Continually-Growing Aurora Business Park Expected to Grow Some More

Three new buildings totaling nearly 807,000 square feet are expected to be built in a growing business park in Aurora, Colorado.

The Los Angeles-based Majestic Realty Company is the developer behind the Majestic Commercenter, a 1,600-acre master-planned business park that was launched in the late 1990s.

In the years since, the park has attracted any number of corporations setting up Class A distribution and warehouse space, and now has a total of around 40 structures comprising some 9.5 million square feet.

Now Majestic, as part of the phase two of the park’s development, plans to begin construction by the end of this year on Building 10, which will measure just over 100,100 square feet and will go up at 3100 N. Himalaya Road inside the park.

The second structure, Building 11, will go up at 20310 E. 35th Drive and will come in just under 245,000 square feet.

The third structure, Building 12, will measure 461,600 square feet and is set for construction at 20600 E. 35th Drive.

In a statement, Randy Hertel, Majestic executive vice-president, said the Commercenter “continues to attract and keep an incredible roster of tenants who are taking full advantage of our unparalleled access to the highway, Denver International Airport, and regional distribution and services opportunities.”

The ongoing popularity of the park and its business success is generally credited to a mix of new build-to-suit projects, new tenant leases, and continued long-term leases. Those tenants have included Amazon, General Electric, and Fed Ex.

Very active in the states of the southwest, Majestic Realty has to date developed more than 82 million square feet of industrial, office, retail and multi-family space.

By Garry Boulard

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