2021 YE Team Flyer
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OURTEAM... Capital Markets Florida - 2021 Recap WHY
WELCOME TO THE CENTER OF WHAT’S NEXT
The Cushman & Wakefield Capital Markets Team for Florida Office and Industrial Properties is unique in that it is the only real estate investment services team in the State to combine over 65 years of institutional and private capital expertise experience. 2021 was our team's best year yet with nearly $4B in closed transactions.
• Our combined experience creates the largest buyer pool possible. We take advantage of this by maximizing outreach in our marketing efforts through effectively targeting large institutional players, mid-market groups, and private capital. • Incorporating an in-house debt and equity financing team along
with local leasing expertise on each assignment allows our team to maximize pricing with the most credible underwriting in the market place. • Best in class underwriting by the largest and most experienced support team in the state. Our support team allows our brokerage professionals to focus on maximizing investor outreach to achieve the highest pricing possible. • Exceptional marketing packages and videography from our innovative design team created to attract and retain interest.
UNRIVALED RESUME RAPIDLY GROWING TEAM $ 600M+ Under Contact $ 750M+ ON THE MARKET OR COMING SOON IN THE PAST YEAR WE CLOSED APPROXIMATELY $ 3.8B In Sales and Financings
2 | FLORIDA OFFICE & INDUSTRIAL
CURRENTLY UNDER CONTRACT/AWARDED SNAPSHOT
OF ACTIVE DEALS
632,147 SF
535,326 SF
Tampa Bay/Lakeland Value-Add Portfolio Tampa, FL
Miami Tower Miami, FL
371,957 SF
350,342 SF
Cold Storage Portfolio UT & FL
Refresco Beverages Tampa, FL
306,545 SF
161,455 SF
6550 Hillsborough Tampa, FL
Metro Miami Portfolio Miami, FL
112,000 SF
142,082 SF
1601 Hills Ave West PalmBeach, FL
TRIPP - Amazon Tampa, FL
CURRENTLY ON THE MARKET SNAPSHOT
OF ACTIVE DEALS
8.5 YEARS OF WALT 27% BELOW MARKET RENTS 100% OCCUPIED 1,013,650 SF
1,090,000 SF
Amazon Orlando Orlando, FL
UNDER CONSTRUCTION 2Q22 DELIVERY 40' CLEAR HEIGHT CROSS-DOCK DESIGN
Interstate Crossroads Business Center St. Lucie, FL
99% LEASED
819,824 SF
SMALL-BAY INDUSTRIAL 25 BUILDINGS 445,265 SF
American Industrial Center Orlando, FL
87.6% OCCUPIED 10.3% BELOW MARKET RENTS CORE-PLUS VALUE-ADD
Presidential Circle & Peninsula Plaza Boca Raton & Hollywood, FL
OTHER DEALS ON THE MARKET: CIRCOR INTERNATIONAL (TAMPA). . . . . .166,800 SF
4 | FLORIDA OFFICE & INDUSTRIAL
COMING SOON SNAPSHOT
OF DEALS IN PACKAGING
NEW CONSTRUCTION INDUSTRIAL 502,000 SF Jacksonville, FL
SINGLE- TENANT
INDUSTRIAL PORTFOLIO 500,000 SF Tampa, FL
CLASS A INDUSTRIAL PORTFOLIO 940,000 SF Jacksonville, FL
CLASS A TOWER TROPHY ASSET 400,000 SF Ft. Lauderdale, FL
SUBURBAN OFFICE PORTFOLIO 450,000SF Miami, FL
OFFICE PORTFOLIO 230,000 SF Orlando, FL
NEW CONSTRUCTION INDUSTRIAL 710,000 SF Lakeland, FL
GARDEN OFFICE 70,000 SF SUBURBAN MULTI-STORY OFFICE 75,000 SF
TEAM OVERVIEW MEET OUR DYNAMIC STATEWIDE TEAM WITH A DOMINANT PRESENCE
