May Tenant Advisory

UNITED TECHNOLOGIES CORPORATION / EST National Training & Operations Center 8985 Town Center Parkway | Bradenton, FL 106,790 SF In 2002, Edwards Systems Technology (EST), headquartered in Bradenton, FL, anticipated significant growth and required a new campus to house their corporate and training facilities. SERVICES • Location Advisory • Market Analysis RESULTS • Negotiated a competitive contract with Lakewood Ranch for the purchase of the 11.85-acre site with expansion rights and entitlement to expand up to 47,000 sf on an additional 5.7 acres. • Secured a competitive “open book” design/build agreement with Duke Realty for a new 106,790 sf office building, creating a savings of $2 million. • Through negotiations and an online “GE” bid process, Cushman & Wakefield saved EST over $1 million in building costs. • Cushman & Wakefield ultimately sold the building on behalf of Duke Realty for $19.1 million as an investment sale. • Subsequently, EST merged into a subsidiary of General Electric, resulting in the establishment of the company’s world headquarters at the former EST building. • Site Selection • Build-to-Suit Advisory • Financial Analysis • Negotiations

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