Florida Retail Services
Making an impact in retail.
IMPACT IN RETAIL MAKING AN
TABLE OF CONTENTS
Americas Retail Services
3
Florida Retail Services
4
Retail Developer Services
10
2 | CUSHMAN & WAKEFIELD
MAKE COMMUNITIES COME ALIVE AMERICAS RETAIL SERVICES
Cushman & Wakefield has the global market knowledge, resources and experience of more than 1,300 retail professionals in more than 270 office in 60 countries across the world. Our cross-border retail teams stay abreast of the trends within our ever-evolving industry and work together to help clients meet their needs.
THE AMERICAS
EMEA
APAC
150+ Offices
800+ Retail Experts
90+ Offices
300+ Retail Experts
30+ Offices
200+ Retail Experts
3,400+ Annual Brokerage Transactions
$7.9B Brokerage Transaction Value
120+ MSF Under Management
140+ Projects Managed
10,700+ Properties Appraised
800+ Professionals
RETAIL SERVICES | 3
FLORIDA RETAIL SERVICES
BRING THE RIGHT TEAM TOGETHER
Our Leasing experts are dedicated to transforming retail spaces into thriving commercial hubs. We understand that the right tenant mix can redefine a shopping center, drive foot traffic, and maximize revenue. We leverage unparalleled market insights, innovative strategies, and a vast network of industry connections to ensure optimal occupancy and tenant satisfaction. What sets us apart is our holistic approach, integrating our Capital Markets team seamlessly with our landlord and tenant representation, financing, property management divisions and Stressed & Distressed Assets group. This synergistic integration enables us to craft innovative strategies across various facets of the retail real estate lifecycle. As part of Cushman & Wakefield, a global leader in commercial real estate services, our team embodies the core values of innovation, excellence, and integrity. We’re dedicated to shaping the future of retail real estate by embracing cutting edge strategies, staying ahead of market trends, and always advocating for the best interests of our clients. Join us in navigating the ever-evolving world of retail real estate and discover the possibilities that await with Cushman & Wakefield.
From suburban shopping destinations to urban high streets, and everything in between, Cushman & Wakefield’s Florida Retail Services leverage industry experience and global perspective to best market properties, align brands with the right opportunities, and provide clients with intelligence for smart decision making. We pride ourselves on delivering a tailored, unparalleled service that garners exceptional results for our esteemed clients. As your true advisors, we are authentically committed to your best interest and success, standing by our clients over time to achieve the best outcome. Our Capital Markets specialists cater to the needs of prominent private capital investors and developers seeking prime opportunities in diverse retail sectors. Our team’s competitive advantage lies in our firsthand experience as investors and our proficiency in conducting investment-grade financial analysis. This depth of insight allows us to navigate the intricate landscape of suburban shopping malls, anchored and un-anchored strip centers, mixed-use developments, and single-tenant net leased assets with finesse and precision.
4 | CUSHMAN & WAKEFIELD
CAPITAL MARKETS
LEASING
INVESTMENT SALES
Frank Begrowicz Managing Director
Dominic Delgado Senior Director
Greg Masin Senior Director
Sean Glickman Managing Director
Chris Smith Director
Keith Fernandes Associate
MIAMI +1 (305) 533 2874 frank.begrowicz@cushwake.com
BOCA RATON +1 (954) 377 0529 dominic.delgado@cushwake.com
MIAMI +1 (305) 533 2857 greg.masin@cushwake.com
ORLANDO +1 (407) 949 0893 sean.glickman@cushwake.com
ORLANDO +1 (407) 541 4425 christopher.d.smith@cushwake.com
ORLANDO +1 (407) 630 7465 keith.fernandes@cushwake.com
NNN SALES
Patrick Berman Managing Director
Robert Klecinsky Director
Jessica Etchieson Senior Associate
Alec McNamara Director
Jason Donald Managing Director
TAMPA +1 (813) 204 5363 patrick.berman@cushwake.com
BOCA RATON +1 (561) 227 2671 robert.klecinsky@cushwake.com
TAMPA +1 (813) 462 4217 jessica.etchieson@cushwake.com
ORLANDO +1 (770) 597 5457 alec.mcnamara@cushwake.com
TAMPA +1 (813) 204 5329 jason.donald@cushwake.com
EQUITY, DEBT & STRUCTURED FINANCE
Ron Granite Director
Jason Hochman Executive Director
Madison Chaney Associate
Reed Fetter Senior Associate
Amy Foote Senior Associate
BOCA RATON +1 (954) 377 0470 ron.granite@cushwake.com
BOCA RATON +1 (305) 533 2876 jason.hochman@cushwake.com
TAMPA +1 (813) 465 7010 madison.chaney@cushwake.com
ORLANDO +1 (407) 241 3084 reed.fetter@cushwake.com
ORLANDO +1 (407) 541 4411 amy.foote@cushwake.com
RETAIL SERVICES | 5
CENTRAL & NORTH FLORIDA’S RETAIL CAPITAL MARKETS RELEVANT TRANSACTION EXPERIENCE SINCE 2015 $4B
16.6M Square Feet
111 Sales Completed
Retail Investment Sale Assignments
OUR TEAM HAS SOLD OVER 100 SHOPPING CENTERS IN FLORIDA
• Repeatedly demonstrates how to attract both leading and new investors to the marketplace, enabling them to underwrite key assumptions and push pricing based on its impact on their overall portfolios. • Extensive experience selling anchored and un-anchored centers throughout Florida and the Southeast. DEEP KNOWLEDGE & EXPERIENCE IN PUSHING PRICE WITH SIMILAR TRANSACTIONS
• Led by four senior investment sales professionals, with 100+ years of collective investment sales experience. • Multi-Disciplined Team – Retail Investment Sales and Equity, Debt, and Structured Finance. • Experts in multi-tenant retail investments and development. • Track record of delivering optimal results throughout the Southeast. LEADING RETAIL INVESTMENT SALES TEAM
• Ability to get investors focused on offering early in process. • Relationships at the highest level, true decision-makers within organization. • Know their language and what drives their acquisition check list. • Marketing materials and underwriting are trusted by investors, providing confidence and runway room when submitting TRUSTED RELATIONSHIPS WITH ACTIVE INVESTORS IN MARKET
to their respective investment committees to push pricing.
