The Real Deal Miami

McCraney lands $65 million of industrial refinancing

BankUnited also provided partial financing for the McCraney's spec project in Plant City

September 10, 2016 12:00PM

  • Print
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.

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

MENU