FLORIDA INSTITUTIONAL CAPITAL MARKETS TEAM
MIKE DAVIS Vice Chairman
RICK BRUGGE Executive Managing Director
DOMINIC MONTAZEMI Executive Managing Director
RICK COLON Director
LOCAL MARKET EXPERTISE $ 13.3B +
INCLOSINGS SINCE 2015*
SCOTT O'DONNELL Executive Managing Director
MIGUEL ALCIVAR Managing Director
KARL JOHNSTON Senior Director
GREG MILLER Director
MIKE CIADELLA Senior Associate
*Excludes large, multi-market portfolio sales
6 | FLORIDA OFFICE & INDUSTRIAL
EQUITY, DEBT & STRUCTURED FINANCE TEAM
JASON HOCHMAN Senior Director
BRIAN LINNIHAN Executive Director
MIKE RYAN Executive Director
RON GRANITE Director
UNDERWRITING & PRODUCTION TEAM
C&W FLORIDA MARKET DOMINANCE
ZACH EICHOLTZ Associate Support Team Lead
RYAN JENKINS Senior Analyst
CBRE 28%
BROOKE TULLEY Analyst
CHLOE STRADA Analyst
BRONCO VUSKOVICH Analyst
JLL 15%
TOTAL $ VOLUME MARKET SHARE
OTHER 11%
MARCUS & MILLICHAP 7%
JORDAN SPITZBERG Analyst
ALEX SULTE Analyst
MARKETING TEAM
ADMINISTRATIVE TEAM
DAVID FRENCH
NETALIA SHAPSE Graphic Designer
KAYLA HANKINS Senior Brokerage Specialist
SHELBY AVIS Brokerage Coordinator
JANINA TRANSLEAU Brokerage Coordinator
Creative Director
ACOMPETITIVEMARKET REQUIRESANAGGRESSIVETEAM LATEST SUCCESS IN CLOSING THE BEST OFFICE MARKET ROARING BACK WITH THE RECORD SALE SIZE IN CENTRAL FLORIDA SOUTHPARK CENTER DECEMBER 2021 CLOSING $ 315M
Orlando, FL
$252 PSF
6.9% Cap Rate
TWO RECORD SETTING INDUSTRIAL SALES
JACKSONVILLE CORE INDUSTRIAL PORTFOLIO $ 148.0M
DRAGSTRIP AMAZON $ 108.7M
3.80 % Cap Rate
4.17
% Cap Rate
Jacksonville, FL 1,371,618 SF 3rd Quarter Closing
Lakeland, FL 710,962 SF 2nd Quarter Closing
8 | FLORIDA OFFICE & INDUSTRIAL
TEAMSALESHIGHLIGHTS OFFICE (2021)
$292.4M
$168.0M
Citigroup Center Miami, FL
Heathrow Portfolio Orlando, FL
$110.1M
$62.8M
20 N Orange Orlando, FL
Waterford Atrium Ft. Lauderdale, FL
$56.3M
$52.9M
Venture Corporate Center Hollywood, FL
Two Harbour Tampa, FL
OVER $10M 21 OTHER DEALS CLOSED OVER $10M: Bank of America Tower . . . . . . . . . . . . . $44.6M McKesson . . . . . . . . . . . . . . . . . . . $43.8M Highwoods Preserve VII . . . . . . . . . . . . $43.0M Meridian 589 . . . . . . . . . . . . . . . . . $35.8M Highwoods Preserve V . . . . . . . . . . . . . $30.4M Sunrise Corporate Plaza I. . . . . . . . . . . . $24.7M
TBC Corporate Office. . . . . . . . . . . . . . $23.3M 9000 Town Center . . . . . . . . . . . . . . . $20.0M Del Mar Office Park. . . . . . . . . . . . . . . $18.0M 222 Clematis. . . . . . . . . . . . . . . . . . $17.9M Gardens Pointe. . . . . . . . . . . . . . . . . $16.8M 5040 on 7th. . . . . . . . . . . . . . . . . . $14.5M
CLOSED DEALS
TEAMSALESHIGHLIGHTS INDUSTRIAL (2021)
$126.5M
FL Keystone Distribution Center Ocala, FL
$105.7M
301 Business Center Tampa, FL
$147M+
$75.1M
Confidential Tampa, FL
Miami Freezer Miami, FL
$71.5M
$63.3M
Bridgepoint Miramar Miramar, FL
IAA Palm Beach Jupiter, FL
10 | FLORIDA OFFICE & INDUSTRIAL
TEAMSALESHIGHLIGHTS INDUSTRIAL (2021)
$51.6M
$49.0M
Confidential Orlando, FL
