ORLANDO/WPB (November 7, 2013) – McCraney Property Company (MPC), an integrated developer and manager of warehouse distribution and commercial/industrial flex properties located throughout Florida, signed a contract to purchase a fully entitled 39-acre industrial development site with more than 1,200 feet of Turnpike frontage south of and adjacent to Taft-Vineland Road in metro Orlando. McCraney plans to develop Bent Oak Industrial Park, which will total 700,000 square feet of warehouse/distribution product.
“There is no question that this is one of the finest industrial development sites in Central Florida,” said Steven E. McCraney, SIOR, CCIM, CEO of McCraney Property Company, which is currently developing 243,000 square feet of Class A spec industrial in its John Young Business Park, located in Orlando. “This is an excellent opportunity for build to suits for larger users looking to modernize and expand in Orlando’s attractive southwest market; that’s what we intend to deliver.”
The property fronts the Florida Turnpike and is located minutes away from the highly desired Beachline Expressway-Florida Turnpike interchange, which provides excellent access to Interstate 4 and the Central Florida Greeneway, as well as major distribution thoroughfares in Central Florida.
Even with new industrial developments on the horizon in the Orange County market, McCraney believes the pent up demand is there resulting from delays in tenant expansions that occurred during the recession. In addition, the project has several other characteristics that users are looking for today: 32’ clear height, ESFR sprinklers, tremendous trailer storage and Turnpike visibility. Bent Oak has an expected completion in Q3 of 2014.
Bent Oak is being marketed by Matthew Sullivan, SIOR, CCIM, Wilson McDowell, CCIM and Bobby Isola of Colliers International-Central Florida. For more information, call (407) 843-1723.
Late last spring, MPC completed one of the only build to suits in the Orlando market during the last five years, the 150,000-square-foot Dade Paper distribution center located in John Young Business Park. MPC is in the process of constructing two spec industrial buildings totaling 243,000 square feet, also in John Young Business Park.
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