UPS Signs Lease At 27 Logistics Park, Davenport With Landlord Northwestern Mutual | 45154 Us-27 | Monica Wonus, David Murphy | Industrial | Lease

Summary

Lease

FLORIDA

Industrial

207,276 sqft

The property involved in the transaction is a Class A industrial warehouse located at 45154 Us-27, Davenport, FL, 33897. The property, known as 27 Logistics Park, spans 207,276 square feet across 12.7 acres in the Davenport market. UPS has signed a full-building lease for this spec facility, becoming the sole tenant at the site. The warehouse is positioned adjacent to McCraney’s Park 27, another industrial development in the area. This lease agreement is part of a joint venture with Northwestern Mutual, with a total investment in the market exceeding 810,000 square feet.

Summary of transaction details:

Property Type: Industrial
Transaction Amount: Not Applicable
Landlord's Representative: Monica Wonus (CBRE), David Murphy (CBRE)
Tenant: UPS
Landlord: Northwestern Mutual

CBRE Orlando's Senior Vice President David Murphy and Vice President Monica Wonus played key roles in facilitating the leasing of the property on behalf of the owner. McCraney Property Co., the developer, expressed the critical timing of the deal, highlighting UPS' urgent need for expanding in Central Florida. Steven McCraney, the president & CEO of McCraney Property Co., emphasized the alignment of UPS' requirements with the property's vision, underlining the perfect fit.

Players

All
3

Agents
2
Agencies
1

Monica Wonus

First Vice President

$22.6M Sold

David Murphy

Executive Vice President

$22.6M Sold

CBRE

Details

Deal Summary

LEASED

IMAGE: 2018-11-12 00:00:00 -0800 ADDRESS: 45154 Us-27, Davenport, FL, 33897 MARKET: Davenport LANDLORD'S REP: Monica Wonus(CBRE), David Murphy(CBRE) TENANT: UPS LANDLORD: Northwestern Mutual RENT/SF: 0 SQUARE FEET: 207276 NOTE: McCraney Property Co. has signed UPS to a full-building lease at 27 Logistics Park, a Class A industrial warehouse in Davenport, Fla. Located at the intersection of Deen Still Road, the spec facility comprises 207,276 square feet across 12.7 acres. UPS will be the sole tenant at the property, which is adjacent to McCraney’s Park 27, a two-building industrial development. Both projects are a joint venture with Northwestern Mutual, bringing the partnership’s total investment in the market to more than 810,000 square feet. “The timing for this deal was paramount,” said Steven McCraney, president & CEO of McCraney Property Co., in a prepared statement. “Construction drew to a close at 27 Logistics Park as UPS’ need for expanding its footprint in Central Florida was immediate. This is a perfect match for what we had envisioned for the property.” CBRE Orlando’s Senior Vice President David Murphy and Vice President Monica Wonus handled leasing for the property, on behalf of the owner. In September, McCraney Property Co. partnered with Tavistock Development Co. to expand its Infinity Park project, a mixed-use business park in Orlando, Fla. The partners will work to develop distribution logistics facilities, which will join the property’s offering of retail, hospitality and office.

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Address45154 Us-27

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