May Tenant Advisory

CASE STUDIES

GARTNER, INC. 12769 Gateway Boulevard | Fort Myers, FL 132,000 SF

Gartner required an occupancy solution to accommodate their projected employee growth in Ft. Myers, Florida. With no ability to expand in their existing building, Gartner engaged Cushman & Wakefield to explore potential solutions to meet their expansion needs. Through a strategic process, Cushman & Wakefield created a competitive environment in the market, leveraging Gartner’s presence in Ft. Myers while mitigating any potential risk. Cushman & Wakefield achieved measurable savings for Gartner while securing a build-to-suit lease for a new Class A building with a target completion date of 3rd quarter 2015. SERVICES RESULTS • McGarvey Development Company, Gartner’s incumbent landlord, was awarded the project based on their competitive project budget and ability to achieve Gartner’s compressed timeline. • Cushman & Wakefield negotiated an “open book” 15-year formula lease and development agreement with competitive economics and flexible lease terms.

• Site Selection • Development Agreement • Construction Budget Review • Financial Analysis

• The final result included a 132,000 SF building with 4.8 per 1,000 SF surface parking, adjacent to Gartner’s existing building. Cushman & Wakefield negotiated a significant tenant improvement contribution to the build out, including a covered walkway between the buildings to create a campus environment. • Cushman & Wakefield negotiated over $3.4 million in rent savings and $1.1 million in total developer costs and fees. • The building accommodated Gartner’s projected employee growth and create a connected campus environment

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