{"id":1004525800,"date":"2021-03-25T04:16:38","date_gmt":"2021-03-25T12:16:38","guid":{"rendered":"http:\/\/internal.cpexecutive.com\/?p=1004518294"},"modified":"2021-05-18T23:50:03","modified_gmt":"2021-05-19T07:50:03","slug":"mccraney-property-buys-land-for-1-2-msf-spec-industrial-park","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/mccraney-property-buys-land-for-1-2-msf-spec-industrial-park\/","title":{"rendered":"McCraney Property Buys Land for 1.2 MSF Spec Industrial Park"},"content":{"rendered":"
\"\"<\/a>

Image courtesy of Marcin Jozwiak via Pixabay.com<\/em><\/p><\/div>\n

McCraney Property Co. has purchased an ensemble of four parcels totaling 150 acres for the development of a 1.2 million-square-foot speculative industrial park in Charlotte, N.C. The off-market transaction marks the sale of the last premium vacant lots in the city\u2019s Southwest Airport submarket.<\/p>\n

\n

READ ALSO<\/strong>: Ramping Up Warehouse Safety<\/a><\/p>\n

\n

Dubbed 485 Logistics Industrial Park, the five-building Class A project is still under review by city officials, while the parcels\u2019 rezoning from residential to industrial use has already been approved. The development would bring McCraney\u2019s total footprint in the market to more than 2 million square feet.<\/p>\n

The four parcels near Charlotte Douglas International Airport are less than a mile from Interstate 485, while central Charlotte is roughly 8 miles west. The project would more than double the submarket\u2019s industrial stock under construction as of the last quarter of 2020.<\/p>\n

Joe Curley, leasing & acquisition director of Southeastern Regions at McCraney, arranged the deal in-house on behalf of the buyer, while Avison Young\u2019s Managing Director & Principal Christopher Skibinski, along with Vice President Chris Loyd represented one of the four sellers.<\/p>\n

McCraney’s recent deals<\/h2>\n

The announcement comes on the heels of McCraney\u2019s disposition of the three-building, 350,687-square-foot Airport South Business Park, situated in the same submarket. Nuveen paid $272 million<\/a> to acquire the asset, along with five other warehouses in Florida and Georgia. In 2017, McCraney bought 54 acres for the development, which was initially slated to comprise six buildings.<\/p>\n

Down in Florida, McCraney and partner Tavistock Development Co. are in the process of developing the 206-acre Infinity Park’s second phase in Orlando<\/a>, Fla. The expanding park’s latest 433,404-square-foot speculative warehouse, dubbed Building 800, was the largest industrial development underway in the market at the end of last year.<\/p>\n","protected":false},"excerpt":{"rendered":"

