McCraney Property Co. is building a $45 million industrial park in Concord. Called Concord Gateway, the 55-acre site is just off Exit 55 of Interstate 85.

The plans call for the construction of eight buildings between 10,000 and 64,000 square feet, which would accommodate users from 4,000 to 30,000 square feet.

Charlotte Business Journal reports it will be built in two phases. The project’s first phase involves four buildings and is expected to be completed in 2026. The second phase includes the remaining four buildings and is planned for completion in 2028.

Concord City Council approved a one-year, $94,500 incentives grant for the Concord Gateway project.

McCraney’s portfolio includes another large industrial park in Concord, which is being developed in partnership with Fortius Capital Partners.

McCraney Property Company has reached agreements on three leases totaling 695,560 square feet for Phase I of Logistics 16 at Ottawa Farms, a 1 million-square-foot, Class-A industrial campus in Savannah, Georgia. The industrial campus is now more than 50% leased prior to delivery. JLL’s Ryan Hoyt, Bennett Rudder, Chris Tomasulo and Lindsey Wilmot handle leasing for Logistics 16 at Ottawa Farms on behalf of McCraney.

The three new leases include Linemart Inc., an e-commerce fulfillment vendor, which will occupy all 232,000 square feet of Warehouse 200. Homylink Furniture Inc., a furniture distribution company, originally signed for 150,000 square feet, but needed to expand quickly and leased an additional 309,000 square feet at Warehouse 100. BFG Supply, a product distributor for the green industry, is taking 153,000 square feet in Warehouse 250.

McCraney Property Company secured $62.8 million in financing for Phase I of Logistics 16 at Ottawa Farms, located at 702 Bloomingdale Road.