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DIRECTORY Thank you NAIOP Letter.............................

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Miami Dade Bus Tour Committee................

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Gemstone Partner Advertisements...............

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Professional Service Advertisements............

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Property Advertisements.............................

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Bus Tour Sponsors......................................

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Market Research........................................

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Itinerary List...............................................

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Property Ads & Facts..................................

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Dear Miami Dade Bus Tour Participant; Welcome to the Miami Dade Bus Tour. I am very pleased that you have joined us for this valuable industry event. As real estate professionals, your time is valuable and we have worked hard at NAIOP South Florida to assure that your bus tour experience will be informative, enjoyable, and that you will make valuable business connections. NAIOP South Florida is constantly looking to improve our presence, programming and networking events, especially in the Miami market. NAIOP welcomes your feedback through its Board of Directors, members and attendees through event surveys. I personally thank all that help push this organization to be the best it can be for all that attend our events. Those of you who are currently members of NAIOP are aware that our vision is straightforward Advancing responsible commercial real estate development. At NAIOP, our members rely on a steadfast association where they can educate themselves and foster networking circles. For those of you who may not currently belong to NAIOP, when you join NAIOP you are instantly connected with thousands of colleagues, locally, throughout the state and across North America. Join NAIOP and you will be on the forefront of superb education and information. Join NAIOP and you will have access to legislative representation on Capitol Hill, Tallahassee and your local municipalities. NAIOP South Florida could not do this industry event without our sponsors that generously contribute to its success and your experience throughout the day. Special thanks to: CBRE for designing our book cover, our Registration and Cocktail Party sponsor – Downtown Doral, our Breakfast sponsor – South Florida Logistics Center and our Lunch sponsor – Bacardi Building, for going above and beyond. Finally, I want to especially thank our Miami Dade Bus Tour Committee members led by Chair Michael Silver from CBRE - every year you and your committee amaze me at continuing to deliver a diverse and interesting tour, where even the seasoned brokers will learn and see something new. The committee was comprised of: Ben Branch, Liberty Property Trust Carlos Erban, Relocation Strategies SFL Stuart Gordon, Flagler Marc Kleiner, Kleiner Law Group Maggie Kurtz, CBRE Brian Latta, Bridge Development Andrew Lehrer, Flagler Global Logistics

Jack Lowell, Colliers International South Florida, LLC Ana Paula, The Hogan Group Nicola Reid, Odebrecht USA Mackenzie Ross-Fidler, Thornton Tomasetti Juan Ruiz, Blanca Commercial Real Estate Chris Sutton, Flagler Global Logistics

Enjoy your bus tour!

Jules R. Morgan Executive Director 1500 W. Cypress Creek Rd., Suite 420, Ft. Lauderdale, FL 33309

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Tel: (954) 990-5116

Fax: (954) 990-5496


Miami Dade Bus Tour Committee Ben Branch Liberty Property Trust



Jack Lowell Colliers International South Florida

Carlos Erban Relocation Strategies SFL

Ana R. Paula THE HOGAN GROUP

Stuart Gordon, SIOR Flagler

Nicola Reid FIU

Marc Kleiner Kleiner Law Group

MacKenzie Ross-Fidler Thornton Tomasetti

Maggie Kurtz CBRE

Juan Ruiz Blanca Commercial Real Estate

Brian Latta Bridge Development Partners

Michael K. Silver, SIOR CBRE Committee Chair

Andrew Lehrer Flagler Global Logistics

Chris Sutton Flagler Global Logistics

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NAIOP | Gemstone Partner | Diamond


MIAMI

305-400-0760

FT. LAUDERDALE 954-628-5355

BOCA RATON 561-572-9887

WEST PALM BEACH 561-572-9887

NAIOP | Gemstone Partner | Diamond

CLIENT FOCUSED RESULTS DRIVEN

JON BLUNK LAUREL OSWALD R. MICHAEL ERICKSON CONSTANCE D. THOMAS CRISTINA GLARIA VAN WATSON JOODY ANDRE

www.tower-cre.com 4


NAIOP | Gemstone Partner | Emerald 5

STRONG AND

SOLID It’s true of our buildings and our relationships. Concrete anchors our buildings. But our relationships are built on trust and respect. Clients trust us because we do what we say we’ll do. And they respect us because we’re honest with them, no matter the circumstances. Find out firsthand why we’ve earned a reputation as the most reliable name in commercial real estate. Visit dukerealty.com or call 954.453.5660.


PROLOGIS SOUTH FLORIDA AT A GLANCE Prologis Beacon Lakes: Miami, Florida

Flo

Delray Beach Jog Rd

Boca Raton Hillsboro Blvd

Coral Springs

n

n

Pines Blvd

In-house property management, leasing and maintenance teams Local development team to suit your needs

Top Six Customers in South Florida

Prologis is the leading owner, operator and developer of industrial logistics real estate with approximately 666 million square feet (62 million square meters) owned and under management in 20 countries on four continents. As of June 30, 2016

Sunrise Fort Lauderdale

595

75

Fort Lauderdale -Hollywood International Airport

Davie

Pembroke Pines

Hollywood

Miramar

628 customers in 152 buildings totaling 14.9 million square feet 361 acres / 5.5 million square feet of development potential

Pompano Beach

95

Plantation BROWARD

Av e

NW 183rd St

17

7th

Opa Locka Airport W 4th Ave

n

75

S Flamingo Rd

n

Largest industrial owner in South Florida with thorough coverage in six (6) markets

