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McCraney doubles down in Ocoee, begins planning second industrial park in the area

McCraney Property Co. is seeking to build up to 480,560 square feet of industrial space across six warehouse buildings.
McCraney Property Co. is seeking to build up to 480,560 square feet of industrial space across six warehouse buildings. (Orange County Property Appraiser/SJRWMD)

One industrial park in Ocoee wasn’t enough for McCraney Property Company.

The firm is seeking to build a second warehouse development in the city called Progress Commerce Park at 429, according to a recently filed St. Johns River Water Management District permit application.

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Documents show McCraney Property Co. is seeking to build up to 480,560 square feet of industrial space across six warehouse buildings on about 40 acres of agricultural land west of Ocoee Apopka Road and south of N. Fullers Cross Road.

Plans follow the company’s recent completion of its roughly 650,000-square-foot speculative industrial park in Ocoee called Distribution 429. The industrial park sits at the crossroads of S.R. 429 and Florida’s Turnpike, just about a mile north of the proposed Progress Commerce Park development.

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Learn more about this West Palm Beach-based developer's next step into west Orange County, which will be its third new warehouse project locally this year.

Ocoee’s economic development consultant Angel de la Portilla, president and founder of Orlando-based Central Florida Strategies Inc. told GrowthSpotter McCraney Property Co. is seeking to annex four parcels around a main address of 1290 Ocoee Apopka Rd. into the city and rezone the properties for industrial use.

The developer will also need a large-scale comp plan amendment from low density residential to light industrial in order to move forward with the proposed commerce park.

Records show affiliated company Progress Commerce Park LLC bought the property in December for $5.45 million. The site consists of a blueberry farm, upland hardwood forests, a single-family residence and forested wetlands. It is surrounded by a mixture of residential and commercial development and is bordered by S.R. 429 to the west.

Smiley & Associates is the civil engineer and Clermont-based Modica & Associates is the environmental engineer.

The environmental resource permit application said impacts to wetlands will be prevented by maintaining a 25-foot upland buffer along the southwestern border and installing a hedge along the southern border.

Conceptual plans show the two smallest warehouses are facing Ocoee Apopka Road. Directly behind them will be the two largest warehouses, each spanning more than 100,000 square feet. There’s another warehouse along Pine Street, and finally there’s a roughly 90,000-square-foot warehouse next to S.R. 429.

Building sizes range from about 41,000 square feet to 140,000 square feet.

Last year, McCraney Property Co. was named Developer of Year by NAIOP’s Central Florida chapter, and won Industrial Development of the Year for its Infinity Park project with partner Tavistock Development Company.

When complete, the 206-acre business park on John Young Parkway will feature 1.26 million square feet of distribution warehouse space.

In 2019, McCraney Property Co. completed construction on 2.3 million square feet of logistical warehouse space at its three Orlando-area industrial parks, representing two-thirds of all new industrial construction in the market for the year. Those included Phase One of Infinity Park, Phase 2 of County Line Logistics Center and the first phase of Ocoee’s Distribution 429 project.

The developer joins a growing list of industrial builders seeking to assemble large swathes of land near S.R. 429 in west Orange County for expansive warehouse construction.

Lakeland-based Blue Steel Development and JV partner Bob Zlatkiss assembled nearly 250 acres on U.S. 441/Orange Blossom Trail, near the S.R. 429 interchange and next to the private Orlando Apopka Airport, with plans to develop up to 2.5 million square feet of distribution warehouse space.

Even closer to the S.R. 429, Blue Steel in the midst of developing a 290,000-square-foot spec warehouse on 19.6 acres, next to the Mid Florida Logistics Park, a 180-acre industrial park where Amazon is building a distribution facility.

And Cadence Partners teamed up New York-based real estate investment group Clarion Partners on a speculative 189,000-square-foot industrial park that will consist of two buildings on land directly off the Daniel Webster Western Beltway (S.R. 429) in Apopka.

State Road 429 passes through an enormous amount of new development, either recently completed or being planned, between Orange County’s Horizon West master-planned community and Mount Dora’s Wolf Branch Innovation District, which was activated, in part, to the construction of S.R. 453 (Wekiva Parkway) and expansion of S.R. 46.

Have a tip about Central Florida development? Contact me at arabines@GrowthSpotter.com or (407) 420-5427, or tweet me at @amanda_rabines. Follow GrowthSpotter on Facebook, Twitter and LinkedIn.

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