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SAN DIEGO – May 2020 – Majestic Realty Co. and Sunroad Enterprises have reached the concrete panel tilt-up construction milestone for the Majestic Sunroad Center in San Diego’s Otay Mesa neighborhood. The Class-A, three-building industrial center totaling 227,268 square feet is slated for completion in Q2 2020.
“Sunroad Majestic Center will be the latest, high-quality industrial offering in the Otay Mesa area,” said Dan Feldman, President of Sunroad Enterprises. “It will create a new location for distribution, manufacturing or innovation companies to locate or grow in the City of San Diego.”
Majestic Sunroad Center includes three buildings ranging in size from 36,360-154,308 square feet each. With three buildings of unique sizes located near metro-San Diego and the Otay Mesa Port of Entry, Majestic Sunroad Center offers needed adaptability to accommodate a range of businesses, from small to large, that represent a variety of local industries.
Pre-leasing for Majestic Sunroad Center is currently underway with representation by Chris Holder, SIOR; Mark Lewkowitz, SIOR and Will Holder of Colliers International San Diego Region.
“Majestic Realty Co. is renown nationwide for creating innovative and functional buildings that last and they have bolstered that experience with Sunroad Enterprises’ local expertise,” said Lewkowitz. “Majestic Sunroad Center offers everything on a user’s wish list, including superior clear heights, surplus dock doors and ideal truck turning radius.”
Majestic Sunroad Center is located on a total 16-acre parcel at 8115, 8140 and 8175 Andrews Ave, San Diego, CA (92154).
“We’re excited to see the walls up and be this close to delivering the quality, amenities and diverse-sizing of this three-building center that will help meet the growing demand in Otay Mesa,” said Majestic Realty Co. Vice President Tom Simmons.
About Colliers International Group
Colliers International (NASDAQ, TSX: CIGI) is a leading global real estate services and investment management company. With operations in 68 countries, our 14,000 enterprising people work collaboratively to provide expert advice and services to maximize the value of property for real estate occupiers, owners and investors. For more than 20 years, our experienced leadership team, owning more than 40% of our equity, have delivered industry-leading investment returns for shareholders. In 2018, corporate revenues were $2.8 billion ($3.3 billion including affiliates), with more than $26 billion of assets under management. Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers or LinkedIn.
For further information, please contact:
Kenneth Moore
858-682-4383
About Majestic Realty Co.
Majestic Realty Co. is the largest, privately-held developer and owner of master-planned business parks in the United States. With approximately 84-million-square-feet in its portfolio, Majestic provides real estate solutions for tenants large and small, creating jobs, tax revenue and community benefits across the country. Headquartered in southern California, Majestic has regional offices in Atlanta, Bethlehem, PA, Dallas, Denver, Las Vegas, Phoenix, AZ, Fort Worth and Laredo, Texas.
Majestic Realty Co. Media Contact
Marty Schechter
303-987-8163