ORLANDO—Another industrial park has broken ground in Florida—but this time it's not in Miami. McCraney Property Company has the ball rolling on its Bent Oak Industrial Park project in South Orlando.
Bent Oak is the second-largest industrial project to break ground in Florida this year. It's rising on one of the last remaining Central Florida industrial parcels that front the Florida Turnpike.
McCraney is developing the project in its second Orlando joint venture with international real estate investment manager Clarion Partners. The 700,000-square-foot, class A warehouse-distribution project will include two industrial buildings.
“Clarion is a tremendous partner, it has been a great joint venture partnership for us,” Steven E. McCraney, president and CEO of McCraney, tells GlobeSt.com. “It made a lot of sense for us to work with them on Bent Oak.”
Building 100 will be a 480,000-square-foot, 32-foot clear, cross-dock distribution facility. Building 200 will be a 220,000-square-foot, 30-foot clear, front-load distribution facility. The fully built-out site will eventually expand the business park to over 2 million square feet of class A industrial space.
Bodek and Rhodes, a national apparel distributor, has already signed a 10-year lease to occupy approximately 200,000 square feet of Building 100. Both industrial buildings have targeted delivery dates in the first quarter of 2015.
Bent Oak offers quick access to major distribution thoroughfares in Central Florida and includes more than 1,200 feet of Florida Turnpike frontage. The fully entitled 39-acre industrial site is next to the Florida Turnpike and Taft-Vineland Road in metro Orlando.
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