Majestic & Sunroad Sign R.L. Jones to Huge Lease in Otay Mesa
Majestic Realty Co. and Sunroad Enterprises, developers of Landmark at Otay, the largest industrial project in San Diego County, have signed a full-building, prelease agreement with R.L. Jones Customhouse Brokers for an under-construction, 241,000-square-foot building at the facility in San Diego. The agreement is an expansion at the 1.1-million-square-foot Landmark at Otay for R.L. Jones, which already occupies 150,000 square feet.
“With Near-Shoring, the boom in e-commerce and organic growth amongst our clients, we are very excited that this expansion will allow us to grow within our industry while continuing to provide quality service to our clients,” said R.L. Jones VP Eduardo Acosta.
The agreement represents the largest non-Amazon industrial lease in Otay Mesa in the past decade, and the largest in San Diego County in the past five years, according to Colliers. The Colliers team of Mark Lewkowitz, Chris Holder and Will Holder is responsible for marketing and leasing the development. Cushman & Wakefield’s Regan Tully represented R.L. Jones in the lease transaction.