West Palm Beach-based McCraney Property Company acquired 43.9 acres near Orlando for a 652,696-square-foot industrial property development.
McCraney Property plans to construct three industrial buildings for e-commerce fulfillment. Their sizes will be 104,950 square feet, 145,164 square feet and 402,582 square feet.
The development site is in Ocoee, a suburb northwest suburb of Orlando where State Road 429 intersects with Florida’s Turnpike. Construction is expected to start this month.
Northwest Orange County, where Ocoee is located, has one of the lowest industrial vacancy rates in Central Florida, according to recent market reports.
The company has about seven million square feet of speculative industrial developments under way in Florida, Georgia, South Carolina and North Carolina.
William “Bo” Bradford, co-president and principal of Lee & Associates, represented entity that sold the 43.9-acre development site in Ocoee to McCraney Property. – Mike Seemuth