). The potentially exponential growth will be among the biggest impacts to the...
Holiday Fundraiser Majestic Realty Co., Crossroads Business Park and the Majestic Realty Foundation hosted their 14th Annual Crossroads Holiday Fundraiser to raise funds for San Gabriel Valley nonprofits. Featuring holiday entertainment by the award winning Mt. San Antonio College Chamber Singers and lively drawings for luxurious prizes and gift baskets, the luncheon raised nearly $180,000.00 for four area nonprofits: East Valley Community Health Center, Mt. San...
A build-to-suit development in the southwest portion of the Atlanta area for a major retailer highlights the increased activity the metro area is seeing in e-commerce facilities, underscores the resurgence of construction activity in the local warehouse market since the Great Recession, and signals a new trend in the location of this type of facility. In a deal officially announced Oct. 16, Bentonville, Ark.-based Wal-Mart Stores Inc., the world’s largest...
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