McCraney Property Company & Northwestern Mutual Partner to Develop County Line Logistics Center
McCraney Property Company, a leading developer of modern high-finish industrial distribution properties, and Northwestern Mutual are partnering to develop County Line Logistics Center at Fancy Farms, 1.3 million square feet of spec class A industrial space on 70 acres at the intersection of County Line Road and Rice Road in Plant City, Fla.
In the immediate vicinity of Amazon, Publix Super Markets, O’Reilly Auto Parts, and Southern Wine & Spirits’ distribution facilities, County Line Logistics Center will be one of the few sites that can support a single million square foot user. The Park’s design will target high-quality end-users requiring freight forwam ing and fulfillment needs while also seeking a business location that evokes a sense of place.
The Tampa industrial market has experienced 13th consecutive quarters of positive absorption, and Plant City’s roughly 10 million square feet of existing product is at 4.6 percent vacancy with no new construction activity as of third quarter 2016 market reports. “Our interest is to always to deliver to he market a product that meets market demand, and in the majority of cases, we have done that through speculative development,” said Steven Mccraney, President and CEO of Mccraney Property Company. “Plant City is a relatively untapped market along the I-4 corridor in which national credit tenants are actively seeking out space to enter or expand to secure distribution space to increase speed of the ‘last mile’ delivery to an ever growing e-commerce driven consumer.”
The Park will incorporate Mccraney Property Company’s signature clean facades and high-finish benchmark setting product, which includes clear heights up to 36 feet, throughout the following buildings:
- Building 100 – 124,800 square feet
- Building 200 – 168,480 square feet
- Building 300 – 1,048,000 square feet
Northwestern Mutual Real Estate is one of the nation’s largest real estate investors, with commercial mortgages and equity investments across all major property types, including apartments, office, retail and industrial.
The $41+ billion real estate investment portfolio is composed of approximately 80 percent fixed income and 20 percent equity investments. Northwestern Mutual Real Estate is a financing source that provides experienced and knowledgeable people, quick and decisive action and flexible, crealtive solutions.