ORLANDO—McCraney Property Company has been betting big on industrial spec development in Orlando. It's already paying off.

McCraney secured a new lease for 99,214 square feet 60 days prior to Certificate of Occupancy (CO) at Bent Oak Industrial Park, Building 200, in Orlando. The transaction with Shepard Exposition Services, an Atlanta-headquartered national event service enterprise focusing on trade shows and experiential marketing, represents a relocation and expansion in Central Florida market.

“In the past 12 months, we've begun to realize a significant change in the overall demand and economics within Central Florida, and although highly frothy, only represents the very beginning of what lies ahead,” says Steven McCraney, president and CEO of McCraney. “Industrial demand is gearing up to outpace supply, a trend will continue throughout the year and into 2016.”