McCraney Property Group

What McCraney Property Group does

McCraney Property Company (also operating as McCraney Property Group) is a privately held, founder-controlled industrial real estate developer founded in 1989 and headquartered in Orlando, Florida, with additional offices in West Palm Beach, FL and Charlotte, NC. The firm develops, leases, and manages high-finish warehouse, e-commerce fulfillment, and distribution facilities across the Southeast United States — specifically Florida, Georgia, North Carolina, and South Carolina — and reports more than 18 million square feet of total historical industrial and office-flex development, 17 million+ square feet of active speculative projects in the pipeline, and over 3 million square feet under management through its McCraney Management Company subsidiary.

The company operates an integrated four-service platform: Build-to-Suit (custom development for small businesses and national corporations), Construction & Development (tilt-wall and pre-engineered-roof industrial construction with cold-storage and food-service capability), Leasing (direct internal team augmented by partnerships with CBRE, Colliers, JLL, Lee & Associates, and Avison Young), and Property Management. Its product emphasizes retail-grade exterior design on industrial assets, differentiating it from typical industrial parks. Revenue mechanics combine recurring rental and management income, build-to-suit and development fees, and periodic portfolio dispositions to institutional buyers (e.g., the $272 million sale to Nuveen in 2020 and the Boca Logistics Center sale to Ares in 2023).

McCraney serves enterprise tenants across logistics (FedEx, UPS, Amazon), retail/e-commerce (Home Depot, Peloton), automotive (LKQ, Lexus, Pep Boys), and food & beverage (Pepsi, Frito-Lay, Nestle Waters). The firm has ranked among the National Real Estate Investor Top 50 industrial owners and developers (2017, 2021), Commercial Property Executive Top 10 (2020) and Top 15 (2022), and operates with a lean ~50-employee organization supported by programmatic institutional capital relationships — most notably with Northwestern Mutual — that underwrite its speculative build-to-suit platform.

Name

McCraney Property Group

Legal name

McCraney Property Company

Website

https://mccraneyproperty.com

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

11–50 employees

Short description

McCraney Property Company is a privately held, founder-controlled Southeast US industrial real estate developer that builds, leases, and manages high-finish warehouse, e-commerce fulfillment, and distribution facilities for enterprise tenants across Florida, Georgia, and the Carolinas.

Ownership category

akta.pro rank

Product category

Industrial Real Estate Development

NAICS

Lessors of Real Estate (5311), Real Estate Property Managers (53131)

SIC

Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Commercial Real Estate Asset Management (BPAJAMAB)

akta.pro secondary industries

Commercial Real Estate Brokerage (Leasing & Sales) (FSAEAJAB), Property Management Advisory & Leasing Administration (FSAEAJAN)

Keywords

• Industrial real estate development
• Build-to-suit warehouses
• Distribution facility leasing
• Commercial property management
• E-commerce fulfillment centers

Headquarters

HQ city

West Palm Beach

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Industrial Leasing: Revenue generated from leasing industrial/distribution warehouse space to tenants. Partners with experienced agents to market and lease space in South Florida, Central Florida, Charlotte NC, Atlanta GA, and Savannah GA.
2. Property Management: McCraney Management Company manages industrial space in South Florida, Central Florida, Charlotte NC, Atlanta and Savannah GA. More than three million square feet of industrial space under management.
3. Build-to-Suit Development: Turnkey development and construction services for customized industrial space. Services include site selection, acquisition, preparation, design, approvals, permitting, financing, construction management, completion and occupancy.
4. Property Sales: Sale of developed industrial properties. Recent sales include Boca Logistics Center sold to Ares Management Corporation for undisclosed amount, and portfolio sales totaling $272 million to Nuveen Global Investments.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

McCraney Property Company is a Southeast US-focused commercial real estate firm that develops, leases, and manages high-finish industrial properties such as warehouses, e-commerce fulfillment centers, and distribution facilities. Its four primary offerings are Build-to-Suit custom development, Construction & Development, Leasing (via direct team and broker partnerships), and Property Management under its McCraney Management Company subsidiary. The company has developed more than 18 million square feet across Florida, Georgia, North Carolina, and South Carolina.

Product overview

McCraney Property Company is a commercial real estate firm offering an integrated suite of industrial real estate services centered around four core offerings: Build-to-Suit (custom development), Construction & Development, Leasing, and Property Management. The company specializes in developing high-finish industrial properties—specifically e-commerce fulfillment and distribution facilities—throughout the Southeast US. Their portfolio spans multiple markets including Florida (South Florida, Central Florida), Georgia, North Carolina, and South Carolina. They operate both speculative development projects and build-to-suit solutions, with their property management division handling over three million square feet of industrial space.

Differentiator

Problem solved

Functional benefit

Products and services

• Build-to-Suit
• Construction & Development
• Leasing
• Property Management
• Industrial/Logistics Properties

Quantifiable outcome

• Completed 5.43 million SF from 2019-2021 with 6.75 million SF under construction as of June 2022 (per Commercial Property Executive ranking)
• +4 more outcomes

Named customers15 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Ten partnerships are on record, tiered core, major and community.

