McCraney Property Company Pre-Leases 33 Percent of New Development Prior to CO at Vista Distribution Center in West Palm Beach

West Palm Beach – October 12, 2015 – McCraney Property Company, a leading developer of modern high-finish industrial properties, secured two new leases totaling 30,936 square feet prior to Certificate of Occupancy (CO) of two new class A industrial buildings located at 2211 and 2213 Vista Parkway within Vista Distribution Center in West Palm Beach, Fla.

The pre-leasing to the following companies represents roughly 33 percent of the total 96,077 square feet available:

· Epic Gymnastics will take 12,682 square feet of Building 1’s 51,764 square feet at 2211 Vista Parkway

· Nodara will take 18,254 square feet of Building 2’s 44,313 square feet at 2213 Vista Parkway

With roughly 4.2 percent vacancy in West Palm Beach’s industrial market as of 2Q 2015 reports, the limited supply of Class A product is putting pressure on lease rates and sale prices, and impacting tenants seeking medium to large floorplans in the market.

“In advance of today’s market conditions of increased demand for class A industrial product to the point of a shortage of available options, we committed to build spec product to meet the growing demand in West Palm Beach,” said Steven McCraney, President and CEO of McCraney Property Company. “With 658,791 square feet of absorption in the West Palm Beach industrial market to date this year, we’re confident that Vista Distribution Center and our next project, 388,000 square feet of new construction on 45 acres at Turnpike Distribution Center, will be well received in the market due to our approach of delivering modern spaces in line with today’s business needs.”

The new spec warehouse space is designed to allow signage along Jog Road for 50 percent of the building with the other 50 percent facing Vista Parkway. Built with 24′ tilt […]

By |October 12th, 2015|Press Releases, West Palm Beach|Comments Off
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By |June 1st, 2015|News, West Palm Beach|Comments Off

McCraney Property Company Leases More Than 80,000 Square Feet in South and Central Florida in Recent Months

WEST PALM BEACH/ORLANDO – (September 16, 2014) – McCraney Property Company’s (MPC) leasing agents and brokers have had continued success in 2014, completing more than 80,000 square feet of leases at its properties, with approximately 52,000 square feet under negotiations in West Palm Beach and approximately 144,000 square feet in Orlando.

Notable leases included:

MagicJack LP, a manufacturer of portable gadgets that provide consumers with free local and long distance calling from anywhere in the world, signed a new lease for 10,580 square feetin Vista Business Park Lot-17B in West Palm Beach.

PS Flooring, Inc., a company that provides top flooring products,expanded its lease to 7,225 square feet in Belvedere Business Park in West Palm Beach.

Lifetouch National School Studios, Inc., the world’s largest employee-owned photography company, renewed two leases with MPC including 4,950 square feet in Vista Business Park- Lot 18 and 4,235 square feet in Treasure Coast Commerce Center in Stuart.

CMH Solutions, Inc., which serves the South Florida HVAC marketplace, renewed its lease for 3,936 square feet in Vista Business Park- Lot 17A.

Efurniture Brands, LLC, an e-commerce-based furniture distributor, signed a new lease for 14,768 square feet in John Young Business Park in Orlando.

“We are excited about the improving market fundamentals, which have translated into increased leasing activity at our current projects with new developments totaling 1.2 million square feet in the South and Central Florida markets this year,” said Steven E. McCraney, SIOR, CCIM, President and CEO of McCraney Property Company.

Other leases included Classic Promotions & Premiums, Inc., King Mayoreo, All Purpose Construction, LLC and Continuecare Home Health, LLC.

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By |September 16th, 2014|Orlando, Press Releases, West Palm Beach|Comments Off
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By |July 25th, 2014|News, West Palm Beach|Comments Off
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By |July 13th, 2014|News, West Palm Beach|Comments Off