NW

n

N University Dr

W Atlantic Blvd

Deerfield Beach

MIAMI-DADE

Miami International Airport SW 40th St

EVERGLADES NATIONAL PARK

Atlantic Ocean

95

Hialeah

Miami

Bird Rd

SW 88th St

Kendall

195

Biscayne Bay

Prologis Properties

Prologis – South Florida Miami 8355 NW 12th Street Miami, FL 33126 Main: +1 305 477 8700

Fort Lauderdale 450 E Las Olas Boulevard Suite 880 Fort Lauderdale, FL 33301 Main: +1 954 587 9202

Scott Gregory V.P., Market Officer Miami sgregory@prologis.com

Brad Stitchberry V.P., Market Officer Fort Lauderdale bstitchberry@prologis.com

Denver Glazier V.P., Investment Officer South Florida dglazier@prologis.com

Travis Harvey V.P., Development Manager South Florida tharvey@prologis.com

NAIOP | Gemstone Partner | Emerald

NATIONAL WILDLIFE REFUGE

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NAIOP | Gemstone Partner | Emerald

where creating the perfect workplace is a work of art

Let our experts help you create incredible places to work, learn, live and heal. We manage the process from space evaluation and planning, specification, project management, installation, warranty and service support.

Corporate & Regional Offices • Higher Education Healthcare • Government A Herman Miller & DIRTT Certified Dealer miami * west palm * fort lauderdale * fort myers * tampa * orlando * jacksonville 305.400.8101 * workscapes.com

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NAIOP | Gemstone Partner | Ruby

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NAIOP | Gemstone Partner | Ruby

BEACH MORE WORRY LESS

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Delivering Excellent Service Experiences with a Splash

COMMERCIAL REAL ESTATE SERVICES

MIAMI

At Colliers International, one of our core values is having fun. We are serious about our work and clients, but value an optimistic, energetic and dynamic work environment that emphasizes social as well as business interaction. We believe it’s not just what we do for our clients, but how we do it that creates memorable experiences. Our professionals bring the right solutions and people to the table to help optimize your real estate strategy and unlock your organization’s full potential. To learn more about Colliers’ peoplefirst approach, connect with us today. +1 305 359 3690 colliers.com/southflorida


For nine decades, Gunster attorneys have worked alongside Florida real estate developers providing comprehensive solutions to resolve multi-faceted challenges. Our real estate, land use, environmental, property rights and eminent domain counsel work together across the state to achieve streamlined solutions for our clients. As a proud supporter of NAIOP, we look forward to many more decades of helping to bring your vision to reality.

NAIOP | Gemstone Partner | Ruby

Optimizing Investment. Building vision.

Gunster.com | For more information contact Heidi Davis Knapik, (954) 468-1391

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Specialization • Expertise • Results

National Exposure, Local Expertise

NAIOP | Gemstone Partner | Ruby

With over 1,600 investment sales and financial professionals in 79 offices, Marcus & Millichap closed 8,715 transactions in 2015 with a sales volume of approximately $37.8 billion.

As the industry leader in real estate investment brokerage, Marcus & Millichap creates markets for properties through its relationships with a broad pool of private and institutional investors. By combining unrivaled transaction expertise, in-depth market knowledge and the industry’s most powerful marketing platform, we maximize value for our clients.

To access the investment market, contact the market leader. Fort Lauderdale

Miami

Ryan Nee Vice President/Regional Manager (954) 245-3400 ryan.nee@marcusmillichap.com

Kirk A. Felici First Vice President/Regional Manager (786) 522-7000 kirk.felici@marcusmillichap.com

Offices Throughout the U.S. and Canada

MMAD_SouthFloridaBusJournal_Dec2015_FINAL.indd 1

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www.MarcusMillichap.com

9/26/2016 11:23:17 AM


COMMERCIAL REAL ESTATE

INDUSTRIAL

APARTMENTS

RETAIL

NAIOP | Gemstone Partner | Sapphire

OFFICE

HOSPITALITY WHEN WAS THE LAST TIME YOU HAD YOUR POLICIES REVIEWED?

  

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NAIOP | Gemstone Partner | Sapphire

Akerman proudly supports the NAIOP Miami-Dade County Bus Tour Ranked nationally by The Legal 500, our real estate team offers comprehensive and fully-integrated project counsel services to clients across the United States and in Latin America. With substantial industry experience and prominent local presence, we represent clients in complex real estate transactions and financings, large-scale development and redevelopment projects, public private initiatives, and litigation.

Akerman LLP | 650+ lawyers | 24 locations | akerman.com ©2016 Akerman LLP. All rights reserved. Contact: Eric Rapkin • Fort Lauderdale, FL • 954.759.8962 • eric.rapkin@akerman.com

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A collaborative, global real estate services company owned and operated by its Principals, Avison Young takes a different approach that translates into a better client experience – and better results.

NAIOP | Gemstone Partner | Sapphire

A Different Approach to Office and Industrial Real Estate

Serving owners and occupiers in Florida with 7 offices throughout the state and 77 offices across North America and Europe. Miami

Fort Lauderdale

Boca Raton

West Palm Beach

www.avisonyoung.com Partnership. Performance.

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NAIOP | Gemstone Partner | Sapphire

BergerAd-Bridge8.5x11_Layout 1 11/14/13 4:39 PM Page 1

Our creative real estate solutions transcend the ordinary.

❚ Property Management ❚ Leasing & Sales ❚ Distressed Assets & Receivership Services Contact the commercial real estate experts.

BergerCommercial.com 954.358.0900 Licensed Real Estate Broker

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Real Estate

International Tax

BRODY & ASSOCIATES CERTIFIED PUBLIC ACCOUNTANTS

REDUCE YOUR TAXES...

