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| Rendering of planned Bent Oak Industrial Park, adjacent to Florida Turnpike and Taft-Vineland Road, metro Orlando, FL |
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| Steven E. McCraney |
ORLANDO, FL and WEST PALM
BEACH, FL, Feb. 24, 2014 – McCraney
Property Company (MPC) closed on a prime, fully entitled 39-acre industrial
site adjacent to the Florida Turnpike and Taft-Vineland Road in metro Orlando.
The site will be home to McCraney’s
new Bent Oak Industrial Park, which
will consist of 700,000 square feet of Class A warehouse-distribution product.
The land purchase
was all cash. Development financing was obtained from BankUnited.
“I have a tremendous passion for Orlando development,” said Steven
E. McCraney, SIOR, CCIM, President and CEO of
McCraney Property Company, which is currently developing almost 1 million
square feet of spec industrial in Central Florida. “We continue to be bullish
on the Central Florida industrial market.”
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| Matthew Sullivan |
The centrally located project includes more than 1,200
feet of Florida Turnpike frontage and is located just minutes away from the
Beachline Expressway-Florida Turnpike interchange.
Clark Stranahan of C4
Architecture was selected as the managing architect.
Phase one of Bent Oak
includes two state-of-the-art industrial buildings. Building I will be a
225,000-square-foot, 32’ clear, front-load distribution facility. Building II
will be a 475,000-square-foot, 32’clear, cross-dock distribution facility. The
site plan has been submitted to the county for approval. Groundbreaking is
expected in early Q2 of 2014.
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| Wilson McDowell |
Matthew Sullivan, Wilson McDowell and Bobby Isola of Colliers International Central Florida,
represented the seller in the transaction. The same Colliers team has been
appointed exclusive leasing agent for the project. For more information, please
call (407) 843-1723.
MPC is also in the process of constructing two spec industrial
buildings, totaling 243,000 square feet, in John Young Business Park with its
joint venture partner Clarion Partners. The shells of both buildings are now
finished.
McCraney Property Company (www.mccraneyproperty.com)
develops and manages commercial/industrial and warehouse/distribution
properties located in West Palm Beach, the Treasure Coast and Orlando, Florida.
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| Robert Isola |
The company has developed corporate holdings exceeding 2,500,000
square feet. Services include development of Class A business parks,
acquisitions, joint venture investments, construction and property management.
Led by President and CEO
Steven McCraney, the company is very active in the commercial real estate
industry and through its philanthropic endeavors in the communities it serves.
For more information, call
561-478-4300 or 407-852-0701
For a complete copy of the company’s news release, please
contact:
Don Silver (donsil@boardroompr.com) or
Ashley Fierman (afierman@boardroompr.com)
Boardroom Communications, 954-370-8999/954-629-7523.
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