Acquisition Follows the Formation of Majestic Industrial Park A Month Ago
Thursday, December 9, 2010
Just one month after announcing the formation of Majestic Industrial Park, LLC, the company announced the acquisition of the Ekwill Industrial. Radius Group Commercial Real Estate Agent Paul Gamberdella represented Majestic Asset Management while Radius Agents Brad Frohling and Scott Glenn represented the Seller.
Brian Lezak, Principal of Majestic, stated, “The acquisition of the Ekwill Portfolio is the first step in the realization of our business plan to grow our portfolio with a focus in the Santa Barbara area.” “Working with the Radius Group was a key element in the acquisition of this property.” David Fradin, of Majestic said he “was pleased to add to this fully-leased asset to their portfolio.”
Paul Gamberdella of Radius stated that “The 100% leased Ekwill R&D Campus currently has a great mix of tenants of various sizes and business types serving office, R&D and industrial tenants. The property has excellent parking and a convenient location minutes from UCSB, Goleta’s central business district and retail amenities. Due to the project’s ability to appeal to a deep pool of potential tenants on the South Coast, this park will always retain a high level of occupancy and prove to be a great acquisition for Majestic Asset Management.”
Majestic owns and manages over 50 properties totaling close to 1,000,000 square feet of commercial buildings and 1,500 apartment units.