REDLANDS, CALIF. — Majestic Realty Co. has broken ground on Summit Apartments, the multifamily component of its 110-acre mixed-use development in Redlands. The property represents the company’s first multifamily project. Located on the northwest quadrant of the Foothill and San Bernardino freeways, the apartment complex will comprise 17 three-story buildings offering a total of 281 garden-style, walk-up apartments. The apartments are available in a mix of one-,...
AURORA, CO – Majestic Realty Co. today announced the addition of Michael Kapoor to its development team at the Majestic Commercenter. An attorney with experience across commercial real estate business and legal elements, Kapoor will serve as an ownership representative and help manage and grow the company’s portfolio at the 1,500-acre industrial park located at the intersection of I-70 and Tower Road in Aurora. Kapoor joins Majestic from the Brownstein Hyatt...
LAS VEGAS – With three new lease agreements at its Las Vegas Digital Exchange Campus/Beltway Business Park (LVDEC/BBP), taking both its current warehouse inventory in the park and throughout the 5.6 million-square-foot Las Vegas portfolio to full occupancy, Majestic Realty Co. will break ground on a nearly 230,000-square-foot speculative property, according to company officials. Set to break ground this July at the intersection of Decatur Blvd. and the Las Vegas...
A store fixtures and equipment firm has leased a big block of industrial space in a new building in Lewisville. Vira Insight LLC has taken 329,060 square feet of space at the Majestic Airport Center DFW business park at 2701 S. Valley Parkway near State Highway 121. The building was developed by Majestic Realty Co., a California-based developer that has a track record in North Texas. “Vira is a tremendous addition to our business park and a great...
DOLLAR GENERAL TO EXPAND DISTRIBUTION OPERATIONS AT TEJON RANCH COMMERCE CENTER (TRCC) Dollar General leases additional space in new industrial building developed by Tejon Ranch Co. and Majestic Realty Co. TEJON RANCH, Calif. (March 26, 2018) – The partnership of Tejon Ranch Co. (NYSE: TRC) and Majestic Realty Co. today announced major discount retailer Dollar General (NYSE: DG) is leasing more than 240,000 square feet of warehouse space in a new building the...
LAREDO, Texas – With a significant 2017 lease in its initial building and a strong level of interest for the remaining available space, Majestic Realty Co. is moving ahead with plans to develop its next warehouse building at Port Grande. The company’s 200,000 square feet of space in Building #1 represents the largest block of available space in the market. However, strong market activity and economic conditions are triggering the developer’s decision to continue...
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