• CBREcoreChannel Partner/ Reseller/ Distributor · 23 February 2023CBRE National Partners assisted McCraney in the sale of Boca Logistics Center to Ares Management Corporation, led by President Chris Riley and Vice Chairman Frank Fallon. CBRE also represented McCraney in other transactions including Beltway Logistics sale.
• CollierscoreChannel Partner/ Reseller/ Distributor · 23 February 2023Colliers South Florida, led by Michael Falk SIOR CCIM, represented the property in leasing and provided market commentary on Boca Logistics Center transaction.
• Lee & AssociatesmajorChannel Partner/ Reseller/ DistributorLee & Associates' Bo Bradford represented McCraney in leasing transactions including Distribution 429 park which was fully leased to FedEx and LKQ.
• Butters Construction & DevelopmentcoreImplementation/ SI/ Consulting PartnerButters Construction & Development serves as the general contractor on multiple McCraney projects including Royal Palm Logistics and Boca Logistics Center.
• Tavistock Development Co. LLCmajorStrategic or Co-development PartnerMcCraney partnered with Tavistock Development Co. LLC on Infinity Park office and industrial complex in southwest Orlando.
• CBREcoreChannel Partner/ Reseller/ DistributorCBRE represented McCraney in the $272 million portfolio sale to Nuveen. CBRE's Trey Pennington and Jeff Benedict represented McCraney in sale of 85 Logistics Park.
• Avison YoungmajorChannel Partner/ Reseller/ DistributorAvison Young's Chris Skibinski and Chris Loyd represented the seller of a 60-acre parcel included in the 150-acre Charlotte acquisition deal.
• Place of HopecommunityOthersMcCraney supports Place of Hope, with Steven McCraney serving on the Leadership Advisory Council. McCraney also sponsors alpine climbing expeditions for the charity.
• Second Harvest Food BankcommunityOthersPartnership with Second Harvest Food Bank of Coastal Georgia for food distribution events. McCraney's Give-Care-Share project provided 120,520 meals to families in 2021.
• Orlando Dream CentercommunityOthersPartnered with Orlando Dream Center and Second Harvest Food Bank for food distribution events serving families in need.

Scale indicators11 records

Recent moves7 records

Expansion highlights6 records

Emerging players

• Bridge Industrial: Bridge Industrial is a private industrial developer (backed by South Carolina-based capital and expanding across US Sunbelt) focused on speculative and BTS warehouses. Comparable scale, Sunbelt geography, and private structure to McCraney's operating model.

Broad incumbents

• EastGroup Properties: EastGroup is a publicly traded REIT focused on industrial park / distribution warehouses concentrated in Sunbelt states including Florida, Georgia, Texas, and the Carolinas. Direct geographic overlap and product type comparator to McCraney's portfolio, though larger and public.
• Prologis: Prologis is the world's largest industrial REIT (~1B+ SF portfolio) formed through the Duke Realty merger. Both McCraney and Prologis develop speculative and build-to-suit warehouse/distribution product; Prologis is far larger and publicly traded, making it the most direct large-cap comparable to McCraney's industrial platform.
• Terreno Realty Corporation: Terreno Realty is a publicly traded industrial REIT that owns, operates, and develops industrial real estate in major US coastal markets, including South Florida. Comparable in product type (high-finish distribution/warehouse) and Southeast submarket exposure, though smaller in scale than McCraney and operated as a perpetual REIT rather than developer.

Direct peers

• Becknell Industrial: Becknell Industrial is a privately held speculative and BTS industrial developer (acquired by EQT in 2023 for ~$1B) operating across the Sunbelt and Midwest. Mirrors McCraney's founder-led, integrated development + property management model in comparable product and geography.
• IDI Logistics: IDI Logistics is a private industrial developer (acquired by KKR in 2023 for ~$3.4B) focused on speculative and BTS warehouses across the US including the Southeast. Direct competitor in Florida, Georgia, Carolinas submarkets and similar size/strategy profile to McCraney.
• Crow Holdings Industrial: Crow Holdings Industrial is the industrial development arm of Crow Holdings Capital, operating a private Sunbelt industrial strategy with scale comparable to McCraney. Both firms compete for similar logistics tenants and institutional recapitalization partners.
• Dermody Properties: Dermody Properties is a private industrial real estate investment, development, and management firm with nationwide operations. Both firms operate integrated development + leasing + property management platforms serving logistics and distribution tenants in similar Sunbelt geographies.
• Panattoni Development Company: Panattoni is one of the largest privately held industrial real estate developers in the US, with operations across the Southeast, Sun Belt, and Europe. Both firms operate as private, founder-led industrial developers focused on speculative and BTS distribution product — making Panattoni the closest direct peer to McCraney's model.
• Hillwood: Hillwood, led by Ross Perot Jr., is a private industrial developer primarily in Texas, but expanding into Southeast/Sunbelt markets. Comparable to McCraney as a private, scale industrial developer leveraging a speculative and BTS platform with institutional capital partners.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/StevenMcCraney1
• Facebookfacebook.com/profile.php?id=100057302722863
• LinkedInlinkedin.com/company/mccraney-property-company
• Instagraminstagram.com/mccraneypropertycompany

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about McCraney Property Group