Only 100% ex-Big-4 Professional CPAs Highest Level Quality & Service

NAIOP | Gemstone Partner | Sapphire

• Advanced Tax Minimization Planning • Complex IRC Section 1031 (Like-Kind) Exchanges & Alternatives • Tax Advantage Entity Structures • Special Tax Elections • Cost Segregation Studies • Asset Protection

Please call us for a No-Charge Consultation & Tax Return Reviews (305) 931-2225 bacpa.com One Turnberry Place Aventura, FL

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NAIOP | Gemstone Partner | Sapphire

BUILDING YOUR VISION from the

GROUND

With a depth of 65 real estate attorneys and 19 offices across the U.S., we partner with clients to manage real estate transactions from concept to completion including zoning and land use, construction and development, acquisition and disposition, leasing, financing, tax planning and deal structure. Learn more about our firm at www.bipc.com

Adele I. Stone Board Certified Real Estate Attorney 401 E. Las Olas Boulevard, Suite 2250 Fort Lauderdale, FL 33301 954.335.1588 | adele.stone@bipc.com

California | Colorado | Delaware | Florida | New Jersey | New York | North Carolina | Pennsylvania | Virginia | Washington, DC | www.bipc.com

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CBRE knows Office. Through our industry leading perspectives, scale and deep Office

NAIOP | Gemstone Partner | Sapphire

SOUTH FLORIDA ADVANTAGE. expertise, we deliver outcomes that drive business and bottom-line performance for every Florida client we serve. How can we help transform your real estate into real advantage? For more information contact or visit: MIAMI 777 Brickell Ave. Suite 900 Miami, FL 33131 T +1 305 374 1000

BOCA RATON 5100 Town Center Cir. Suite 600 Boca Raton, FL 33486 T +1 561 394 2100

FORT LAUDERDALE 200 E Las Olas Blvd. Suite 1620 Ft. Lauderdale, FL 33301 T +1 954 462 5655

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OVER 40 YEARS OF DEDICATED SERVICE TO SOUTH FLORIDA

NAIOP | Gemstone Partner | Sapphire

15 million sf and $100 million of Related Office and Industrial Project Experience Building Projects and Relationships for Distinctive Clients: • Federal Express • Prologis • Coca Cola • Liberty Property Trust • IDI Gazeley

REPUTABLE AND RANKED! 2015 ENR Top 400 Contractors 2014 ENR Top 400 Specialty Contractors 2015 South Florida Business Journal Largest Contractors 2016 Sun-Sentinel Best Places to Work

CurrentBuilders.com

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With more than 100 team members in South Florida, we provide expertise for all of your integrated real estate needs. cushmanwakefield.com | @CushWakeSouthFL

NAIOP | Gemstone Partner | Sapphire

In South Florida and around the globe, Cushman & Wakefield helps clients transform the way people work, shop and live.

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NAIOP | Gemstone Partner | Sapphire

Delray Professional Center at 1300 NW 17th Avenue Delray Beach For over 25 years, GPG has managed local real estate providing quality residential, office and warehouse space to South Floridians. Our current portfolio consist of a little over million square feet. Participating in NAIOP’s Sapphire Sponsorship Program has greatly enhanced our business opportunities.

5701 N. Pine Island Road | Suite 370 | Tamarac, FL 33321 www.genetgroup.com | 954-572-9159

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Located on the border of Miami-Dade and Broward Counties, Miami Lakes continues to provide for easy commuting and fast access to all the business, residential and recreational areas in South Florida. Managing over 4 million square feet of Office, Industrial and Retail Space in Miami Lakes, The Graham Companies can find you the ideal space to fit your business needs.

NAIOP | Gemstone Partner | Sapphire

A Family Tradition of Service Since 1932

Come Visit Us and Experience Today’s Miami Lakes! For leasing information please contact Steve Style, Vice President of Marketing, 305-817-4025

www.MiamiLakes.com

The Graham Companies • 6843 Main Street • Miami Lakes, Florida 33014

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NAIOP | Gemstone Partner | Sapphire


Liberty’s industrial portfolio includes regional warehouse, national distribution centers, light manufacturing and assembly facilities, and R&D and flex space.

NAIOP | Gemstone Partner | Sapphire

Miami International Tradeport | Medley, Florida

libert y p roper t y.com

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SUNBEAM Ad-16NAIOP Sponsor-Rev2.qxp_Layout 1 9/22/16 3:01 PM Page 1

Sunbeam Properties Breaks Ground on New Office/Flex Building

NAIOP | Gemstone Partner | Sapphire

MPC–30 will add 71,000 sq. ft. to the Miramar Park of Commerce

A hallmark of the Miramar Park of Commerce is its unity of ownership.

Sunbeam Properties has begun construction of MPC–30, a 70,948 sq. ft. spec office/flex building at the Miramar Park of Commerce, the largest locally owned and managed business park in South Florida. Completion is scheduled for Q1 2017. “Today, there is significant demand for high-quality flex/office space with high parking ratios in southwest Broward County. However, there is a limited supply of existing properties that meet those criteria,” said Jonathan Kingsley, executive vice president of Colliers International and broker for MPC–30. “That, coupled with increasing rental rates for office and industrial space, has provided an opportunity for Sunbeam to contribute new flex space options to the market.” MPC–30 will offer impact resistant glass, Miramar Parkway frontage with lighted signage, a five per thousand parking ratio with the ability to provide over seven per thousand, and subdivision capability to accommodate a 10,000 sq. ft. tenant. Interior features include 14 feet of clear ceiling height, a 126-foot non-shared truck court and bays that are 130 feet deep.

