McCraney Property Company Breaks Ground On 603,000 SF At Tampa/Orlando Intersection

McCraney Property Company has broken ground on the only spec industrial new construction in Davenport, the crossroads of Tampa and Orlando. Through a partnership with Northwestern Mutual, McCraney Property Company will develop 603,000 square feet of spec industrial space spanning two buildings at Park27, an industrial park located at the northwest quadrant of Interstate 4 and US Highway 27 in Davenport. Forecasting today’s growth in Central Florida years ago, McCraney Property Company developed 1.1 million square feet of industrial product designed to accommodate the needs to e-commerce and distribution tenants today and in the future. Again at the forefront of industrial growth, McCraney is confident that the market will respond to its next phase of development.  

“Trends come and go. However, purposeful development will sustain,” said Steven McCraney, President and CEO of McCraney Property Company. “Our approach to development has always been to provide the best product possible at the time of need. Often, that is achieved by building spec product at the right time at the right place with the right people.”

The construction of Park27 will include:

•  The first building will span 189,000 square feet
• The second will be 414,000 square feet, and be the only multi-tenant spec space available in the immediate area that can accommodate a 300,000+ square foot user with trailer storage

 

“As we saw recently with the lease signed to Freeman Expositions for 451,823 square feet, large users are in the market,” continued McCraney. “As the economy continues to improve, and the industrial market tightens, quality space at any size requirement will become scarce. We are confident that the location of Park27 at Florida’s crossroad, the intersection of Tampa and Orlando along the highway connecting South Florida to Tallahassee, will heed market demand.”

The existing portion of Park27 serves as a distribution location for Amazon, Best Buy, Ford Motor Company and hhgregg. Located adjacent to the Park is Walmart’s planned 2 million square foot e-commerce distribution center and a new 310,000 square foot distribution center for FedEx Ground Shipping Services.

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