McCraney Breaks Ground On 1 MSF Industrial Development, Selects Marcobay Construction As GC

Feb 15, 2016 No Comments by

McCraney Property Company retained Marcobay Construction as the general contractor for Bent Oak Industrial Park Phase II and swiftly began construction.

The one-million-square-foot class A industrial spec development project is located on 66-acres at the intersection of Taft Vineland Road and the Florida Turnpike in the Southeast Orange County submarket of Orlando.

Construction on Phase II commences less than a year after 703,920 square feet was delivered at Bent Oak Industrial Park Phase I and subsequently 65 percent leased by end of 2015. On the heels of this success, McCraney Property Company and JV Partner Clarion Partners will again partner on one of the area’s largest speculative build-to-suit developments. Within months of announcing the second phase at Bent Oak, Freeman Expositions signed a lease to occupy nearly half of the project in a 451,823 square foot transaction.

 

“Marcobay’s expertise in overseeing industrial construction for e-commerce and distribution providers including Amazon and Publix will be instrumental in ensuring quality product and expeditious delivery of Bent Oak Industrial Park Phase II,” said Steven McCraney, President and CEO of McCraney Property Company. “We experienced much of the 2.5 million square feet of positive absorption in Orlando’s industrial market last year at our existing parks, and are confident that our benchmark setting product, which includes increasing the standard clear height up to 36 feet, will again resonate with end-users.”

Marcobay Construction Inc. is an employee-owned general contracting firm headquartered in Lakeland, Florida. Founded in 1974, Marcobay is a leader in the construction industry with an emphasis in retail, industrial, institutional and office construction throughout the Southeastern U.S. Marcobay Construction provides pre-construction, construction management, design/build and general contracting services to clients in every sector.

McCraney Property Company has completed or is under construction on nearly 4,000,000 square feet of speculative industrial space. In the past year alone, McCraney Property Company delivered 703,920 square feet and broke ground on 602,931 square feet in Central Florida.

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