Capital Markets Florida Team

WELCOME TO THE CENTER OF WHAT’S NEXT OURTEAM... Capital Markets Florida - 2H 2021 - 1H 2022 Recap WHY 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 experience. • 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, private capital, and overseas. • 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 marketplace. • 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 $ 464M+ Under Contact $ 1.1B+ ON THE MARKET IN THE PAST YEAR WE CLOSED APPROXIMATELY $ 3.3B In Sales and Financings

2 | FLORIDA OFFICE & INDUSTRIAL

CURRENTLY UNDER CONTRACT/AWARDED SNAPSHOT

OF ACTIVE DEALS

1,013,650 SF

705,420 SF

Lakeland Central Park Lakeland, FL

Interstate Crossroads Business Center St. Lucie, FL

502,250 SF

496,472 SF

Commonwealth Logistics Center Jacksonville, FL

Greater Tampa Single-Tenant Industrial Portfolio Tampa Bay, FL

337,137 SF

135,221 SF

Bay Vista Gardens I & II Tampa Bay, FL

Le Tourneau & Metro Spur Small-Bay Industrial Complex Tampa, FL

129,087 SF

133,694 SF

University Corporate Center I Orlando, FL

Park West at Gateway Tampa, FL

OTHER DEALS UNDER CONTRACT/AWARDED: Global Widget M&D Portfolio (Tampa, FL) . . . 89,886 SF Bayview Office Building (St. Petersburg, FL) . . 72,751 SF

CURRENTLY ON THE MARKET SNAPSHOT

OF ACTIVE DEALS

5 BUILDINGS 97% OCCUPIED

549,521 SF

CORE-PLUS SUBURBAN OFFICE

J. Turner Butler Portfolio Jacksonville, FL

411,613 SF

VALUE-ADD CBD OFFICE 85% OCCUPIED 7 YEAR WALT

801 Brickell Miami, FL

344,000 SF

96% OCCUPIED 8 BUILDINGS CORE-PLUS SUBURBAN OFFICE

Cypress Point Business Park Jacksonville, FL

84% OCCUPIED 7 YEAR WALT VALUE-ADD SUBURBAN OFFICE

297,373 SF

VALUE-ADD SUBURBAN OFFICE

Quatro Miami Miami, FL

4 | FLORIDA OFFICE & INDUSTRIAL

CURRENTLY ON THE MARKET SNAPSHOT

OF ACTIVE DEALS

297,254 SF

JULY 2022 DELIVERY 85% PRE-LEASED CORE INDUSTRIAL WITH LEASE UP 180,257 SF

Tampa Airport Logistics Tampa, FL 9 STORIES CORE-PLUS SUBURBAN OFFICE 96% OCCUPIED

Bridgeport Center Tampa, FL

297,254 SF

VALUE-ADD SUBURBAN OFFICE PARTIAL SALE-LEASEBACK 2000 YEAR BUILT, RENOVATED IN 2013-2015, 2021 136,834 SF

200 Carillon St. Petersburg, FL

88% OCCUPIED

CORE-PLUS CBD OFFICE 5 STORIES

245 Riverside Jacksonville, FL

OTHER DEALS ON THE MARKET: University Place at CC (Coral Springs, FL) . . 206,989 SF University Corporate Center III (Orlando, FL) . 104,319 SF