MPC–30 will have flexible layouts with sizes varying from approximately 5,000 to 72,000 sq. ft. “With a lack of comparable quality and well-located alternatives, this new development will draw tenants who had to look outside of Miramar when there was no similar product available over the last two to three years,” said Kingsley. A hallmark of the Miramar Park of Commerce is its unity of ownership. With more than 60 buildings under single ownership in one location, the addition of MPC–30 along with more than 2 million sq. ft. of existing second generation flex/office space allows Sunbeam to expand and contract its existing tenants and meet the needs of new clients looking for flexibility. The world class 5.2 million sq. ft. Miramar Park of Commerce is home to 180 national and international companies including Siemens, American Express, Spirit Airlines and G.E. and more than 10,000 employees.

Building similar to MPC-30

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“We are currently at 97 percent occupancy in our flex/office product at the Park, so the timing of MPC–30 is right,” said Maridee Bell, vice president of Sunbeam Properties. “This new building offers prospective tenants a location in a campus-style setting, Miramar Parkway frontage, excellent parking, private entrances to offices, extensive glass, individual signage, round-the-clock access and full control of their electric and HVAC systems.”

Flex/office space, corporate build-to-suits as well as a limited number of second-generation spaces are available in the Park. For more information, contact Lauren Pace (lpace@wsvn.com) or Maridee Bell (mbell@wsvn.com) at 10212 USA Today Way, Miramar, FL 33025 or call 954.450.7900.


SUNBEAM Ad-16NAIOP Sponsor-Rev2.qxp_Layout 1 9/22/16 3:01 PM Page 2

Equidistant from Ft. Lauderdale and Miami, MPC–30 is within minutes of I-75 just one mile east of the Red Road interchange. The high-tech, state-of-the-art facility also features frontage, exposure and convenient access to Florida’s Turnpike.

• ± 70,948 sq. ft. total • ± 10,600 sq. ft. minimum divisible • 14’ clear • Street level • Miramar Parkway frontage with lighted signage • 5:1,000 sq. ft. parking • Additional parking available • 120/208 Volt, 3-phase electric • 100% fire sprinklered • Impact resistant glass

NAIOP | Gemstone Partner | Sapphire

Offering a New 70,948 Sf. Spec Office/Flex Building MPC–30 in the award-winning Miramar Park of Commerce

10212 USA Today Way • Miramar, FL 33025 • 954.450.7900

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NAIOP | Gemstone Partner | Sapphire

GET OUR INSIGHT, CLOSE DEALS FASTER.

Serving South Florida for over 40 years

With Miller’s expert analysis, you empower clients to make well-informed choices. Working as a courtesy to you, we help you bring clients real value.

MILLERCONSTRUCTION.COM

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I

954.764.6550


PGAd-16NAIOP Sponsor.qxp_Layout 1 7/5/16 6:38 PM Page 1

NAIOP | Gemstone Partner | Sapphire

Public Relations | Social Media | Graphic Design | Websites | Adver tising 954.776.1999 | PiersonGrant .com | HighImpac tDigital.com

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NAIOP | Gemstone Partner | Sapphire

Commercial Leasing

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Real Estate Transactions Zoning & Land Use Real Estate Finance & Debt Restructuring Private Equity & Joint Venture Transactions Real Estate Litigation & Workouts


Your single-source commercial real estate provider.

Unmatched performance Customized solutions Integrated real estate services

NAIOP | Gemstone Partner | Sapphire

SERVICES Acquisitions

Construction

Property Management

Development

Architecture

Leasing & Brokerage

Financial Services

Tenant Project Management

Asset Management

since 1951 301 E Las Olas Boulevard | Fort Lauderdale, FL | 954.627.9300

W W W. S T I L E S . C O M

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Goodbye Junk. Hello Relief.

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Uniformed team to take care of the heavy lifting and loading

Items removed from anywhere on the property

No mess on site, we remove items quickly and efficiently

24/7 customer service

1-800-468-5865 | 1800gotjunk.com

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Excellence • Teamwork • Passion

Atlantic Southern Paving and Sealcoating specializes in commercial parking lot maintenance. As pavement problem solvers, we can handle any commercial parking lot construction and maintenance job. While we specialize in Broward, Dade, and Palm Beach Counties, we also work on properties in all 50 states (yes, even Alaska and Hawaii!) and Puerto Rico. We understand the needs of managers, owners, and investors... it’s our job to make complicated simple!

Our Services Include: • ADA Modification • Asphalt Paving • Asphalt Repair • Concrete Curb & Sidewalk • Crack Sealing • Drainage • Pavement Marking • Sealcoating • Signage • Speed Bumps

Who We Serve: • Commercial • Industrial • Office • Retail • Property Management • Community Properties • Entertainment Centers • Special Projects

We make complicated simple. We'd love the opportunity to help improve your property.

Celebrating More Than 20 Years in Business!

NAIOP NAIOP | Professional | Market Research Service Ads

Your parking lot is the first and last thing residents and visitors notice on your property. A structurally safe as well as aesthetically pleasing parking lot helps with both new acquisitions and increased customer retention.

Call us today for a complimentary evaluation and estimate! Ronnie Sagman 954.214.1844 | Ronnie@Atlantic SouthernPaving.com

6301 West Sunrise Boulevard, Sunrise, FL 33313 AtlanticSouthernPaving.com

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Serving South Florida for Over 30 Years! 305-232-2340

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NAIOP | Professional Service Ads

RELIABILE FIBER-OPTIC BUSINESS SOLUTIONS NEAR YOU With access to over 700 miles of fiber and connectivity in over 800 buildings throughout MiamiDade County, your business can benefit from the Uptime World® of FPL FiberNet today.

