Majestic Realty Co. Announces Travelers Club Luggage Signs Lease in La Mirada

Business Wire, Feb 26, 2007

LA MIRADA, Calif. -- Majestic Realty Co. today announced that Travelers Club Luggage Inc., a leading maker of luggage, travel goods, sports gear and specialty items, has signed a five-year lease for 100,000 square feet of industrial space in La Mirada. The property is located at 14720 E. Alondra Blvd., and the 24' clear building features 16 loading docks and a drive-in bay.

For the owner-developer, Majestic Realty brokers Trent Wylde and Michael Roski handled the deal. Larry Carlton of Colliers International and Jerry Gillman of Grubb & Ellis represented Travelers Club Luggage.

"We are pleased that this newly refurbished distribution building meets the long term business plan of Travelers Club Luggage," Wylde said. "We look forward to facilitating their expansion out of the South Bay area and building a long term business relationship with them over the next five years and beyond."

Peter Yu, president and CEO of Travelers Club Luggage, said he chose to move his company's headquarters to the La Mirada property after surveying a number of Southern California sites. Yu stated he liked the La Mirada location, the Majestic Realty property and the local labor pool.

"Our experience with Majestic has been a positive one, along with the assistance we received from the City of La Mirada," said Roger Herren, Travelers Club project manager. "We sell to and support U.S. big box stores, specialty store chains, sporting goods chains, major dot.com operations and we export to Latin American countries, so it is essential that we have the warehousing space to be organized and efficient."

Travelers Club is one of the nation's top travel luggage distributors, servicing some of the largest retailers in the U.S. Now celebrating its 20th year in operation, it has factories in China. For product information, visit www.travelersclub.com.

"The outlook for Traveler's Club looks bright and Majestic Realty is certainly an important part of our warehousing plan," Yu said.

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 73 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 and retail centers.

Headquartered in City of Industry, Majestic Realty also has offices in Atlanta, Dallas, Denver and Las Vegas. For information or leasing opportunities, visit www.majesticrealty.com.