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July 08, 2015 3:49 AM ET

Real Estate Management and Development

Company Overview of Majestic Realty Co.

Company Overview

Majestic Realty Co. develops, leases, constructs, and manages commercial real estate properties in the United States. It also offers land acquisition/entitlement, master planning/development, environmental assessment, design/construction, financing, leasing, project financial reporting/variance analysis, and property management services. Its portfolio includes industrial, retail, office, hospitality, and entertainment facilities. Majestic Realty Co. was founded in 1948 and is based in City of Industry, California. The company has regional offices in Atlanta, Georgia; Dallas, Texas; Denver/Aurora, Colorado; Las Vegas, Nevada; Bethlehem, Pennsylvania; and Los Angeles, California.

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: 76
Chief Financial Officer, Executive Vice President and Director
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
Compensation as of Fiscal Year 2015.

Majestic Realty Co. Key Developments

Majestic Realty Co. Adds Kerby Smith as Senior Vice President of Development in Fort Worth Office

Majestic Realty Co. announced the addition of Kerby Smith as Senior Vice President of Development in its Fort Worth office. Smith will join Majestic Realty’s Fort Worth-based team focusing on the implementation of the company’s revitalization of the 70-acre mixed-use project in the Fort Worth Stockyards. Prior to joining Majestic, Smith served as senior vice president of development, with Trademark Property Company in Fort Worth. During his time with Trademark, Smith developed or redeveloped more than 2 million square feet of mixed-use projects.

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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