San Gabriel Valley, Calif. – Fueled by a 93,058-square-foot lease agreement with Bank of the West, Majestic Realty Co. today announced plans to build a 166,406-square-foot speculative office building to help meet the growing office demands in the Valley. The Park at Crossroads, 13300 Crossroads Parkway North in City of Industry, is set to break ground January 2014 with completion by April 2015, according to Majestic Realty Co. officials. The new property...
Even before crews bulldozed earth this month for Amazon.com’s huge distribution center in Kenosha, developers from Chicago and beyond began locking in land along Interstate 94 for the next wave of growth. Within walking distance of the site where Seattle-based Amazon will operate a 1 million-square-foot distribution center, developers are preparing 550 acres for three new industrial projects. Others also are in the works near I-94. The land rush reflects...
California-based Majestic Realty Co. has begun building a large 1 million-square-foot speculative development in Lewisville, which could land one of the large tenants circling in the market. Al Sorrels of Majestic is marketing the 1,022,146-square-foot speculative project at 2900 S. Valley Pkwy. in Lewisville as Majestic Airport Center DFW, which is being developed as part of a joint venture with Northwestern Mutual. Sorrels told the Dallas Business Journal he...
Somers — The Plan Commission gave a collective nod Monday night to a proposed industrial park development on 309 acres of farmland at highways H and S. Majestic Realty Co. is proposing the project. Although there is no timeline yet, and sale of the land must be completed, Josh Wheeler of Majestic said the company plans a long-term commitment to the development. Majestic already is developing a single-tenant property in Pleasant Prairie. The Somers project would...
City of Industry, Calif. – Fran Inman, senior vice president for governmental relations and community affairs for Majestic Realty Co. and a member of the California Transportation Commission, has been named to serve on the U.S. Department of Transportation’s National Freight Advisory Committee (NFAC). The 47-member citizens committee was established to advise the U.S. Secretary of Transportation on matters related to freight transportation in the United States....
Acworth — A national retailer of fishing, hunting and other outdoor gear announced plans to open one of its first two Georgia locations near Acworth, bringing 200 jobs. The Sidney, Neb.-based sporting goods retailer Cabela’s Inc. is set to begin construction this fall in its Acworth store on Highway 92 at Interstate 75 and hopes to open by fall 2014, said Nathan Borowski, spokesman for the retailer. The 100,000-square-foot store is planned to be the first in the...