Developer Secures $45.1 Million Construction Loan For 8-Building Industrial Park In Ocoee
McCraney Property Co., plans to develop the industrial park on a 40-acre site at 1290 Ocoee Apopka Road.
McCraney Property Co., plans to develop the industrial park on a 40-acre site at 1290 Ocoee Apopka Road.
This year, commercial space companies are invited to submit applications for Space Florida’s Space Transportation Infrastructure Matching Fund – requiring a private match of 50% or greater – to help meet current and future commercial and public sector space transportation needs.
TerraCap purchased the asset in October 2020 for $24,000,000.
The firm has appointed Rafael Mendez, CCIM, to lead the new office expansion.
The acquisitions total 254,000 square feet.
In only nine months since its initial launch, Basis has amassed a vast portfolio of existing multi-tenant industrial and self-storage space and development sites – with a focus on Florida and the Sun Belt.
The 1 million-square-foot Class A warehouse facility will cater to the underserved demand for industrial facilities in Volusia County, driven by the robust growth of the space vehicle launch industry along Florida’s Space Coast.
Marcus & Millichap represented the undisclosed seller in the transaction. Flavia Kanyago of CrossMarc will handle leasing at the center.
The site that will be developed into three Class A buildings totaling 777,200 square feet.
Basis will be expanding the park with an additional 7,500 square feet of warehouse space, which will bring the total square footage to 193,000 square feet. The park currently has over 125 tenants and over 150 bays.
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