Developers expect to add much-needed industrial space to the region, along with an estimated 300 new jobs for area residents. Developers expect to add much-needed industrial space to the region, along with an estimated 300 new jobs for area residents.

MIAMI—McCraney Property Company has been exerting its spec development force in the Florida market in this cycle, but there is some competition emerging fast—and seemingly plenty of room in the market to run. Foundry Commercial formed a joint venture with PGIM Real Estate to develop Princeton Oaks, a 510,000-square-foot class A industrial project in Orlando.