6 | CUSHMAN & WAKEFIELD
Featured Transactions 2024 – 2021
MERIDIAN CROSSROADS MERIDIAN, MS UNDER CONTRACT
$7.0M | 77,763 SF CLIENT IMC Equity FORT CAROLINE JACKSONVILLE, FL JUNE 2024
YINS OUTLET KISSIMMEE, FL JUNE 2023
WEST VOLUSIA RETAIL CENTER ORANGE CITY, FL MAY 2022
$30.0M | 192,000 SF
$13.3M | 130,355 SF CLIENT IMC Equity BUYER Emma V LLC
$7.0M | 52,491 SF CLIENT Larkspur BUYER Ivetic Trucking
BUYER Private
THORNTON PARK CENTER ORLANDO, FL MARCH 2022
SNELLVILLE VILLAGE SNELLVILLE, GA AUGUST 2021
BOULEVARD PLAZA ALTAMONTE SPRINGS, FL JANUARY 2022
BEAR LAKE SHOPPES APOPKA, FL AUGUST 2021
$4.1M | 15,624 SF CLIENT Michael Pinter BUYER David Cure
$5.6M | 18,358 SF CLIENT Pacific West Land BUYER Centersquare Investment Management
$7.4M | 19,991 SF CLIENT Ustler
$6.3M | 16,905 SF CLIENT Pacific West Land BUYER Centersquare Investment Management
BUYER Private
“delivered as promised...” – Dave Lemolo, Gibraltar Capital
“‘out-of-the-box’ mentality...” – Carlos S. IMC Equity Group, Chief Investment Officer
“The underwriting was thorough and accurate...” – Rob Holuba, Center Square
RETAIL SERVICES | 7
Featured Transactions 2021 – 2019
ORANGE CITY PORTFOLIO ORANGE CITY, FL JULY 2021
FOREST OAKS SPRING HILL, FL APRIL 2021
SEBRING SHOPPES SEBRING, FL MARCH 2021
VILLAGE GREEN ROCKLEDGE, FL MARCH 2021
$3.1M | 72,316 SF CLIENT Village Green Plaza LLC BUYER JPA Properties, LLC
$11.9M | 66,377 SF CLIENT Private BUYER V3 Commercial
$4.7M | 38,432 SF CLIENT Vision Development BUYER Santa Clarita Valley Therapy Services
$3.1M | 6,600 SF CLIENT Dunphy Properties BUYER The Tarich Law Firm, PA
$2.6M | 13,962 SF CLIENT Rajai Zumot BUYER Daryl Carter SHOPPES OF OCALA OCALA, FL DECEMBER 2020
$7.3M | 74,520 SF CLIENT IMC Equity Group BUYER Frostpoint Capital SHOPPES AT KISSIMMEE KISSIMMEE, FL FEBRUARY 2021
$6.1M | 54,803 SF CLIENT Meir Cohen BUYER APG Capital HEMLOCK PLAZA CARY, NC AUGUST 2019
$7.8M | 54,163 SF CLIENT GBR Properties Inc. BUYER Quantum Management SHOPPES AT CLOVERPLACE PALM HARBOR, FL MAY 2019
"It's refreshing working with a real professional and ethical broker these days. Sean has excellent communication and impeccable attention to details in his underwriting and due diligence process.” – Robert Kodsi, Tricon Real Estate, Inc.