The five-building project is slated to rise near Charlotte Douglas International Airport.<\/p>\n","protected":false},"author":739,"featured_media":1004527785,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1582,21782,21748,21783,21742],"tags":[33022,36026],"class_list":["post-1004525800","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-charlotte","category-development","category-industrial","category-investment","category-latest","tag-avison-young","tag-mccraney-property-company"],"acf":[],"yoast_head":"\nMcCraney Property Buys Land for 1.2 MSF Spec Industrial Park - 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\/mccraney-property-buys-land-for-1-2-msf-spec-industrial-park\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"McCraney Property Buys Land for 1.2 MSF Spec Industrial Park\" \/>\n<meta property=\"og:description\" content=\"The five-building project is slated to rise near Charlotte Douglas International Airport.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/mccraney-property-buys-land-for-1-2-msf-spec-industrial-park\/\" \/>\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=\"2021-03-25T12:16:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-19T07:50:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/industrial-building-2-aerial-courtesy-of-Marcin-Jozwiak-via-PIxabay.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=\"Beata Lorincz\" \/>\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\/mccraney-property-buys-land-for-1-2-msf-spec-industrial-park\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/mccraney-property-buys-land-for-1-2-msf-spec-industrial-park\/\",\"name\":\"McCraney Property Buys Land for 1.2 MSF Spec Industrial Park - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mccraney-property-buys-land-for-1-2-msf-spec-industrial-park\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mccraney-property-buys-land-for-1-2-msf-spec-industrial-park\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/industrial-building-2-aerial-courtesy-of-Marcin-Jozwiak-via-PIxabay.jpg\",\"datePublished\":\"2021-03-25T12:16:38+00:00\",\"dateModified\":\"2021-05-19T07:50:03+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/23f841021ddf3b38ebc56abefe1d6004\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mccraney-property-buys-land-for-1-2-msf-spec-industrial-park\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/mccraney-property-buys-land-for-1-2-msf-spec-industrial-park\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mccraney-property-buys-land-for-1-2-msf-spec-industrial-park\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/industrial-building-2-aerial-courtesy-of-Marcin-Jozwiak-via-PIxabay.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/industrial-building-2-aerial-courtesy-of-Marcin-Jozwiak-via-PIxabay.jpg\",\"width\":800,\"height\":620,\"caption\":\"Image by Marcin Jozwiak via Pixabay.com\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mccraney-property-buys-land-for-1-2-msf-spec-industrial-park\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"McCraney Property Buys Land for 1.2 MSF Spec Industrial Park\"}]},{\"@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\/23f841021ddf3b38ebc56abefe1d6004\",\"name\":\"Beata Lorincz\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Beata-Lorincz.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Beata-Lorincz.jpg?w=96\",\"caption\":\"Beata Lorincz\"},\"description\":\"With a background in architecture, Beata Lorincz has been an associate editor with Commercial Property Executive and Multi-Housing News since 2017. Her current work centers around architecture and design, the student housing sector and data-driven updates on the office market.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/beata-lorincz\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"McCraney Property Buys Land for 1.2 MSF Spec Industrial Park - 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\/mccraney-property-buys-land-for-1-2-msf-spec-industrial-park\/","og_locale":"en_US","og_type":"article","og_title":"McCraney Property Buys Land for 1.2 MSF Spec Industrial Park","og_description":"The five-building project is slated to rise near Charlotte Douglas International Airport.","og_url":"https:\/\/www.commercialsearch.com\/news\/mccraney-property-buys-land-for-1-2-msf-spec-industrial-park\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2021-03-25T12:16:38+00:00","article_modified_time":"2021-05-19T07:50:03+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/industrial-building-2-aerial-courtesy-of-Marcin-Jozwiak-via-PIxabay.jpg","type":"image\/jpeg"}],"author":"Beata Lorincz","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\/mccraney-property-buys-land-for-1-2-msf-spec-industrial-park\/","url":"https:\/\/www.commercialsearch.com\/news\/mccraney-property-buys-land-for-1-2-msf-spec-industrial-park\/","name":"McCraney Property Buys Land for 1.2 MSF Spec Industrial Park - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/mccraney-property-buys-land-for-1-2-msf-spec-industrial-park\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/mccraney-property-buys-land-for-1-2-msf-spec-industrial-park\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/industrial-building-2-aerial-courtesy-of-Marcin-Jozwiak-via-PIxabay.jpg","datePublished":"2021-03-25T12:16:38+00:00","dateModified":"2021-05-19T07:50:03+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/23f841021ddf3b38ebc56abefe1d6004"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/mccraney-property-buys-land-for-1-2-msf-spec-industrial-park\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/mccraney-property-buys-land-for-1-2-msf-spec-industrial-park\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/mccraney-property-buys-land-for-1-2-msf-spec-industrial-park\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/industrial-building-2-aerial-courtesy-of-Marcin-Jozwiak-via-PIxabay.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/industrial-building-2-aerial-courtesy-of-Marcin-Jozwiak-via-PIxabay.jpg","width":800,"height":620,"caption":"Image by Marcin Jozwiak via Pixabay.com"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/mccraney-property-buys-land-for-1-2-msf-spec-industrial-park\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"McCraney Property Buys Land for 1.2 MSF Spec Industrial Park"}]},{"@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\/23f841021ddf3b38ebc56abefe1d6004","name":"Beata Lorincz","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Beata-Lorincz.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Beata-Lorincz.jpg?w=96","caption":"Beata Lorincz"},"description":"With a background in architecture, Beata Lorincz has been an associate editor with Commercial Property Executive and Multi-Housing News since 2017. Her current work centers around architecture and design, the student housing sector and data-driven updates on the office market.","url":"https:\/\/www.commercialsearch.com\/news\/author\/beata-lorincz\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/industrial-building-2-aerial-courtesy-of-Marcin-Jozwiak-via-PIxabay.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004525800","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\/739"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004525800"}],"version-history":[{"count":2,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004525800\/revisions"}],"predecessor-version":[{"id":1004535450,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004525800\/revisions\/1004535450"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004527785"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004525800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004525800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004525800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}