McCraney Property Company announced it will be developing a new warehouse/distribution project on 7.2 acres in its Vista Business Park, located off Okeechobee Blvd. and Jog Road in West Palm Beach.
This is the first new construction at the park in five years.
Designed by Jose Jaramillo of JJ Architectural Group, the new project consists of two Class A dock-high warehouse/distribution buildings, totaling approximately 100,000 square feet, featuring spaces from 5,000 to 50,000 square feet. The state-of-the-art buildings will have clear heights of 24 feet and depth of up to 130 feet. The project fills the need for distribution space in the rapidly growing West Palm Turnpike corridor.
“There’s not a single square foot of Class A space left in northern Palm Beach County,” said Steven McCraney, CCIM, SIOR, president and CEO of McCraney Property Company. “Vista’s great location enables our tenants to service customers from Broward County to the Treasure Coast. The project is strategically placed with excellent ingress and egress to and from the Florida Turnpike as well as I-95.”
Site plans have been submitted to the county for approval with the groundbreaking expected in late Q1 of 2014. Financing was provided by City National Bank.
Michael Falk of Michael Falk & Co., LLC, is the exclusive leasing agent for Vista Business Park and will be handling the leasing for this project. “The time is now,” said Falk. “McCraney has always been ahead of market with his vision and strong financing partnerships.”
Vista Center is a 500-acre, Class A master-planned business park. Major tenants include The Florida Lottery, Trane Air Conditioning and ADT. Vista Center was designated as a Critical Concern by FEMA and is among the first to have power restored in the event of an emergency.
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