Dedicated Internet Access | Ethernet | DDoS Defense Services Dark Fiber | Direct-to-Cloud Connection Colocation | Wavelengths

FPLFiberNet.com | 1-866-STRANDS, option 1

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devise + design + build

2014 CONTRACTOR OF THE YEAR CHICAGO CHAPTER

With increased activity in the commercial real estate market, inflation continues to rise and timetables narrow. Many of our clients have approached us

NAIOP NAIOP | Professional | Market Research Service Ads

NAIOP

seeking time saving and cost-effective construction management solutions. We appreciate these needs and place them at the forefront of every project.

pdbgroup.com • 954.530.6972

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GENERAL CONTRACTING / TENANT IMPROVEMENT

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INVESTMENT IN AN RLC DESIGN IS GOOD FOR YOUR COMPANY’S BOTTOM LINE

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RLC ARCHITECTS ADDING VALUE TO SOUTH FLORIDA’S BUILT ENVIRONMENT SINCE 1990

NAIOP NAIOP | Professional | Market Research Service Ads

RLC Architects • 14 SE 4th Street • Boca Raton, FL 33432 • 561.393.6555 • www.rlcarchitects.com

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INTERIORS

osharpe@sharpeproj.com

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Tel: 954-832-9095

www.sharpeproj.com


✦ ✦ ✦ ✦

OFFICE INDUSTRIAL SPECIALTY AUTOMOTIVE

Build-to-Suit Design Build

osharpe@sharpeproj.com

Tel: 954-832-9095

NAIOP NAIOP | Professional | Market Research Service Ads

Owner’s Representative

www.sharpeproj.com

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P R E M I U M O F F I C E , R E TA I L , D I N I N G & E N T E R TA I N M E N T

OFFICE

RETAIL

PORTOFINO PLAZA H O M E S T E A D ’ S

L A N D M A R K

C I T Y

DINING

SERVICES

BEAUTY

P

C E N T E R

NAIOP | Property On the Map Ads

“ Homestead’s convenient, hightraffic, high visibility location.” Look for Portofino Plaza’s landmark red towers, awning covered walkways and friendly vendors on the SW corner of the Florida Turnpike at Exit #2 and Campbell Drive in Homestead, Florida. • • • • •

Professional Services • Retail • Movie Theatre • Restaurants

Homestead’s Amazing Destination

30 Minutes to Miami • 20 Minutes to the Florida Keys

BUSINESS

RETAIL

DINING

Restaurant Dining Health & Beauty Business Services Medical Services Entertainment

ENTERTAINMENT

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Professional Services • Retail • 14 Screen Theatre • Dining

1 AMAZING DESTINATION CALL TODAY

305-720-2922

Homestead Air Reserve Base

Homestead Hospital

Campbell Drive

PORTOFINO PLAZA

Exit #2

Hometstead Speedway

www.PORTOFINOPLAZA.COM 650 NE 22ND TERRACE • HOMESTEAD, FLORIDA 33033

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NAIOP NAIOP| |Market Property Research Ads

Liberty Airport Center | West Palm Beach, FL

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2600 DOUGLAS

Like you’ve never seen it before...

Building Improvements Underway!

NAIOP | Property On the Map Ads

9 9 9 9

New elevator landings Elevator Modernization Program Renovated bathrooms New and improved Micocos Cafe New restaurant coming soon Upgraded lobby and common areas Exterior valet and facade improvements

Available spaces from 1,395 RSF to 13,750 RSF One block south of Miracle Mile On-site security and property management On-site Bank of America Covered parking (2:1,000 RSF at 95/space/month) $32.00- $35.00/ RSF Full Service Year 1

2600 Douglas Rd. Coral Gables, FL 33134 No warranty or representation, expressed or implied, is made as to the accuracy of the information contained here The rendering is submitted subject to errors, omissions, approval by the City of Coral Gables, withdrawal without notice and to any special listing conditions imposed by our principals.

F O R M O R E I N F O R M AT I O N C O N TA C T:

Kevin Gonzalez Associate +1 305 428 6333 kevin.gonzalez@cbre.com

Maggie Guajardo Kurtz Senior Vice President +1 305 381 6482 maggie.kurtz@cbre.com

Jason Krieger Associate +1 305 381 6498 jason.krieger@cbre.com

CBRE, Inc. | Licensed Real Estate Broker Š 2016 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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NEW CONSTRUCTION Miami Lakes Commerce Center Class “A” Industrial Development

Special Features:

Total Project: 82,200 SF • Bldg. 51: 㼼41,100 SF • Minimum Divisible: 㼼10,000 SF • Bldg. 52: 㼼41,100 SF • Minimum Divisible: 㼼10,000 SF • 24’ Clear Twin Tee Roofs • 20 Docks/2 Ramps per 40,000 SF • 185’ Shared Truck Court • 3 Phase Power, Ample Parking

NAIOP NAIOP| |Market Property Research Ads

15901-15915 NW 59th Ave. and 5851-5863 NW 159th St, Miami Lakes, FL

Lease Rate: Starting from $9.75 PSF Gross For Additional Information Please Contact: 7545 West 24 Avenue, S-100 Hialeah, Florida 33016

Rene Vivo, SIOR, Broker Carlos Velasquez, SIOR, Senior Director 305-817-8899 www.vivogroup.net

