Majestic Realty Co. will build 452,400 square feet of speculative industrial space in Aurora, with plans to break ground this month. Majestic, based in a suburb of Los Angeles called City of Industry, decided to construct the space after leasing nearly 300,000 square feet of its most recent speculative property. The new project, dubbed Building No. 29, will be built at Majestic Commercenter near the intersection of Interstate 70 and Tower Road. The property is...
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...
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...
Walmart will double its distribution center space in Bethlehem. State officials announced Wednesday that Majestic Realty Co. will build the Arkansas-based global retailer a 1.2-million-square-foot distribution center that will employ 300 workers to fill online orders at the Majestic Bethlehem Center on the city’s South Side. A year ago, the company announced it would open a 1-million-square-foot distribution center at Lehigh Valley Industrial Park VII, also...
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