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McCraney’s Newest Development in So. FL.

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McCraney’s Newest Development in So. FL.

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McCraney Property Company, a leading developer of modern high-finish industrial properties, has reached 100 percent occupancy at Vista Distribution Center Parcel 19, 96,077 square feet of Class A space spanning two buildings at 2211 and 2213 Vista Parkway within Vista Business Park in West Palm Beach, Fla.
In approximately six months, McCraney Property Company’s most recent spec industrial product delivered in South Florida has gone from 33 percent occupied to full occupancy. Michael Falk with Michael Falk and Company and Christopher Thomson with Cushman & Wakefield completed two leases on behalf of McCraney Property Company that account for roughly 50 percent of the buildings’ occupancy:
• Pilot Air Freight Corp., a worldwide provider of transportation and logistics services, has leased 31,760 square feet at 2211 Vista Parkway, Suite 1-5
• United Subcontractors, Inc. (USI), a provider of insulation, specialty, and shell construction services for residential and commercial projects, has leased 19,640 square feet at 2211 Vista Parkway, Suite 6-8
Despite having nearly 500,000 square feet of new construction underway in Palm Beach County’s industrial market, available space is limited according to 1Q 2016 reports. In the West Palm Beach submarket, the largest within the county at 14,566,758 square feet, the average vacancy is 3.3 percent.
“As construction on our newest project totaling just under 400,000 square feet in South Florida commences at Turnpike Business Park in West Palm Beach, it seems fitting to complete the lease-up of our recent Vista Distribution Center space delivered in the area,” said Steven McCraney, President and CEO of McCraney Property Company. “We are confident that our unique retail-inspired design approach and unwavering commitment to servicing our tenants’ needs is a point of differentiation for many seeking space from which to do business.”
About McCraney Property Company
McCraney Property Company is a leading regional real estate investment firm focused on acquisition, development and management of industrial properties in Florida’s major markets. Headquartered in West Palm Beach, Fla., McCraney Property Company has completed or is under construction on nearly 4,000,000 square feet of speculative industrial space. Its commitment to its clients and proven execution capabilities has positioned the firm to thrive in today’s recovering industrial market. For more information, please visit www.mccraneyproperty.com.

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