{"id":1004226834,"date":"2018-05-03T01:04:07","date_gmt":"2018-05-03T09:04:07","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004226834"},"modified":"2022-12-04T11:17:33","modified_gmt":"2022-12-04T19:17:33","slug":"spec-industrial-development-coming-to-orlando","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/spec-industrial-development-coming-to-orlando\/","title":{"rendered":"Spec Industrial Development Coming to Orlando"},"content":{"rendered":"

By Keith Loria, Contributing Editor<\/em><\/p>\n

\"Rendering<\/a>

Rendering of Distribution 429 in Ocoee, Fla.<\/p><\/div>\n

A joint venture between McCraney Property Co. and Clarion Partners will develop Distribution 429, a three-building, 652,696-square-foot speculative industrial park in Ocoee, Fla., utilizing 43.9 acres of land the partners purchased.<\/p>\n

\u201cLarge residential growth is taking place in the Northwest\u00a0corridor of Orlando. These rooftops are driving consumption, and the consumption requires warehouse space,\u201d <\/em>Steven McCraney, McCraney Property Co.\u2019s president & CEO, told Commercial Property Executive. \u201cWe believe that the Northwest corridor is\u00a0perfectly poised for progress today.\u201d<\/em><\/p>\n

When Distribution 429 is completed, Building 100 will consist of 104,950 square feet; Building 200 will consist of 145,164 square feet; and Building 300 will be 402,582 square feet.<\/p>\n

Each building will incorporate McCraney Property Co.\u2019s signature clean facades and high-finish benchmark-setting warehouse design with technological advances that should attract quality end-users requiring freight forwarding, third-party logistics (3PL) and fulfillment needs.<\/p>\n

Growing the portfolio<\/strong><\/h2>\n

The project is expected to break ground later this month and will adhere to McCraney\u2019s philosophy that industrial is the new retail.<\/p>\n

\u201cI believe that as markets evolve, it is also important that companies and their images evolve,\u201d <\/em>he said. \u201cWe are driving a very contemporary look with this asset which signifies all of the new growth that is taking place within this corridor.\u201d<\/em><\/p>\n

The company currently has developments under some form of construction in Florida, Georgia and the Carolinas, totaling more than 7 million square feet.<\/p>\n

Back in December, McCraney Property Co.\u00a0expanded its development portfolio in the Southeast with the acquisition of a 22-acre parcel in Savannah, Ga., with plans to construct a 345,600-square-foot industrial building<\/a> on the site, taking advantage of the area\u2019s\u00a02 percent industrial vacancy rate and rapidly increasing port activity.<\/p>\n

A need in Central Florida\u00a0 <\/strong><\/h2>\n

Recent market reports reveal that Northwest Orange County retains one of the lowest vacancy rates in the Central Florida market and is poised to benefit from continued positive absorption.<\/p>\n

Distribution 429 will be situated at the crossroads of FL-429 and Florida\u2019s Turnpike in the Central Florida submarket with the lowest vacancy rates for industrial space.<\/p>\n

According to McCraney, the company always buys high-profile sites, generally fronting major roadways, as he believes that the exposure is important for the customer, asset positioning and long-term financial stability.<\/p>\n

\u201cTransportation corridors are a huge advantage in a growing Central Florida market,\u201d<\/em> he said. \u201cThe access to both Florida\u2019s Turnpike and the I-4 corridor are simplified by utilizing FL-429. The FL-429 creates a huge time-saver for distribution of product.\u201d\u00a0<\/em><\/p>\n

Image courtesy of McCraney Property Co.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

