McCraney Property Company Grows Central Florida Industrial Footprint; Purchases 70 Acres at Fancy Farms along I-4 Corridor in Plant City to Construct 1.3 MSF
Plant City, FL – July 18, 2016 – McCraney Property Company, a leading developer of modern high-finish industrial properties, announces the strategic purchase of 70 acres of Fancy Farms’ nearly 250-acre Grooms’ family-owned strawberry farm located at the intersection of County Line Road and Rice Road in Plant City, Fla. The acquisition will pave the way for McCraney Property Company to develop a class A industrial spec property totaling 1,3250,520 square feet.
In the immediate vicinity of Amazon, Publix Super Markets, O’Reilly Auto Parts, and Southern Wine & Spirits’ distribution facilities, McCraney Property Company’s new development will be one of the few sites that can support a single million square foot user. Paying homage to the organic growth of Plant City as the winter strawberry capital of the world and the importance of County Line Road as a hub for distribution, McCraney Property Company’s newest industrial development will include the famed strawberry field in its name, “County Line Logistics Center at Fancy Farms”.
“This area of Central Florida is the new frontier for the convergence of development and commerce. The I-4 passage is attracting new business largely on the broad vision and commitment to the infrastructure of the community and its leaders,” said Steven McCraney, President and CEO, McCraney Property Company. “An avid advocate of advancement, City Manager Mike Herr and the Plant City Economic President & CEO Jake Austin have been instrumental change agents in accelerating smart business growth and development within Plant City.”
The Park’s design will target high-quality end-users requiring freight forwarding and fulfillment needs while also seeking a business location that evokes a sense of place. The Park will incorporate McCraney Property Company’s signature clean facades and high finish benchmark setting product, which includes clear heights up to 36 feet, throughout the following buildings:
- Building 100 – 131,200 square feet
- Building 200 – 168,480 square feet
- Building 300 – 173,600 square feet
- Building 400 – 876,240 square feet
“In order to know where you’re going, you need to know where you came from. I take great pride in being the one chosen by the Grooms’ family to lead this property towards the future. Their entrepreneurial spirit and community legacy will always remain in Plant City,” added McCraney.
Lisa Parks Abberger, a commercial broker with Hauger-Bunch, Inc., represented the seller in this transaction, and Bruce Erhardt, executive director with Cushman & Wakefield, represented McCraney Property Company. “While the community has been proud of the agricultural heritage represented by Fancy Farms, it has embraced the next phase of commerce, including the burgeoning e-commerce trade heavily supported by the logistics industry,” Abberger said.
The most active developer in the niche of Industrial real estate development, e-commerce distribution facilities, management, and private acquisition in Florida’s major markets, McCraney Property Company has completed or is under construction on nearly 4,000,000 square feet of speculative industrial space. In the past year alone, McCraney Property Company delivered 703,920 square feet and broke ground on 602,931 square feet in Central Florida.
