August 17, 2016
Majestic Realty Co. will soon launch construction on what could be the largest, single-phase, speculative industrial development in Colorado history. The project, at Majestic Commercenter in Aurora, CO, will begin in fall. The development will consist of three warehouse and distribution buildings totaling 834,580 square feet, with an anticipated completion date of summer 2017.
Majestic Realty is driven to build more by historically low vacancy rates, and a pre-lease of a 452,000-square-foot building to Amazon earlier this year.. “We’ve seen a lot of activity in that 30,000 to 80,000-square-foot user, as well as the larger industrial tenants, and our park layout and available land put us in a great position to deliver a wide range of non-competing product options for the small, medium and large user,” said Majestic Realty’s Randy Hertel.
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