Note: This offering subject to errors, omissions, prior sale or withdrawal without notice

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+/-69,274 SF - 228,878 SF - FOR LEASE / SALE - ALL OR PART

MEDLEY 104

INDUSTRIAL CENTER

9400 NW 104TH STREET, MEDLEY, FL 33178

Opa Locka Airport

Medley 104 Industrial Center is scheduled for a multi-million dollar renovation which will be completed by Spring 2017 •

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OFFICE SF

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TEMP CONTROLLED SF

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MARKETVIEW

Miami Industrial, Q3 2016

Four years of positive net absorption pushes lease rates higher Total Vacancy

Lease Rate

3.7%

Net Absorption

$8.70 PSF

Completions

330,000 SF

317,000 SF

NAIOP | Market Research

*Arrows indicate change from previous year. Figure 1: Total Vacancy –vs– Average Direct Asking Lease Rate (IG)

Vacancy (%)

Asking Rate ($/SF)

8

10

6

8

4

6

4

2 Q4 2011

Q4 2012

Q4 2013 Vacancy Rate

Q4 2014

Q4 2015

Q3 2016

Average Asking Lease Rate

Source: CBRE Research, Q3 2016.

LEASING ACTIVITY

 The average asking rate in Q3 2016 was $8.70 per sq. ft. This rate represents a $0.09 increase quarter-overquarter and a $0.52 increase year-over-year.  The average sale price per sq. ft. in Q3 2016 was $124. Over 60% of total sales volume took place in the Medley and North Central Dade submarkets.  Miami-Dade’s unemployment rate was 5.6% in August 2016, reflecting an 80 bps decrease year-over-year.

Q3 2016 CBRE Research

69

The Miami Industrial market continued the trend of strong leasing activity, making Q3 2016 the 17th consecutive quarter of positive net absorption. The third quarter closed with net absorption of 330,100 sq. ft., bringing the year-to-date total to 1,142,469 sq. ft. The three top submarkets experiencing the most activity were Medley (484,465 sq. ft.), Airport/Doral (53,562 sq. ft.), and North Central Dade (31,630 sq. ft.). Leases impacting absorption in Q3 2016 totaled over 900,000 sq. ft. across 80 transactions. Approximately, 83% of the © 2016 CBRE, Inc. |

1


M A R K E T V I E W MIAMI INDUSTRIAL

Figure 2: Market Statistics

Submarket

Total Inventory (SF)

Total Vacancy (%)

Total Availability (%)

Q3 2016 Net Absorption (SF)

YTD Net Absorption (SF)

Under Construction (SF)

Avg. Asking Lease Rate ($/SF/IG)

57,243,719

4.0

7.1

53,562

325,111

876,687

9.97

Central Dade

38,052,309

3.7

6.9

(223,578)

96,243

0

8.06

Hialeah

12,564,936

2.6

3.3

(47,670)

(56,237)

1,022,989

6.94

Kendall/Tamiami

12,326,184

1.1

3.9

31,392

22,294

0

10.21

Medley

40,299,521

4.0

6.9

484,465

710,994

767,903

8.44

6,360,166

6.0

6.8

29,390

(28,680)

82,000

9.19

35,915,666

3.9

7.0

31,630

27,609

0

7.06

North East Dade

2,832,607

1.9

6.3

(16,657)

62,074

0

10.69

South Dade

4,542,127

3.8

5.7

(12,434)

(16,939)

32,950

9.61

210,137,235

3.7

6.5

330,100

1,142,469

2,782,529

8.70

Manufacturing

19,061,313

2.5

4.7

5,288

(98,226)

0

7.84

Warehouse/Dist

173,151,340

3.9

6.9

362,680

1,167,079

1,593,637

8.59

10,622,369

3.5

5.9

(29,685)

14,846

0

11.43

7,302,213

3.0

4.4

(8,183)

58,770

1,188,892

15.06

Miami Lakes North Central Dade

Total

Flex/R&D Other Industrial

Source: CBRE Research, Q3 2016.

Neutralogistics, a full service logistics company was the largest tenant to take occupancy in Q3 2016, moving into 105,920 sq. ft. in Building One of Airport North Logistics Park. The second largest move-in was at ITT Medley for 102,000 sq. ft., signed by Freedom Fresh, a full service produce operation.

Caribbean and Latin American region, PAS Cargo signed a lease at Bridge Point Crossroads West for 88,000 sq. ft. located in the Medley submarket. In the Airport/Doral submarket, Adornus Cabinetry (manufacturer and distributor of cabinets) is scheduled to fully occupy the 85,000 sq. ft. Building 7 of Beacon Industrial Park in Q4 2016. Lastly, OHL Logistics – GEODIS (supply chain operator) executed an 80,000 sq. ft. lease at Building 27 of Prologis Beacon Lakes.

Miami also had several sizable new lease transactions signed in Q3 2016. There were a total of four tenants who signed to lease space larger than 75,000 sq. ft. The largest was Kuehne + Nagel, one of the world's leading logistics providers who will occupy 134,000 sq. ft. at Building 3 of DCT Commerce Center II once completed in 2017. One of the top 10 freight companies serving the

Overall, Miami’s industrial market saw healthy activity during Q3 2016 despite the small increase in vacancy. The vacancy rate stood at 3.7%, up 10 basis points (bps) quarter-over-quarter and down 10 bps from the Q3 2015 rate. As the need to shorten delivery times has increased, the demand for modern warehouses in major population centers has soared; creating an increase in rates.

transactions were executed in the Airport/Doral and Medley submarkets.

