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Florida & Gulf Coast  + Central Florida  + Industrial  | 
McCraney Property Company has secured $45.1 million to build a two-phase, eight-building, Class A industrial facility totaling 485,813 square feet in Ocoee, FL.

McCraney Property Company Locks In $45M to Build 496K-SF Industrial Complex in Ocoee

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.

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About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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