$45.1m financing secured for industrial development in Orlando MSA
McCraney Property Co. has plans to develop Commerce 429, a two-phase, eight-building, class A industrial facility totaling 485,813 square feet in Ocoee, Fla., a municipality within the greater Orlando MSA.
JLL Capital Markets arranged $45.1 million in construction financing for the development.
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 is located on an approximately 40-acre site at 1290 Ocoee Apopka Rd. The property has direct frontage on SR-429 and strong access to the Florida Turnpike, Orlando International Airport and the International Drive Corridor. The site is within four hours of