Q3 2016 CBRE Research

© 2016 CBRE, Inc. |

NAIOP | Market Research

Airport/Doral

2

70


M A R K E T V I E W MIAMI INDUSTRIAL The average asking rate in Q3 2016 was $8.70 per sq. ft. This rate represents a $0.09 increase quarter-over-quarter and a $0.52 increase yearover-year.

Figure 3: Average Direct Asking Lease Rate (IG)

Asking Lease Rate ($) 12 9

INVESTMENT ACTIVITY

NAIOP | Market Research

A total of 12 transactions, amounted to $54 million in sales volume for 434,000 sq. ft. during the third quarter. The average sale price per sq. ft. in Q3 2016 was $124. Over 60% of total sales volume took place in the Medley and North Central Dade submarkets. Medley had a total of $21 million of sales activity, and North Central Dade followed second with $12 million. The biggest sale in Q3 2016 was the 150,000 sq. ft. transfer of 3400-3500 NW 110th Street for $12 million bought by Packaging Corporation of America from Timbar Corporation. 3400-3500 NW 110th Street was built in 1966 and was 100% leased at the time of sale. Another notable trade was the $6.1 million sale of Miami International Business Park located at 11460 NW 39th Street in Doral. The 40,000 sq. ft. building traded hands from Terreno Realty Corporation to Innovair Corp. Industrial REIT, Terreno Realty Corporation acquired the facility in 2011 for $4.4 million. At the time of sale, it was fully leased to a single tenant.

6 3 0 Q4 2011

Q4 2012

Q4 2013

Manufacturing

Q4 2014

Q4 2015

Warehouse/Dist

Q3 2016

Flex/R&D

Source: CBRE Research, Q3 2016.

Figure 4: Net Absorption

Absorption (MSF) 4 3 2 1 0 2011

2012

2013

2014

2015

2016 YTD

Source: CBRE Research, Q3 2016.

DEVELOPMENT

The Miami Industrial market currently has 2.8 million sq. ft. under construction. The submarkets with the most construction activity are Hialeah (1,023,000 sq. ft.), Airport/Doral (877,000 sq. ft.), and Medley (768,000 sq. ft.). In Q3 2O16, there were four buildings delivered totaling 317,000 sq. ft. The newest buildings that broke ground in the third quarter, Telemundo Building 1 and Building 27, are located in Prologis Beacon Lakes in the Airport/Doral submarket. NBCUniversal Telemundo Enterprises will occupy their new

Figure 5: Under Construction and Completions

3,000 2,500

Under Construction (000’s of SF) Construction Completions (000’s of SF)

2,000 1,500 1,000 500 0 2011

2012

2013

2014

2015 2016 YTD

Source: CBRE Research, Q3 2016.

Q3 2016 CBRE Research

71

© 2016 CBRE, Inc. |

3


M A R K E T V I E W MIAMI INDUSTRIAL 450,000 sq. ft. facility that will serve as the company’s new headquarters. The 111,000 sq. ft. Building 27 is scheduled to be completed and occupied by OHL Logistics – GEODIS in Q1 2017.

ECONOMIC INFLUENCE

Florida’s strong economy was highlighted by a low non-seasonally adjusted unemployment rate of 4.9 percent in September 2016, down 70 bps from 6.4 percent a year ago. The state gained 242,300 jobs year-over-year, representing an employment increase of 3.0%. According to the Florida Department of Economic Opportunity in September 2016, manufacturing jobs totaled 359,000 in Florida, an increase of 15,200 jobs yearover-year. Manufacturing has gained jobs yearover-year for 68 consecutive months, after more than four years of annual losses. Miami-Dade’s unemployment rate was 5.6% in August 2016, reflecting an 80 bps decrease yearover-year. Job growth for the market showed a 1.0% increase year-over-year, representing 11,700 jobs added. OUTLOOK

The Miami-Dade industrial market continued to demonstrate strong market fundamentals in the third quarter based on robust job and economic growth. Economic expansion is expected to continue as Miami is one of the leading hubs for

MIA is the largest U.S. gateway for Latin America and the Caribbean and is one of the busiest international passenger and freight airports in the world. PortMiami stands as the U.S. container port closest to the Panama Canal, providing shippers fast access to Florida’s booming local consumer base and the entire U.S. market. Miami’s vacancy rate, which is already one of the lowest in the country, is expected to contract as current tenants expand and new tenants enter the market. In turn, this is expected to have a positive effect on Miami’s climbing asking and effective rents, which have seen significant growth in the past several years. As land prices continue to rise and the amount of developable land diminishes, existing warehouse product sales are expected to increase. Miami’s future looks bright as a gateway city and global logistics hub.

NAIOP | Market Research

The two largest deliveries of Q3 2016 both took place at Flagler Station located in the Medley submarket. The completions included the 66,000 sq. ft. Building 5 and Building 6, a 185,000 sq. ft. building that was nearly 70% pre-leased. A 27,000 sq. ft. condo building located at 12320 NW 116th Avenue completed construction and the units are currently being marketed. The 40,000 sq. ft. Greyhound Maintenance Facility building was also completed in the third quarter. The building is owned and operated by Greyhound Lines, Inc. and located at 3486 NW 25th Avenue.

global commerce and tourism. Its gateway location in the center of the Western Hemisphere makes the Miami International Airport (MIA) and PortMiami significant channels for international trade and commerce.

