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April 27, 2015 3:57 AM ET

Real Estate Management and Development

Company Overview of Majestic Realty Co.

Company Overview

Majestic Realty Co. develops, leases, and manages real estate projects. It also offers land acquisition/entitlement, master planning/development, environmental assessment, design/construction, financing, leasing, project financial reporting/variance analysis, and property management services. In addition, the company provides processing, project programming, conceptual design, estimating, scheduling, architecture, engineering, project management, general contracting, thematic interiors/exteriors, tenant improvements, space planning, and owner’s representative services; and commercial property management services. Its portfolio includes industrial, retail, office, hospitality, and entertainme...

13191 Crossroads Parkway North

6th Floor

City of Industry, CA 91746-3497

United States

Founded in 1948

Phone:

562-692-9581

Fax:

562-695-2329

Key Executives for Majestic Realty Co.

Chairman of The Board, Chief Executive officer and President
Age: 75
Senior Vice President of Corporate Operations and Director
Senior Vice President and President of Majestic Realty Foundation
Director and President of Commerce Construction Co L P
Senior Vice President, Director of Development and Director
Compensation as of Fiscal Year 2014.

Majestic Realty Co. Key Developments

Majestic Realty Retail Signs Lease Agreements with Four New Retailers

Majestic Realty Retail announced that it has signed lease agreements with four new retailers at its Mountain Grove at Citrus Plaza retail and entertainment center, including agreements with The Gap (7,500 square feet), Banana Republic (7,500 square feet), Old Navy (15,000 square feet) and ULTA (10,000 square feet). An additional 100,000 square feet of national and regional tenant leases are under negotiation and expected to be signed in September 2014.

Lehigh Valley Airport To Sell Assets

Lehigh Valley International Airport intends to sell 298 acres of airport property. Tony Iannelli, Chairman of the Lehigh-Northampton Airport Authority, said that the Lehigh Valley Industrial Park Inc. is not only the best choice to transform surplus airport land into its eighth business park, but it also may be the airport's best chance to raise enough money to pay off its court debt by next year's deadline. Lehigh-Northampton Airport Authority is divesting the assets to raise money to pay off a $26 million court judgment against it for taking a developer's land. The authority also received interest from Jaindl Land Company Inc, J.G. Petrucci Company, Inc. andMajestic Realty Co. but it notified them that they would not be chosen. Iannelli added that he's hoping the sale will raise enough to make that final payment. Lehigh Valley International Airport officials did not return messages to The Morning Call (Allentown, Pennsylvania).

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