Majestic Realty Co. will soon break ground on Colorado's largest-ever single-building speculative industrial development in Aurora, building 701,500 square feet near Interstate 70 and Tower Road.
Majestic's new building is expected to break ground in June and to be complete in the first quarter of 2018. It will be built on 36 of the 1,000 acres in the Majestic Commercenter.
Majestic in 2015 purchased 530 acres of land adjacent to parcels it already owned and announced plans to develop as much as 7 million square feet of industrial space in Aurora.
"With 450 acres of undeveloped land still available in our park, and another 500 acres available directly adjacent in our next phase that will accommodate multiple 1 million-square-foot buildings, our focus will continue to be on delivering quality product in a timely fashion to meet the needs of a diverse range of users looking for space needed to service the Rocky Mountain region and beyond," Hertel said.