ORLANDO—Steven McCraney just keeps betting on speculative industrial development in Florida. After seeing strong success with his 703,920-square-foot Bent Oak Phase I, McCraney Property Company is setting out to build an even bigger industrial project.

Bent Oak Phase II will span over 1.125 million square feet. Indeed, the success of phase one, which includes two class A industrial buildings on 39 acres, motivated McCraney to acquire the neighboring 66 acres of land for phase two. This plot is the largest remaining parcel of land at the intersection of Taft Vineland Road and the Florida Turnpike in Orange County.

“There is tremendous momentum in the market due to companies, especially e-commerce, wanting to expand into newer buildings,” says McCraney. “The new 66-acre parcel, west of the Orlando International Airport, has nearly one-fourth of its property line fronting the turnpike, appealing to companies seeking maximum exposure in a market that been difficult to penetrate with little new industrial space developed since the recession.”