WPB firm plans industrial development near Charlotte airport

McCraney Property Company plans a 610,700-square-foot industrial development on 54 acres near Charlotte Douglas International Airport

Dec.December 23, 2017 04:30 PM

Steven McCraney

West Palm Beach-based McCraney Property Co. bought a 54-acre parcel near the international airport in Charlotte, North Carolina, for an industrial development.

McCraney acquired the land less than a mile from Charlotte Douglas International Airport to develop five industrial buildings with a total of 610,700 square feet.

Construction is expected to start in the second quarter of 2018, and delivery of the first buildings is expected in the fourth quarter of 2018.

The development, called Airport South Business Park, will have buildings ranging in size from 99,000 square feet to 154,000 square feet.

McCraney Property, led by president and CEO Steven McCraney, also has a 507,512-square-foot industrial development under way in Rock Hill, South Carolina, a suburb southwest of Charlotte. [Charlotte Business Journal] Mike Seemuth

Related Articles

Rendering of Bridge Point 595 and Kevin Carroll

Bridge Development nabs $60M loan for Davie industrial project

3208 Northwest 72 Avenue and Blackstone CEO Stephen Schwarzman (Credit: Google Maps and Getty Images)

Blackstone buys industrial portfolio near Miami airport for $56M

Public Storage CEO Ronald Havner (Credit: Twitter)

Public Storage picks up industrial portfolio in Miami-Dade for $63M

JPMorgan Chase Bank lends $36M for Pompano Beach industrial development

Trio of industrial buildings in Riviera Beach Opportunity Zone sell for $11.7M

Google to invest $13B in real estate across the US

Deal would make CapitaLand the largest diversified real estate company in Asia

McCraney sells another industrial property in PB County to Cabot Properties, this time for $36M