MCCRANEY PROPERTY BREAKS GROUND ON 700,000 SF INDUSTRIAL DEVELOPMENT

ORLANDO, FLA. — McCraney Property Co. has begun construction on its Bent Oak Industrial Park project, a 700,000-square-foot, Class A warehouse and distribution center property in south Orlando. McCraney Property formed a joint venture partnership with Clarion Partners LLC for the project. The development will include a 480,000-square-foot distribution center known as Building 100, and Building 200 will be a 220,000-square-foot distribution center. Bodek and Rhodes, a national apparel distributor, signed a 10-year, 200,000-square-foot lease for Building 100. McCraney and Clarion expect the development to be delivered in the first quarter of 2015. Matthew Sullivan, Wilson McDowell and Bobby Isola of Cite Partners are marketing the Bent Oak project.