ORLANDO, Fla. – (September 29, 2014) – McCraney Property Company (MPC) has signed a lease with FedEx Ground to occupy 60 percent of its John Young Business Park’s Building 3, which consists of 142,638 square feet. The tenant, FedEx Ground, a leader in cost-effective, small-package ground shipping, will be using the space as a package distribution center.
“We’re encouraged about the demand for Class A industrial in our Central Florida projects,” said Steven McCraney, SIOR, CCIM, president and CEO of McCraney Property Company. “FedEx has a great business platform, and we’re excited that they chose John Young Business Park.”
McCraney’s 25-acre John Young Business Park consists of a three-building portfolio, totaling 393,000 square feet of modern industrial buildings. A joint venture was formed between MPC and international real estate investment manager Clarion Partners, LLC, to develop the project.
Dade Paper, a 150,000-square-foot state-of-the-art distribution center and offices, was the first of the three buildings in John Young Business Park to be completed. Construction has just been completed on its two spec industrial buildings, Buildings 2 and 3, totaling 243,000 square feet.
Jones Lang LaSalle was the tenant representative for FedEx Ground. David Murphy of CBRE was the exclusive leasing agent for John Young Business Park.
MPC’s team consisted of Steven McCraney, Jerry Benson, asset manager and Ben Kraljev, director of growth and development.
MPC currently has approximately 244,000 square feet under negotiations in Central Florida.