McCraney Property Co. and Clarion Partners are teaming up to create 652,696 square feet of warehouse space on 44 acres of land in the metro\u2019s industrial growth epicenter.<\/p>\n","protected":false},"author":451,"featured_media":1004226855,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21808,21748,21742,1493],"tags":[32790,36026,36027],"class_list":["post-1004226834","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-featured","category-industrial","category-latest","category-orlando","tag-clarion-partners","tag-mccraney-property-company","tag-steven-mccraney"],"acf":[],"yoast_head":"\nSpec Industrial Development Coming to Orlando - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/spec-industrial-development-coming-to-orlando\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Spec Industrial Development Coming to Orlando\" \/>\n<meta property=\"og:description\" content=\"McCraney Property Co. and Clarion Partners are teaming up to create 652,696 square feet of warehouse space on 44 acres of land in the metro\u2019s industrial growth epicenter.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/spec-industrial-development-coming-to-orlando\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-05-03T09:04:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-04T19:17:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Rendering-of-Distribution-429-in-Ocoee-Fla..jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Keith Loria\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/spec-industrial-development-coming-to-orlando\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/spec-industrial-development-coming-to-orlando\/\",\"name\":\"Spec Industrial Development Coming to Orlando - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/spec-industrial-development-coming-to-orlando\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/spec-industrial-development-coming-to-orlando\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Rendering-of-Distribution-429-in-Ocoee-Fla..jpg\",\"datePublished\":\"2018-05-03T09:04:07+00:00\",\"dateModified\":\"2022-12-04T19:17:33+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/aaa29b723dad85f2444ae3cb0c4d735f\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/spec-industrial-development-coming-to-orlando\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/spec-industrial-development-coming-to-orlando\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/spec-industrial-development-coming-to-orlando\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Rendering-of-Distribution-429-in-Ocoee-Fla..jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Rendering-of-Distribution-429-in-Ocoee-Fla..jpg\",\"width\":800,\"height\":620,\"caption\":\"Rendering of Distribution 429 in Ocoee, Fla.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/spec-industrial-development-coming-to-orlando\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Spec Industrial Development Coming to Orlando\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/aaa29b723dad85f2444ae3cb0c4d735f\",\"name\":\"Keith Loria\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/c971a04cf612cbf81bf5ac2e5ca5dfe85c32fa0d44d16ce044eee3b59755107d?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/c971a04cf612cbf81bf5ac2e5ca5dfe85c32fa0d44d16ce044eee3b59755107d?s=96&d=mm&r=g\",\"caption\":\"Keith Loria\"},\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/keith-loria\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Spec Industrial Development Coming to Orlando - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/spec-industrial-development-coming-to-orlando\/","og_locale":"en_US","og_type":"article","og_title":"Spec Industrial Development Coming to Orlando","og_description":"McCraney Property Co. and Clarion Partners are teaming up to create 652,696 square feet of warehouse space on 44 acres of land in the metro\u2019s industrial growth epicenter.","og_url":"https:\/\/www.commercialsearch.com\/news\/spec-industrial-development-coming-to-orlando\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2018-05-03T09:04:07+00:00","article_modified_time":"2022-12-04T19:17:33+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Rendering-of-Distribution-429-in-Ocoee-Fla..jpg","type":"image\/jpeg"}],"author":"Keith Loria","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/spec-industrial-development-coming-to-orlando\/","url":"https:\/\/www.commercialsearch.com\/news\/spec-industrial-development-coming-to-orlando\/","name":"Spec Industrial Development Coming to Orlando - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/spec-industrial-development-coming-to-orlando\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/spec-industrial-development-coming-to-orlando\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Rendering-of-Distribution-429-in-Ocoee-Fla..jpg","datePublished":"2018-05-03T09:04:07+00:00","dateModified":"2022-12-04T19:17:33+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/aaa29b723dad85f2444ae3cb0c4d735f"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/spec-industrial-development-coming-to-orlando\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/spec-industrial-development-coming-to-orlando\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/spec-industrial-development-coming-to-orlando\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Rendering-of-Distribution-429-in-Ocoee-Fla..jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Rendering-of-Distribution-429-in-Ocoee-Fla..jpg","width":800,"height":620,"caption":"Rendering of Distribution 429 in Ocoee, Fla."},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/spec-industrial-development-coming-to-orlando\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Spec Industrial Development Coming to Orlando"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/aaa29b723dad85f2444ae3cb0c4d735f","name":"Keith Loria","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/c971a04cf612cbf81bf5ac2e5ca5dfe85c32fa0d44d16ce044eee3b59755107d?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c971a04cf612cbf81bf5ac2e5ca5dfe85c32fa0d44d16ce044eee3b59755107d?s=96&d=mm&r=g","caption":"Keith Loria"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/keith-loria\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Rendering-of-Distribution-429-in-Ocoee-Fla..jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004226834","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/451"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004226834"}],"version-history":[{"count":3,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004226834\/revisions"}],"predecessor-version":[{"id":1004226867,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004226834\/revisions\/1004226867"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004226855"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004226834"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004226834"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004226834"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}