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| Rendering of planned Bent Oak Industrial Park, Taft-Vineland Road, Orlando, FL |
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| Steven E. McCraney |
ORLANDO, FL and WEST PALM BEACH, FL (Nov 6, 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.
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| Matthew Sullivan |
“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.
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| Wilson McDowell |
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.
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| Robert Isola |
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.
For a complete copy of the company’s news release, please
contact:
Don Silver
Ashley Fierman
Boardroom Communications
954-370-8999/954-629-7523.
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