McCraney Property Company has secured $45.1 million in construction financing for the development of Commerce 429, a two-phase, eight-building, Class A industrial facility totaling 485,813 square feet in Ocoee, FL.

Melissa Rose, Michael DiCosimo and Mateo Bolivar of JLL arranged the four-year construction financing on behalf of McCraney Property Company, an Orlando-based industrial owner and developer.

“Construction financing for spec industrial project is still available for best-in-class sponsors developing premium projects in growth markets,” said Rose.

The entire project will comprise eight buildings totaling over 485,000 square feet of Class A industrial space. The first phase of the project consists of six rear-load buildings with sizes ranging from approximately 27,000 square feet to 131,000 square feet. The second phase of the project will consist of two rear-load buildings totaling approximately 76,000 square feet and 95,000 square feet, respectively.

Commerce 429 sits on a 40-acre site at 1290 Ocoee Apopka Road with has direct frontage on SR-429.