South Florida Small-Bay Portfolio West PalmBeach & Coral Springs, FL
$45.1M
$43.8M
Jetport Commerce Center Tampa, FL
Lakeside Logistics Plant City, FL
$39.1M
$40.6M
Orlando Small-Bay Portfolio Orlando, FL
Northeast FL Industrial Center Jacksonville, FL
OTHER DEALS CLOSED OVER $10M: Crown Linen. . . . . . . . . . . . . . . . . . $39.7M Tampa Fulfillment Center. . . . . . . . . . . . $32.7M Reich Portfolio. . . . . . . . . . . . . . . . . .$28.8M McClane Distribution. . . . . . . . . . . . . . . . . . . . . . . . . . ...$27.3M Tampa Bay Times. . . . . . . . . . . . . . . . .$21.0M OVER $10M 22
2850 Interstate Drive. . . . . . . . . . . . . . $17.8M Clermont Business Center. . . . . . . . . . . . .$16.0M Ferguson Warehouse. . . . . . . . . . . . . . $14.8M Swiss Chalet. . . . . . . . . . . . . . . . . . .$13.2M Scholastic. . . . . . . . . . . . . . . . . . . .$11.0M CLOSED DEALS
#1 FASTEST GROWING STATE WORLD'S FOCUS IS ON FLORIDA'S SUCCESS STORY HEADING INTO 2022
FLORIDA HAS 4 OUT TOP CITIES PEOPLE ARE MOVING WITH MIAMI AT #1 OF 5
New York
Illinois
California
Arizona
Texas
Florida
530 BASIS POINTS HIGHER FOR JOB GROWTH 2021 5.8 % FLORIDA 0.5 % NATIONAL AVERAGE
STATE 1 10.3MWORKFORCE I S A B S O L U T E LY D OM I N AT I N G WH E N C OMPA R E D W I T H T H E N AT I ON A L AV E R A G E I N A L L ME T R I C S
28 FLORIDA COLLEGES 1.1 M STUDENTS
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12 | FLORIDA OFFICE & INDUSTRIAL
(reported in net figures)
16TH LARGEST ECONOMY IN THE WORLD FLORIDA RECENTLY OVERTOOK THE ENTIRE COUNTRY OF INDONESIA IN TOTAL SIZE
ONE OF THE TOP
NO STATE INCOME TAX
STATE'S FOR CORPORATE RELOCATIONS IN 2021
$ 1.2T ECONOMY
# 5 BEST STATE FOR BUSINESS
# 4 BEST STATE TAX CLIMATE BEHIND ONLY WYOMING, SOUTH DAKOTA AND ALASKA
TOTAL 2021 GDP - FL CONTINUES ITS RAPID GROWTH
2030 GDP PROJECTION
AT THE CENTER OF What’s Next
70 COUNTRIES
400 OFFICES
± 53,000 PEOPLE
$8.6B + ESTIMATED 2021 REVENUE
WEARE AFORCE FOR ACTION
4.0 + BILLION SFMANAGED
CUSHMAN &WAKEFIELDOF FLORIDA, LLC.
MIKE DAVIS Vice Chairman +1 813 340 9898 mike.davis@cushwake.com
RICK BRUGGE Executive Managing Director +1 813 204 5365 rick.brugge@cushwake.com RICK COLON Director +1 407 541 4422 rick.colon@cushwake.com
DOMINICMONTAZEMI Executive Managing Director +1 305 533 2850 dominic.montazemi@cushwake.com
©2022 Cushman & Wakefield. All rights reserved. The information contained in this communication is strictly confidential. This information has been obtained from sources believed to be reliable but has not been verified. NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE CONDITION OF THE PROPERTY (OR PROPERTIES) REFERENCED HEREIN OR AS TO THE ACCURACY OR COMPLETENESS OF THE INFORMATION CONTAINED HEREIN, AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, WITHDRAWAL WITHOUT NOTICE, AND TO ANY SPECIAL LISTING CONDITIONS IMPOSED BY THE PROPERTY OWNER(S). ANY PROJECTIONS, OPINIONS OR ESTIMATES ARE SUBJECT TO UNCERTAINTY AND DO NOT SIGNIFY CURRENT OR FUTURE PROPERTY PERFORMANCE.
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