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McCraney Wins $65M Industrial Refi

ORLANDO—In the past year, McCraney delivered over 1.3 million square feet and broke ground on over 1.2 million square feet in South and Central Florida.

The acquisition sets the stage for McCraney to develop a class A industrial spec property totaling 1.325 million square feet. The acquisition sets the stage for McCraney to develop a class A industrial spec property totaling 1.325 million square feet.

ORLANDO—McCraney Property Company just secured a loan of $65 million from BankUnited. The industrial developer will use the funds to refinance its legacy portfolio assets, which span over 1 million rentable square feet of shallow bay industrial.

The portfolio includes: Vista Business Center and Belvedere Business Park in West Palm Beach, FL; Orlando Central Park and Discovery Lakes in Orlando; and Treasure Coast Commerce Center in Stuart. BankUnited also recently providing partial financing for the company’s acquisition of 78 acres of land at the intersection of County Line Road and Rice Road in Plant City, FL, which will be known as County Line Logistic Park.

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Jennifer LeClaire

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