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South Florida

McCraney lands $65 million of industrial refinancing

Rendering of County Line Logistics Center at Fancy Farms in Plant City
Rendering of County Line Logistics Center at Fancy Farms in Plant City

West Palm Beach-based McCraney Property Co. obtained a $65 million loan from BankUnited to refinance a portfolio of Florida industrial properties.

The refinanced McCraney properties include two in West Palm Beach: Belvedere Business Park and Vista Business Center.

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Miami Lakes-based BankUnited also provided some of the financing for McCraney’s purchase of 78 acres in Plant City, where the company is building a 1.3 million-square-foot spec industrial property called County Line Logistics Center at Fancy Farms.

The Plant City property is close to Interstate 4 and a cluster of existing distribution centers operated by Amazon, Publix Super Markets, O’Reilly Auto Parks, and Miami-based Southern Wine & Spirits. [Sun-Sentinel] – Mike Seemuth

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