Award-winning developer McCraney Property Company is expanding its portfolio with a new industrial park in Apopka, Florida. The project, called Logistics 429 at Apopka Ridge, will encompass 1.26 million square feet of warehouse space on a 78-acre site (located at 1403 Binion Rd.).
Logistics 429 at Apopka Ridge Features:
- Two phases of construction
- Five total warehouse buildings
- Phase 1: Two rear-loaded buildings totaling 263,227 sq ft (one at 116,323 sq ft and another at 146,904 sq ft)
- Phase 2: Three additional buildings including another rear-loaded building (146,904 sq ft) and two larger cross-dock buildings (422,365 sq ft and 428,414 sq ft)
- Leasing handled by Lee & Associates
McCraney’s Continued Growth in Orlando
This project adds to McCraney’s impressive record in the Orlando industrial market. In 2020, they were recognized as NAIOP’s Central Florida Developer of the Year after delivering 2.3 million square feet of warehouse space in 2019. They are currently developing Commerce 429, a 485,813-square-foot warehouse project in Ocoee, and their portfolio includes ten other Orlando-area industrial parks.
A Growing Industrial Hub
Logistics 429 is part of a larger trend of industrial development in Apopka. Other projects in the pipeline include:
- Apopka Business Center (planned for 700,000 sq ft on 80 acres at 444 Hermit Smith Rd.) by Standard Real Estate Investments
- An expansion of the Mid-Florida Logistics Center (adding 690,939 sq ft to the existing 2.3 million sq ft) by BlueScope Properties Group
- Crossroads 429 (280,000 sq ft) and 451 Commerce Park (260,085 sq ft) by Summit Real Estate Group
- Three warehouse buildings totaling 575,000 sq ft by Indus Realty Trust
- A mixed-use project called Kelly Crossings with an industrial component of 1.3 million sq ft spread over nine buildings by Cadence Partners
This surge in industrial development reflects the strong demand for warehouse space in the Northwest Orange County submarket, which boasts over 31 million square feet of existing industrial space and a healthy 21% share of the Greater Orlando market’s industrial inventory.