News

McDonald sells recently built spec building – Orlando

May 9th, 2019

McDonald Development sells recently built spec industrial building in Lee Vista Atlanta-based McDonald Development continues to sell off portions of its master-planned business park underway in the Southeast Orlando submarket. The latest, a 159,884-square-foot warehouse facility at 7455 Emerald Dunes Dr., just sold for $15.5 million to Los Angeles-based real estate investment trust Colony Capital - the same...

McDonald Delivers First Building in New Industrial Park

April 5th, 2019

Tampa, FL – April 5, 2019 – Construction has wrapped up on 301 Business Center’s first new building - Building 300, a 341,890 SF cross-dock.  Building 300 was pre-leased by Bunzl Distribution Southeast, LLC for 212,945 square feet for a 10 year term. Building 300 is the first building in Phase I of the park...

New $17M Spec Development – Orlando

August 6th, 2018

McDonald Development plans to build a total of 230,117 square feet of industrial space on a roughly 20-acre site near Sand Lake Road and Winegard Road. [Courtesy St. Johns Water Management District] An Atlanta-based developer is looking to build a pair of spec industrial buildings near the Florida Mall, as the industrial sector continues to...

Atlanta-Based Developer Plans 230k sf of Spec Industrial – Orlando

August 2nd, 2018

Atlanta-based McDonald Development is preparing to bring more than 230,000 square feet of spec industrial space to market near the Florida Mall, with plans for the type of urban infill site that has drawn it back to Greater Orlando numerous times over the past 20 years. Located at 7663 Winegard Road, the 20.12-acre site fronts E. Sand Lake Road and...

Spartanburg’s Spec Industrial Market is Booming

May 2nd, 2018

Spartanburg County's spec market is undergoing an unprecedented expansion. Here's a look at the projects and factors fueling the growth. Nothing screams progress like vacant buildings. Right? Well, in Spartanburg County, speculative, or spec, industrial facilities are seeding the growth of an economy that already reaped a harvest of more than $5.75 billion in capital...

Atlanta Developer, after landing big anchor tenant, to break ground on new industrial park in East Tampa

November 9th, 2017

An Atlanta developer has landed a giant anchor tenant for a new industrial park in East Tampa and plans to begin construction by the end of the year. McDonald Development, which acquired the nearly 70-acre site in 2015, has signed a deal with Bunzl, a large distributor, for 200,000 square feet in the 301 Business...

Sanford commerce center sold for $10.4M

March 24th, 2017

Cushman & Wakefeld negotiated the sale of the 117,600-square-foot North Park Commerce Center in Sanford for $10.4 million to Cabot Properties of Boston. North Park Commerce Center comprises two Class A, small bay, rear-load, dock-high distribution buildings developed in 2009. Cushman's Mike Davis, Michael Lerner and Rick Brugge represented Atlanta-based McDonald Development Co. in the...

$47.9M Warehouse/Distribution Center Sale Notches Central Florida Milestone

October 27th, 2016

A huge Class A industrial complex near Orlando International Airport sold today for top dollar. An entity related to Los Angeles-based Colony Capital LLC spent $47.9 million — or a record $100 per square foot — to buy the three-building, 479,100-square-foot LeeVista Business Center warehouse and distribution center from Atlanta based McDonald Development Co., Cushman...

Atlanta Company Buys Land for New Industrial Park

April 24th, 2015

McDonald Development Co. purchased 68.7 acres east of U.S. 301 and south of Broadway Avenue for $7 million. BUYER: McDonald Ventures XXXIV LLC, Atlanta SELLER: IDI Services Group LLC PROPERTY: 9230 E. Columbus Drive and portions of Broadway Avenue and E. Columbus Drive, Tampa PRICE: $7 million PREVIOUS PRICE: $4.5 million, October 2014 LAW FIRM...

Atlanta developer resurrects plans for massive industrial park in East Tampa

April 9th, 2015

An Atlanta developer has snapped up 70 acres in East Tampa and will resurrect the previous owner's plans for the site. McDonald Development Co. paid $7 million for the land in a deal that closed Monday, according to Hillsborough County property records. The site is east of U.S. 301, between East Columbus Drive and East...