Bank of America Plaza (Plantation, FL) . . . . . 80,414 SF

TEAM OVERVIEW MEET OUR DYNAMIC STATEWIDE TEAM WITH A DOMINANT PRESENCE

FLORIDA INSTITUTIONAL CAPITAL MARKETS TEAM

MIKE DAVIS Executive Vice Chairman

RICK BRUGGE Vice Chairman

DOMINIC MONTAZEMI Executive Managing Director

RICK COLON Director

LOCAL MARKET EXPERTISE $ 14.6B +

INCLOSINGS SINCE 2015*

SCOTT O'DONNELL Executive Managing Director

MIGUEL ALCIVAR Managing Director

KARL JOHNSTON Senior Director

GREG MILLER Director

MIKE CIADELLA Director

*Excludes large, multi-market portfolio sales

6 | FLORIDA OFFICE & INDUSTRIAL

EQUITY, DEBT & STRUCTURED FINANCE TEAM

C&W FLORIDA MARKET DOMINANCE

JASON HOCHMAN Executive Director

RONGRANITE Director

UNDERWRITING, PRODUCTION, ANDMARKETING TEAM

CBRE 37%

EASTDIL SECURED 12%

TOTAL $ VOLUME MARKET SHARE 1H22

OTHER 8%

ZACH EICHOLTZ Senior Associate Support Team Lead

RYAN JENKINS Associate

CHLOE STRADA Senior Analyst

JLL 6%

ALEX SULTE Analyst

JORDAN SPITZBERG Analyst

BRONCO VUSKOVICH Analyst

KAYLA HANKINS Senior Brokerage Specialist

CASSANDRA HERNANDEZ Senior Analyst

DAVID FRENCH Creative Director

NETALIA SHAPSE Senior Graphic Designer

SHELBY AVIS Brokerage Coordinator

BELLA GIORDANO Brokerage Coordinator

NIKI MICHOPOULOS Brokerage Coordinator

ACOMPETITIVEMARKET REQUIRESANAGGRESSIVETEAM LATEST SUCCESS IN CLOSING THE BEST

OFFICE MARKET REMAINS RESILIENT IN FL

$ 162.5M

MIAMI TOWER JUNE 2022 CLOSING

Miami, FL

$257 PSF

5.45% Cap Rate

TWO RECORD SETTING INDUSTRIAL SALES

CLASS A JACKSONVILLE INDUSTRIAL PORTFOLIO $ 140.1M

$ 139.5M

AMERICAN INDUSTRIAL CENTER

3.5 % Cap Rate

3.9

% Cap Rate

Jacksonville, FL 2Q 2022 Closing $150 PSF

Orlando, FL 2Q 2022 Closing $170 PSF

8 | FLORIDA OFFICE & INDUSTRIAL

TEAMSALESHIGHLIGHTS OFFICE (2H 2021 - 1H2022)

$315.0M

$168.0M

Southpark Center Orlando, FL

Heathrow Portfolio Orlando, FL

$90.1M

$56.7M

Metro Miami Portfolio Miami, FL

100 Biscayne Miami, FL

$52.9M

$45.7M

Las Olas Glass Box Ft. Lauderdale, FL

Venture Corporate Center Hollywood, FL

OVER $10M 21 OTHER DEALS CLOSED OVER $10M: Bank of America Tower . . . . . . . . . . . . . $44.6M McKesson . . . . . . . . . . . . . . . . . . . $43.8M Highwoods Preserve V . . . . . . . . . . . . . $30.4M 6550 W Hillborough Ave . . . . . . . . . . . . $27.3M Palmetto Park City Center . . . . . . . . . . . $25.2M 117 Professional Arts Center . . . . . . . . . . . $25.0M

222 Clematis . . . . . . . . . . . . . . . . . . $17.9M Gardens Pointe . . . . . . . . . . . . . . . . .$16.8M Horizons Office Center . . . . . . . . . . . . . $13.0M Televisa . . . . . . . . . . . . . . . . . . . . $12.8M 1080 Greenwood Boulevard. . . . . . . . . . . $10.9M Eastpointe . . . . . . . . . . . . . . . . . . . $10.1M

CLOSED DEALS

TEAMSALESHIGHLIGHTS INDUSTRIAL (2H 2021 - 1H2022)

$148.0M

Jacksonville Core Industrial Portfolio Jacksonville, FL

$126.5M

FL Keystone Distribution Center Ocala, FL

$115.5M

$77.6M

Amazon Orlando Orlando, FL

Tampa Bay & Lakeland Value-Add Portfolio Tampa Bay, FL

$75.1M

$71.5M

Miami Freezer Miami, FL

Bridgepoint Miramar Miramar, FL

10 | FLORIDA OFFICE & INDUSTRIAL

TEAMSALESHIGHLIGHTS INDUSTRIAL (2H 2021 - 1H2022)

$55.6M

$52.0M

Amazon Logistics - Tampa Regional Industrial Park Tampa, FL

National Value-Add Portfolio - Phoenix Phoenix, AZ

$51.6M

$49.0M

Confidential Orlando, FL

South Florida Small-Bay Portfolio West PalmBeach & Coral Springs, FL

$39.6M

$45.1M

Crown Linen Florida Industrial Portfolio Florida

Jetport Commerce Center Tampa, FL

OTHER DEALS CLOSED OVER $10M: Refresco . . . . . . . . . . . . . . . . . . . $39.2M Orlando Small-Bay Portfolio . . . . . . . . . . .$39.1M Westshore Logistics Center . . . . . . . . . . . $29.6M Reich Portfolio . . . . . . . . . . . . . . . . $28.7M McLane Distribution . . . . . . . . . . . . . . $27.3M 1601 Hill Ave . . . . . . . . . . . . . . . . . . $22.0M Tampa Bay Times . . . . . . . . . . . . . . . .$21.0M

