Massive warehouse in store for Aurora
By: Burl Rolette, BusinessDen
A massive Aurora industrial park is about to get its biggest warehouse development yet.
Majestic Realty Co. will start construction three new buildings at its Majestic Commercenter in the coming months. The 834,500-square-foot project, which Majestic says is the largest single-phase spec warehouse development in state history, comes on the heels of a 452,000-square-foot lease Majestic nabbed with Amazon earlier this year.
“We always want to have product available for tenants in the marketplace,” said Majestic EVP Randy Hertel. “And with Amazon coming in to take all of that building, we felt like we needed to go ahead and start another one.”
A single 523,000-square-foot warehouse highlights the three buildings Majestic will build. The other two will come in at about 155,000 square feet each. Hertel said Majestic would spend about $30 million on the development.
With the large chunk of industrial space coming online all at once, Hertel said Majestic’s plan is to appeal to different pools of potential renters. The larger building could break down into as many as four different units for tenants, between 100,000 square feet and 200,000 square feet.
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