Capital Markets Florida

Capital Markets FLORIDA INSTITUTIONAL INVESTMENT SALES AND EQUITY, DEBT & STRUCTURED FINANCE OFFICEAND INDUSTRIAL

WHY OURTEAM...

AT THE CENTER OF What’sNext

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 institutional and private capital expertise, ensuring offerings are viewed by the largest number of prospective investors. Furthermore, incorporating an in- Capital Markets Florida - 2020 Review

house and equity financing team along with appropriate local leasing expertise on each assignment allows our team to maximize pricing with the most credible underwriting in the market place. • Unrivaled market knowledge averaging over 20 years experience across the brokerage team.

UNRIVALED RESUME PUSHING THROUGH COVID-19 $ 225M+ Under Contact $ 650M+ On the Market IN 2020 WE CLOSED APPROXIMATELY $ 1.5B In Sales and Financings

• Direct access to diverse sources of capital seeking office and industrial investments across Florida. • Best in class underwriting and offering materials by the largest

and most experienced support team in the state. This support

allows our brokerage professionals to focus on maximizing investor outreach to achieve the highest possible pricing for our clients.

2 | FLORIDA OFFICE & INDUSTRIAL

Current Snapshot of Active Deals CURRENTLY UNDER CONTRACT:*

782,025 SF

710,962 SF

Meridian 589 Tampa, FL 251,726 SF

Northeast FL Industrial Center Jacksonville, FL

Amazon Central FL Logistics Center Lakeland, FL

Eastpointe Tampa, FL 81,717 SF

Swiss Chalet Miami, FL 75,164 SF

CURRENTLY ON THE MARKET:*

2.3M SF

671,218 SF

498,073 SF

Prologis Portfolio** Central Florida

South Park West Orlando, FL

Waterford Atrium Miami, FL

279,780 SF

Two Harbour Place** Tampa, FL 188,101 SF

182,040 SF

20N Orange Orlando, FL

Tampa Fulfillment Center** Tampa, FL

OTHER DEALS ON THE MARKET

Sunrise Corporate Plaza.................................... 107,527 SF Televisa Building.................................................... 115,739 SF OVER 6.5M SF COMBINED UNDER CONTRACT OR ON THE MARKET *Deals over 75,000 SF listed **Early 2021 launch

TEAM OVERVIEW

MEET OUR DYNAMIC TEAM IN CLOSINGS SINCE 2015* $7.7B +

CUSHMAN &WAKEFIELD OFFICE LOCATIONS BOCA RATON FT. LAUDERDALE FT. MYERS (ALLIANCE) JACKSONVILLE MIAMI ORLANDO STUART TAMPA WEST PALM BEACH

*Excludes large, multi-market portfolio sales

4 | FLORIDA OFFICE & INDUSTRIAL

FLORIDA INSTITUTIONAL CAPITAL MARKETS TEAM Statewide Team with a Dominant Presence

MIKE DAVIS Vice Chairman

RICK BRUGGE Executive Managing Director

DOMINIC MONTAZEMI Managing Director

RICK COLON Director

LOCAL MARKET EXPERTISE

SCOTT O'DONNELL Executive Director

KARL JOHNSTON Senior Director

MIGUEL ALCIVAR Senior Director

GREG MILLER Senior Associate

MIKE CIADELLA Associate

EQUITY, DEBT & STRUCTURED FINANCE TEAM

JASON HOCHMAN Senior Director

BRIAN LINNIHAN Executive Director

MIKE RYAN Executive Director

UNDERWRITING & PRODUCTION TEAM

ZACH EICHOLTZ Manager

RYAN JENKINS Analyst

BROOKE TULLEY Analyst

JORDAN STENHOLM Analyst

GRANT MORRIS Analyst

NOEL O'DONNELL Analyst

MARKETING & ADMINISTRATIVE TEAM

DAVID FRENCH Creative Director

KAYLA HANKINS Brokerage Coordinator

NETALIA SHAPSE Graphic Designer

JOHN MACDONALD Graphic Designer

SHELBY AVIS Brokerage Coordinator

FLORIDAMARKET SNAPSHOT

FLORIDA OFFICE MARKET INVESTOR SENTIMENT IS IMPROVING AS THE COVID VACCINE REACHES FIRST RECIPIENTS, TENANTS RETURN TO THE OFFICE AND THE REGION CONTINUES TO SEE INBOUND TENANT MIGRATION