CIRCOR International . . . . . . . . . . . . . $20.5M 2850 Interstate Drive . . . . . . . . . . . . . . $17.8M Miami Data Vault . . . . . . . . . . . . . . . . $15.8M Ferguson Warehouse . . . . . . . . . . . . . . $14.7M Commercial Circle . . . . . . . . . . . . . . . $13.0M Lakeside Distribution Center . . . . . . . . . . .$12.2M

OVER $10M 27

CLOSED DEALS

#1 FASTEST GROWING STATE WORLD'S FOCUS IS ON FLORIDA'S SUCCESS STORY 2022

1.0M NET MIGRATION (2020-2024) (Domestic/International)

FLORIDA HAS 4 OUT TOP CITIES PEOPLE ARE MOVING OF 5

#49

New York

Illinois #47

California #50

Arizona

Texas

530 BASIS POINTS HIGHER FOR JOB GROWTH 2021 5.8 % FLORIDA 0.5 % NATIONAL AVERAGE

Florida

STATE 1 10.3MWORKFORCE B R I N G S F L O R I D A T O # 3 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 (reported in net figures)

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12 | FLORIDA OFFICE & INDUSTRIAL

16TH LARGEST ECONOMY IN THE WORLD FLORIDA RECENTLY OVERTOOK THE ENTIRE COUNTRY OF INDONESIA IN TOTAL SIZE

3.0 % UNEMPLOYMENT RATE (MAY 2022)

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

INDUSTRIAL FAST FACTS

H1 2022

The Latest Trends in Florida’s Industrial Markets – Pushing Back Against Rising Interest Rates

SOUTH FLORIDA

LEASING DEMAND INCREASED IN Q1 Almost 5.3 MSF was leased in the first quarter, 63% higher than the first quarter of 2021 and one of the most active quarters ever in South Florida

DEVELOPER CONFIDENCE IS BUILDING

Over 7.6 MSF of industrial space is under construction in Miami-Dade and 10.3 MSF throughout the three counties

TAMPA

JACKSONVILLE

VACANCY DROPS Available space continued to drastically decrease as vacancy ended the first quarter at 4.3% - the lowest rate since 2007

OCCUPANCY REMAINS TIGHT Fifth quarter in a row with 95% or higher occupancy as demand from tenants was sustained through the first quarter of 2022

RENT SURGE With supply limited and demand

HISTORICAL HIGH FOR OVERALL RENTS

Rents hit $6.42 PSF triple net, the first time to eclipse $6.00 PSF ever on solid gains in warehouse

continuing to increase, rents soared 22.7% YOY to $7.94 PSF - a new all-time high

ORLANDO DEMAND OUTPACES SUPPLY The industrial market hit 4.6% at the end of the first quarter of 2022, the lowest vacancy rate since the end of 2018 on strong tenant demand

ROBUST RENT GROWTH

Overall industrial rents hit $8.45 PSF triple net in the first quarter, up 20% YOY with warehouse/distribution space clocking in at $7.57 PSF, 17% higher than one year ago

14 | FLORIDA OFFICE & INDUSTRIAL

OFFICE FAST FACTS

H1 2022

The Latest Trends in Florida’s Office Markets – Pushing Back Against Rising Interest Rates

SOUTH FLORIDA

FLIGHT-TO-QUALITY IS REAL

TENANT DEMAND PUSHING RENTAL RATES

Leasing activity in Class A assets totaled 1.1 MSF with the CBDs accounting for 40% of all activity and suburban submarkets the rest

Overall office rents for all three counties reached $42.60 PSF full service, with gains in Miami-Dade jumping to $47.00 PSF, a 7.5% increase

TAMPA

JACKSONVILLE

STRONG LEASING ACTIVITY CONTINUES Leasing activity totaled over 882,000 SF to start the year, up 127% YOY from 2021 . The Westshore submarket had the most activity with 499,000 SF, which mostly came from the 112,000-SF WiPro and 72,000-SF Maxim Healthcare deals RENTS CONTINUE TO CLIMB

IMPROVING SUBLEASE MARKET Over the last three quarters, the amount of sublease space fell by 190,000 SF, representing 2.2% of inventory

MOMENTUM IN LEASING ACTIVITY Leasing activity hit over 534,000 SF in the first three months, 168% higher than the same period in 2021

Class A rents rose 11% YOY to $34.96 PSF - Class A rents in the CBD skyrocketed 21% to $44 PSF

ORLANDO MOMENTUM IN LEASING ACTIVITY

TENANTS FLOCK TO QUALITY

Over 315,000 SF in leasing activity was recorded in Class A assets, 62% of all leases signed year-to-date

Leasing activity hit over 509,000 SF in the first three months, 40% higher than the same period in 2021

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 Executive Vice Chairman +1 813 340 9898 mike.davis@cushwake.com

RICK BRUGGE Vice Chairman +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

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