McCraney Property Company continues to outpace market, inks 67,136 square feet long-term lease to national tenant at Bent Oak Industrial Park

Orlando – September 15, 2015 – McCraney Property Company, a leading developer of modern high-finish industrial properties, secured a new lease for 67,136 at Bent Oak Industrial Park, a two-building class A industrial park spanning 703,920 square feet of rentable space over 39-acres at 1701 and 1802 Boice Pond Road in Orlando, Fla.

Within the past three months more than 166,350 square feet of transactions have been completed at Bent Oak to two tenants, bringing the park to 51 percent occupancy. The newest lease is with Blue Line Food Service Distribution, one of the nation’s major foodservice logistics companies which serves as the main logistic provider for Little Caesars Pizza. Blue Line is relocating within Orlando to Bent Oak, located within Orlando’s highly desirable Beachline Expressway-Florida Turnpike interchange, as part of a larger flight to quality trend.

“This lease is representative of a growing requirement of businesses to have “hub and spoke” approaches to logistics strategies to complement larger facilities and ensure distribution efficiencies,” said Steven McCraney, President and CEO of McCraney Property Company. “Our central location and immediate access to major thoroughfares allows e-commerce companies, franchises and multi-location businesses in close proximity to Central Florida to be serviced in-line with the markets’ growing demand.”

Offering unique product and an atypical approach of developing spec product in the Central Florida market, McCraney Property Company was able to accommodate Blue Line’s request for housing its $1.7 million cooler in the tenant’s space. To meet demand for its product, McCraney Property Company announced plans in the third quarter of 2015 for a second phase of Bent Oak through a JV partnership with Clarion Partners. The proposed development will span 1,125,330-square-feet on an adjacent 66 acres; the largest remaining parcel of […]

By |September 15th, 2015|Orlando, Press Releases|Comments Off

McCraney Property Company & Northwestern Mutual to Build 600,315 SF of Class A Institutional Grade Industrial Product at Park27 in West Orlando

Orlando – September 8, 2015 –  McCraney Property Company, a leading developer of modern high-finish industrial distribution properties, and Northwestern Mutual are partnering to develop 603,000 square feet of industrial building space in West Orlando at Park27, located at the northwest quadrant of interstate 4 and US Highway 27.

McCraney Property Company plans to develop two buildings on its 33-acre site:

The first building will span 189,000 square feet
The second will be 414,000 square feet, and be the only multi-tenant spec space available in the immediate area that can accommodate a 300,000+ square foot user with trailer storage

Park27 is located adjacent to the recently announced Walmart ecommerce distribution center to be comprised of two buildings totaling over 2 million square feet as well as a new 310,000 square foot FedEx Ground Shipping Services distribution center. The development will stand in good company as Park27 already serves as a distribution location for Amazon, Best Buy, Ford Motor Company and hhgregg.

“On the heels of the Orlando industrial market experiencing an explosive 2 million square feet of absorption to date this year, currently there is no other sector within commercial real estate more fluid and exciting than the industrial market today,” said Steven McCraney, President and CEO of McCraney Property Company. “Industrial is morphing its traditional makeup with retail and technology, and Central Florida is at the perfect crossroads to capitalize on ecommerce momentum.

With Central Florida recently attracting the attention of national brands looking to streamline ecommerce in the state, beyond the existing landscape of tenants, CBRE data predicts that ecommerce operations will occupy an additional 3.4 million square feet of industrial space in Central Florida over the next three years.

“Park27 is a first-class development that represents an exciting opportunity […]

By |September 8th, 2015|Orlando, Press Releases|Comments Off

McCraney Property Company Lands New-To-Market Tenant at John Young Parkway, National Distributor, Uline, Brings Industrial Park to 100 Percent Occupancy

ORLANDO – July 22, 2015  – McCraney Property Company, a leading developer of modern high-finish industrial properties, secured a new-to-market tenant to occupy the remaining 19,239 square feet available at John Young Parkway, a three-building industrial park spanning 393,386 square feet of rentable space over 25.32 acres at 7153 and 7215 S. John Young Parkway in Orlando. The new lease with Uline, the leading distributor of shipping, industrial and packaging materials to businesses throughout North America, marks the national company’s entrance into Central Florida.

Less than six months after McCraney Property Company and JV partner Clarion Partners completed construction at John Young Park, Uline joins FedEx as co-tenant of the 142,638 square foot Building 3.

“The importance of industrial product is altering due to the transforming landscape of commerce and the increasing number of companies seeking modern spaces in line with their business models. At the center of it all in Florida is the Interstate-4 corridor,” said Steven McCraney, President and CEO of McCraney Property Company. “The addition of Uline to the Central Florida market underscores Central Florida’s attractiveness to national brands looking to streamline ecommerce in the state.”

Bucking the trend of more than 50,000 square feet of negative absorption in 2Q 2015 in Southwest Orlando, according to recent market reports, John Young Parkway is boasting no vacancy in a submarket averaging 9 points. “As we close a chapter in the leasing of John Young Parkway, we focus our attention on the development of the second phase of Bent Oak, an industrial park in near proximity within Orlando’s Southeast Orange market,” continued McCraney. “As vacancy continues to improve year-over-year in Central Florida’s industrial market, we are poised to meet the growing demand of the retailization of industrial […]

By |July 22nd, 2015|Orlando, Press Releases|Comments Off

Park 27

By |July 21st, 2015|Orlando|Comments Off
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McCraney Grabs Massive Plot for Industrial

By |July 9th, 2015|News, Orlando|Comments Off