McCraney Property Company secures $55M in financing for Southeast industrial portfolio

MIAMI, Apr. 16, 2025 –  JLL Capital Markets announced today, in partnership with McCraney Property Company, the successful arrangement of $55 million in financing for a Class A industrial portfolio totaling 665,810 square feet across Georgia, Florida and North Carolina.

The financing, structured by JLL on behalf of McCraney Property Company, includes three non-recourse loans tailored to support the continued growth of McCraney’s institutional-grade Southeast portfolio. The financing package includes a $25.8 million loan for 41 Logistics in Adairsville, Georgia; a $16.0 million loan for Royal Palm Logistics in Royal Palm Beach, Florida; and a $13.2 million loan for Davidson 85 in Concord, North Carolina.

Developed and delivered by McCraney between 2023 and 2024, the three state-of-the-art facilities feature 32- to 36-foot clear heights, ample parking, ESFR sprinklers and modern specifications tailored to today’s most active industrial users. The portfolio is currently 94.7% leased to a diverse tenant roster, reflecting McCraney’s strong market positioning and tenant-focused design approach, with representation across manufacturing, logistics/distribution, food and beverage, agriculture, aerospace and technology sectors.

The 390,498-square-foot 41 Logistics property is strategically located along I-75, about 60 miles northwest of Atlanta, providing same-day access to nearly eight million consumers. Royal Palm Logistics, totaling 128,684 square feet, is situated in densely populated Palm Beach County, with proximity to South Florida's major ports and airports. The 146,628-square-foot Davidson 85 facility benefits from its location in the thriving Charlotte industrial market.

JLL Capital Markets’ Debt Advisory team was led by Senior Managing Director Melissa Rose, Senior Director Michael DiCosimo and Associate Nicole Barba, who collaborated closely with McCraney Property Company throughout the financing process.

"The properties' exceptional locations near major population centers and transportation networks, coupled with McCraney's strong sponsorship, attracted competitive financing terms," said Rose. "The Southeast continues to see strong population and economic growth, fueling the demand from tenants for state-of-the-art logistics facilities."

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 a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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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.