8 | CUSHMAN & WAKEFIELD
Featured Transactions 2019 – 2014
$12.8M | 151,371 SF CLIENT GoldWynn Golden Gate, LLC BUYER Bedrin Organization GOLDEN GATE SHOPPING CENTER GREENSBORO, NC DECEMBER 2019
SHOPPES AT THE FLORIDA MALL ORLANDO, MS DECEMBER 2019
PARK LANE PLAZA LAKE MARY, FL FEBRUARY 2019
HERNDON VILLAGE SHOPPES ORLANDO, FL SEPTEMBER 2018
$14.5M | 146,718 SF CLIENT Gold-Wynn Investment BUYER Jim Rogers
$15.2M | 22,913 SF CLIENT Pelloni Development BUYER Center Square Investments Management
$6.2M | 64,153 SF CLIENT Christopher Holler BUYER Quantum Management
TIMBER SPRINGS ORLANDO, FL JUNE 2017
VILLAGE AT HUNTER’S CREEK
CROSSROADS MARKETPLACE
COLONIAL TOWN CENTER APOPKA, FL DECEMBER 2014
ORLANDO, FL MARCH 2016
TITUSVILLE, FL OCTOBER 2015
$9.5M | 39,358 SF CLIENT Burillo LLC BUYER Arie Konforte
$16.7M | 133,501 SF CLIENT A.J.C. Garfunkel BUYER Burillo LLC
$9.3M | 161,050 SF CLIENT IMC Development BUYER Burillo LLC
$17.0M | 52,539 SF CLIENT Gibraltar Capital BUYER Mohan Bhoola
“Their knowledge about the market and negotiating skills were crucial to get top dollar for the seller.” – Giovanni Freitas, The Keyes Company
RETAIL SERVICES | 9
RETAIL DEVELOPER SERVICES
MAKE EXPERIENCE MATTER
Services • Acquisition Due Diligence • Rent Analysis • Market & Trade Area Analysis • Occupancy Cost Analysis • Feasibility Analysis • Highest & Best Use Analysis • Top Retails Sourcing and Criteria • Lease Execution • Estimate Development Cost and Timing • Financial Analysis & Exit Strategy • Re-development Services • Specialized Exit
Brokerage & Transaction Management MANAGING THE LEASING, ACQUISITION, AND DISPOSITION OF PROPERTIES TO DRIVE OPTIMAL FINANCIAL OUTCOME. Leverage extensive market knowledge to gain insights into local and national retail markets and enable informed decision-making. Access a vast network of industry contacts and relationships to maximize opportunities. Receive strategic guidance throughout the entire transaction process, ensuring an optimal outcome aligned with your goals and objectives.
Strategies to Maximize Value for Developers
• Leverage Personal Relationships with Developers
10 | CUSHMAN & WAKEFIELD
Client Snapshot Select Americas Retail Clients
OCCUPIERS 7-ELEVEN ARABICA BEYOND YOGA BVLGARI CARTER’S CH CAROLINA HERRERA CHAMPION CHICK-FIL-A CHOPARD CIRQUE DU SOLEIL COLE HAAN DOGTOPIA DOLCE & GABBANA EDWARD JONES INVESTMENTS FAO SCHWARZ GUCCI HERMAN MILLER
INVESTORS BEACON CAPITAL PARTNERS BLACKSTONE BRIXMOR BOSTON PROPERTIES CORNERSTONE CROWN ACQUISITIONS DONAHUE SCHRIBER REALTY
KERING LA GRANDE BOUCHERIE
RICHEMONT ROYAL BANK OF CANADA SAINT LAURENT SAKS & CO. SHOPIFY SWINGERS CRAZY GOLF SCHUTZ SKECHERS STARBUCKS TD BANK FINANCIAL GROUP TED BAKER ULTA BEAUTY UNTUCKIT VERIZON VF CORPORATION
GLOBAL HOLDINGS INVESCO KINGSVILLE INVESTMENTS INC. KIMCO REALTY CORPORATION LNR L3 METLIFE MADISON CAPITAL MONDAY PROPERTIES MORGAN STANLEY
REGENCY CENTERS CORPORATION THE MILLENNIUM GROUP THE RELATED COMPANIES TRIGATE CAPITAL SAVANNA FUND SERITAGE SL GREEN STARWOOD CAPITAL SUN TRUST BANK US BANK WELLS FARGO
LEAP LEGO LONGCHAMP LUXOTTICA MARINE LAYER MODERN ANIMAL MONIQUE LHUILLIER NIKE NFL PANDA EXPRESS PEDIATRIC ASSOCIATES POLESTAR REBECCA TAYLOR RESTORATION HARDWARE RHONE
DRA ADVISORS EMPIRE STATE REALTY TRUST FISHER BROTHERS GE CAPITAL
NEW YORK LIFE PONTE GADEA
H&R BLOCK INNISFREE JP MORGAN CHASE
VINCE VUORI YANKEE CANDLE
Industry Partner Retail Sector Experience
Apparel
Art Galleries
Athleisure
Beauty
Cafés
Digitally Native Brands
Experiential
Fine Dining
Fitness
Food Halls
Footwear
Grocery
Health & Wellness / Medical
Home
Jewelry
Luxury
Quick Service Restaurants
Value
RETAIL SERVICES | 11
Sean Glickman, CCIM Managing Director +1 (407) 902 6660 sean.glickman@cushwake.com FOR CENTRAL & NORTH FLORIDA RETAIL CAPITAL MARKETS INVESTMENT SALES, PLEASE CONTACT:
cushmanwakefield.com 20 North Orange Ave, Suite 300 Orlando, FL 32801
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