Majestic Realty Co.
Press Release
December 2, 2002
Transportation, Logistics Companies Expand in
City of Industry
Woman-Owned Businesses Consolidate Operations In
New 90,000 sq. ft. Facility
CITY OF INDUSTRY, Calif. (December 2, 2002) - Majestic
Realty Co. announced that the Megatrux companies, a family of four
transportation and logistics-management businesses, recently leased a
90,000 sq. ft. building on San Jose Ave in the City of Industry. The
$2.85 million, multi-year lease allows one of the largest transportation
networks serving the continental United States, Canada and Mexico to
consolidate its Southern California operations.
The four Megatrux companies-Megatrux, Inc., Megatrux
Transportation Inc., Megatrux Express and Industry Freight-provide a
variety of freight, logistics, and transportation and distribution
services to clients in the United States, Canada and Mexico.
Karen Pelle, Megatrux president, said the new facility
offers many amenities, particularly a location that is centralized for
the companies' employees, as well as strategic access to major West
Coast shipping ports and freeways.
"We needed to be accessible for our staff and in an
environment conducive to our business," Pelle said, adding that the firms'
Orange County offices are now consolidated under the same roof.
Majestic Realty was represented by Terry Baker and Kent
Valley who felt that the Megatrux companies were ideally suited to the City
of Industry property.
"Many of our business parks and industrial properties
are developed with transportation and distribution in mind," Baker said.
"We look for sites that allow our tenants to be near regional transportation
corridors-railways and freeways, airports and major shipping ports. With
their emphasis on logistics and transportation services, the Megatrux
companies were the ideal tenants for this property."
Recognized nationally as leading woman-owned businesses,
the Megatrux companies relocated from various Orange County locations.
Founded in 1948, Majestic Realty Co. is one of the nation's
oldest and largest privately held real estate firms, with an office, retail
and industrial portfolio totaling more than 50 million square feet. The
Southern California-based company is a diversified real estate developer
specializing in the planning and development of premier master planned
business parks.
Headquartered in City of Industry, Majestic Realty
also has offices in Atlanta, Denver, and Las Vegas. For more information, visit
www.majesticrealty.com.
Media Contact:
Fran Inman
Senior Vice President
(562) 948-4375
finman@majesticrealty.com |
