RectorSeal, a leading manufacturer and distributor of industrial components, relocates from the Los Angeles basin to join the growing list of companies moving distribution operations to TRCC TEJON RANCH, CA. (December 4, 2023) – The partnership of Tejon Ranch Co. (NYSE: TRC) and Majestic Realty Co. today announced it has secured a lease, several months in advance of occupancy, with RectorSeal, LLC. RectorSeal is a leading manufacturer of quality HVAC/R and...
FOR IMMEDIATE RELEASE Sept. 13, 2023 Preleases over 35% of Phase I construction as occupier demand drives growth LAS VEGAS – With construction on the first speculative buildings at its new Arroyo Beltway Commercenter underway in the southwest submarket, Majestic Realty Co. and its joint-venture partner, EJM Development Co., announced the signing of two prelease agreements that will occupy more than one-third of the initial 764,000-square-foot, four-building...
Business is good at the Otay Mesa port of entry, California’s largest commercial land border crossing, which tallied $62.4 billion in trade in 2022, a 12.7% year-over-year (y/y) increase compared to 2021. The Otay Mesa port of entry is just south of San Diego along the border across from Tijuana, Mexico. The growth of trade at Otay Mesa has been spurred by the nearshoring of manufacturing and supply chains from Asia into Mexico, which is creating a surge in demand...
TEJON RANCH, Calif., Nov. 10, 2022 (GLOBE NEWSWIRE) — The partnership of Tejon Ranch Co. (NYSE: TRC) and Majestic Realty Co. today announced it has completed construction and secured a full-building lease of its 629,274-square-foot industrial distribution facility to an undisclosed major retailer at the Tejon Ranch Commerce Center (TRCC). This latest transaction follows a series of recent deals at TRCC involving four building sites, comprised of more...
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...
The area near the Otay Mesa port of entry continues to be a Southern California industrial real estate hot spot. Developer Majestic Realty Co. has begun construction on the second phase of its Landmark at Otay development being built near the U.S.-Mexico border just south of San Diego. “Demand for real estate in the Otay Mesa area is white hot right now,” Tom Simmons, vice president of Los Angeles-based Majestic Realty Co., told FreightWaves. The San Diego/Otay...
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