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| Steven McCraney |
ORLANDO and WEST PALM BEACH – McCraney Property Company
(MPC) and Clarion Partners have entered into a joint venture to develop three
industrial buildings (including Dade Paper) on 25.3 acres at Orlando Central
Park.
McCraney, an
integrated developer and manager of commercial/industrial flex and warehouse
distribution properties located throughout Florida, will be responsible for
project planning, design, construction and property management.
Clarion Partners is
a leading U.S. real estate investment manager with more than $25 billion in
assets under management which includes 100,000,000 square feet of industrial
projects across North America and more than 3,000,000 square feet of industrial
projects in Florida alone. Clarion will be involved in the project’s design and
construction process.
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| Orlando Central Park |
“We are very excited
about the opportunity to grow our Florida industrial holdings and launch a
partnership with McCraney Property Company,” said Kris Arviso, Vice President
at Clarion Partners.
In addition to the 150,000 square-foot Dade Paper
building, which is under construction, Clarion and McCraney will be constructing
two additional industrial buildings on spec with rentable space totaling
225,000 square feet (123,000 and 102,000). Planning has begun on the spec
buildings with construction of the first spec building expected to get underway
during the first quarter of 2013.
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| Kris Arviso |
“We’re bullish on
Orlando, and so is Clarion,” said Steven McCraney, founder and president
of McCraney Property Company. “You couldn’t ask for a better partner."
Media Contact:
Don Silver
Teresa Shum
of Boardroom Communications,
954-370-8999
(561) 478-4300
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