McCraney Property Company acquires 1801 Cypress Lake Drive for $23M

MIAMI, Sept. 29, 2025 –  JLL Capital Markets announced today, in partnership with McCraney Property Company, it closed the $23 million sale and arranged acquisition financing for 1801 Cypress Lake Drive, a 168,515-square-foot distribution facility in Orlando, Florida.

JLL represented the seller, Veyer Logistics, in the sale, while McCraney Property Company acquired the asset. Working on behalf of the new owner, JLL also secured a three-year, floating-rate acquisition loan through Truist Bank.

Situated on a 10.6-acre infill site at 1801 Cypress Lake Drive, the property is a purpose-built distribution facility originally constructed in 1998 and renovated in 2005. The building features 30-foot clear heights, approximately 12,500 square feet of dedicated office space, a secure truck court with side-load configuration, 1,600 amps of electrical service, HVLS fans and fully equipped dock doors and ample vehicle parking.

The property sits directly off Orlando's key transportation corridors, including Orange Blossom Trail, Florida's Turnpike, Interstate 4, Beachline Expressway, John Young Parkway and State Road 417. This strategic location in Orlando’s highly sought-after Southeast Orange industrial submarket provides access to 3.8 million people within a one-hour drive and positions the facility within 90 minutes of both Port of Tampa Bay and Port Canaveral, enabling efficient distribution capabilities throughout Central Florida.

McCraney Property Company plans to execute a comprehensive capital improvement program that includes roof replacement, parking lot and truck court repairs, interior and exterior painting, enhanced landscaping, LED warehouse lighting and office modernization.

The JLL Capital Markets Investment Sales and Advisory team was led by Senior Managing Director Luis Castillo, Managing Director Cody Brais, Associate Taylor Osborne and Analyst David Orta Jr. The JLL Capital Markets Debt Advisory team was spearheaded by Senior Managing Director Melissa Rose, Senior Director Michael DiCosimo, Associate Nicole Barba and Analyst Magnus Kron, who worked closely with McCraney Property Company throughout the financing process.

JLL’s Orlando Industrial Agency Leasing team — led by Executive Managing Directors Matt Sullivan and Bobby Isola and Vice President Cam Montgomery — has been retained to market the newly improved asset for immediate occupancy.

"The Southeast Orange County submarket continues to demonstrate exceptional resilience with vacancy rates well below the broader Orlando market," said Castillo. "The property's exceptional highway access and functional design attracted significant investor interest, ultimately delivering a successful outcome for Veyer Logistics while positioning McCraney Property Company to capitalize on one of Florida's most dynamic industrial corridors."

Rose added, "Through a competitive marketing process, JLL capitalized on heightened credit competition to secure optimal financing terms for a best-in-class sponsor with a proven track record of successfully stabilizing assets within the submarket."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom. 

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500 company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 112,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.

After nearly four decades spent perfecting a supply chain network under the Office Depot umbrella (now The ODP Corporation, NASDAQ:ODP), VEYER was formed and has become a premier provider of eCommerce fulfilment and omnichannel distribution services, renowned for its reliability, flexibility, scalability, and innovative technology. Customers rely on VEYER to boost revenue through high service levels, like >99.9% order accuracy, and enhanced customer experience, while also cultivating operational efficiencies with rapid ROI cost reductions, optimized inventory and cash-flow management.

McCraney Property Company (MPC) is a leading private real estate investment firm focused on the acquisition, development and management of industrial properties in the Southeast. MPC was recently named one of National Real Estate Investor's Top 50 National Industrial Owners and Developers. Founded in 1989, they are one of the most active developers of high-finish industrial real estate in the Southeast with over 25 million SF developed, acquired, under construction, or in the development pipeline.

Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. Headquartered in Charlotte, North Carolina, Truist has leading market share in many of the high-growth markets in the U.S. and offers a wide range of products and services through wholesale and consumer businesses, including consumer and small business banking, commercial and corporate banking, investment banking and capital markets, wealth management, payments, and specialized lending businesses. Truist is a top 10 commercial bank with total assets of $544 billion as of June 30, 2025. Truist Bank, Member FDIC. Equal Housing Lender. Learn more at Truist.com.