DIRECT VACANCY

DIRECT RENTAL RATE YTD NEW COMPLETIONS

12.7% $31.76 PSF 1.6M SF

3Q20

FLORIDA INDUSTRIAL MARKET SEVERAL YEARS OF FUTURE GROWTH IN E-COMMERCE WERE ACCELERATED INTO 2020 , RESULTING IN SUBSTANTIAL DEMAND IN INDUSTRIAL SPACE FROM A VARIETY OF TENANTS. DEMAND FROM E-COMMERCE GROWTH HAS NOW MIGRATED INTO THE BROADER INDUSTRIAL COMMUNITY

DIRECT VACANCY

DIRECT RENTAL RATE YTD NEW COMPLETIONS

6.4% $7.36 PSF 14.3M SF

3Q20

6 | FLORIDA OFFICE & INDUSTRIAL

Team Sales Highlights (2H 2019 - 2H 2020)

Tampa Portfolio Tampa, FL $160M

$107M

$83M

Town Center One and Two Jacksonville, FL

Bayview Corporate Tower Fort Lauderdale, FL

$75.5M $71.8M $67.2M $56.4M $54.4M $52.0M $42.1M $34.1M $32.7M $32.5M

$31.5M $31.5M $24.3M $22.6M $19.4M $18.2M $17.0M $15.1M $15.0M $13.8M

Bank of America Tower ............................... Financial Center at the Gardens............... Gartner Campus South................................ Dolphin Corporate Park............................... 550 Biltmore..................................................... Westshore Center........................................... Southside Quarter.......................................... TriPointe Plaza................................................. Sawgrass Village............................................. 302 Datura........................................................

Waterford Centre........................................... Jupiter Innovation Center........................... Gardens Medical Pavilion............................ Miami Tech Center.......................................... 1700 Palm Beach Lakes............................... Courthouse Place........................................... Flamingo Commons...................................... Grand Plaza....................................................... Bradenton Financial Center........................ Brandywine Center I......................................

NEARLY 50 TRANSACTIONS IN THE PAST 18 MONTHS

$69M

$58.4M

I-4 Logistics Center Tampa, FL $47.9M

Tampa Distribution Center Tampa, FL

FL Crossroads Logistics Center Ocala, FL

$43.0M $41.2M $40.7M $36.7M $32.0M $30.0M $26.4M $21.7M $20.4M $18.5M

$16.3M $15.9M $14.1M $13.2M $12.0M $11.6M $10.2M $8.9M $8.7M $6.6M

Airport Commerce Center ......................... CVS Orlando..................................................... Center State West.......................................... Hampton Oaks................................................. Macy's Distribution Center ........................ Innovation Center........................................... Sand Lake Commerce Center.................... Commonwealth .............................................. Altamonte Commerce Center .................. Wynwood Diamedix (Land).......................

Meridian Gateway........................................... 5300 Adamo.................................................... Sanford Logistics Center............................. President's Plaza............................................. CAE Building.................................................... Miami Herald ................................................... Iron Mountain................................................... Thompson Center II....................................... Hydraulic Supply............................................. 4202 Peters Road..........................................

AT THE CENTER OF What’sNext

400 OFFICES

70 COUNTRIES

± 51,000 PEOPLE

$8.5 BILLIONUSD EST. 2019 REVENUE

3.6 BILLION SFMANAGED

WEAREAFORCEFORACTION Fueled by ideas, expertise and dedication across borders and beyond service lines, we create real estate solutions to prepare our clients for what’s next.

CUSHMAN &WAKEFIELDOF FLORIDA, LLC.

MIKE DAVIS Vice Chairman +1 305 533 2862 mike.davis@cushwake.com RICK COLON Director +1 407 541 4422 rick.colon@cushwake.com

RICK BRUGGE Executive Managing Director +1 813 204 5365 rick.brugge@cushwake.com ZACH EICHOLTZ Manager +1 813 462 4207 zachary.eicholtz@cushwake.com

DOMINICMONTAZEMI Managing Director +1 305 533 2850 dominic.montazemi@cushwake.com

©2019 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 COMPLETE- NESS 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.