Figure 6: Job Growth by Sector – Change in Employment

Construction Financial Activities Prof. and Bus. Services Trade, Transportation, & Utilities Leisure and Hospitality Education and Health Services Information Total Government Other Services Manufacturing (2,500)

0

2,500

5,000

Source: U.S. Department of Labor, Bureau of Labor Statistics, Sep. 2016.

Q3 2016 CBRE Research

© 2016 CBRE, Inc. |

4

72


M A R K E T V I E W MIAMI INDUSTRIAL CONTACTS

Joseph Hamam Research Coordinator +1 305 381 6461 joseph.hamam@cbre.com John Ferguson President Southeast Division +1 404 504 7870 john.ferguson@cbre.com

NAIOP | Market Research

Quinn W. Eddins Director, Research and Analysis +1 305 428 6325 quinn.eddins@cbre.com Contact CBRE 777 Brickell Avenue, Suite 900 Miami, FL 33131 +1 305 374 1000 To learn more about CBRE Research, or to access additional research reports, please visit the Global Research Gateway at Market Coverage: Includes all competitive industrial buildings 10,000 sq. ft. and greater in size in Miami-Dade County.

www.cbre.com/research-and-reports.

Disclaimer: Information contained herein, including projections, has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to confirm independently its accuracy and completeness. This information is presented exclusively for use by CBRE clients and professionals and all rights to the material are reserved and cannot be reproduced without prior written permission of CBRE.

73


MARKETVIEW

Miami Office, Q3 2016

Tenants compete for premium space driving rents higher Lease Rate – Class A

Total Vacancy

11.9%

Net Absorption

$41.78 PSF

0 SF

*Arrows indicate change from previous year.

Figure 1: Total Vacancy –vs– Average Direct Asking Lease Rate (FSG)

Vacancy (%)

Completions

193,000 SF

Average Asking Lease Rate

Asking Rate ($/SF)

20

35

16

33

12

31

8

29

4

27

0

25 Q4 2011

Q4 2012

Q4 2013

Q4 2014

Q4 2015

Q3 2016

Source: CBRE Research, Q3 2016. L E A S I N G A C T I V I TY

Vacancy declined to 11.9% in Q3 2016, a reduction of 40 basis points (bps) quarter-over-quarter and 120 bps year-over-year.

Q3 2016 net absorption was 193,222 sq. ft., with 64,110 sq. ft., or 83.9%, in suburban submarkets and 129,112 sq. ft. in the CBD.

According to a report issued by the Miami Downtown Development Authority (MDDA), Downtown Miami’s population has grown to 90,000, an increase of 32% since 2010 and 150% since 2000.

The MDDA report also cites that the per capita income in downtown Miami increased by nearly 30% since 2010. The average household income exceeds $110,000 nearly double that of the national average and 83% higher than that of the City of Miami. In Brickell, the average household income is 16.1% higher at $127,758.

Q3 2016 CBRE Research

As premium space becomes scarcer, tenants are paying higher rents, especially for those properties in prime locations close to mass transit. Office rents have surpassed peak rates prior to the recession for Class A properties, going as high as $65 per sq. ft. in the CBD.

NAIOP | Market Research

Vacancy Rate

Rising rents coupled with lagging office construction, is continuing to cause vacancy rates to decline. Market fundamentals are improving with vacancy rates moving into the single-digits for many major submarkets across the county including Airport/Doral, Aventura, Coconut Grove, Coral Gables and Miami Beach. Total vacancy declined to 11.9% in Q3 2016, down 40 basis points (bps) quarter-over-quarter and 120 bps year-over-year.

© 2016 CBRE, Inc. |

1

74


M A R K E T V I E W MIAMI OFFICE

Figure 2: Market Statistics – Class A & B

Submarket CBD Brickell Downtown Miami CBD Total Suburban Airport/Doral Aventura

NAIOP | Market Research

Biscayne Blvd. Coconut Grove Coral Gables Kendall Miami Beach Miami Lakes North Miami South Dade

Class

Total Inventory (SF)

Direct Vacancy (%)

Total Vacancy (%)

Q3 2016 Absorption (SF)

YTD Net Absorption (SF)

Under Construction (SF)

Avg. Dir. Asking Lease Rate ($/SF/FSG/G/MG)

A B A B

4,060,698 2,085,545 3,257,916 2,311,954 11,716,113

7.9 13.1 18.4 20.2 14.2

8.4 14.1 18.6 20.2 14.6

72,501 (3,475) 4,639 18,124 91,789

260,701 6,712 (13,723) (64,552) 189,138

129,676 0 280,000 0 409,676

49.98 38.57 49.77 34.03 43.32

A B A B A B A B A B A B A B A B A B A B

4,571,997 6,022,899 1,250,700 166,788 668,820 340,424 460,409 601,071 3,956,656 3,149,654 1,398,315 2,073,705 820,097 889,535 517,331 996,735 560,752 314,047 0 467,756 29,227,691 40,943,804

6 11.7 4.4 41.7 28.2 4.4 0.1 5.8 12 5.7 10.3 9.8 2.2 6.8 20.5 26 13.5 13.9 0 22.7 10.3 11.4

6.7 11.7 5.1 41.7 28.2 4.4 2.1 5.8 12 6 10.3 9.8 4.1 6.8 20.5 26.5 13.5 13.9 0 22.7 10.6 11.7

(11,149) (44,023) (9,541) 11,481 5,000 5,662 6,355 2,156 20,593 5,647 (2,159) (6,905) 610 (14,954) 8,421 26,469 14,184 1,927 0 3,324 23,098 114,887

47,515 95,121 (1,465) 18,929 5,500 19,559 (3,187) 8,992 (42,991) 41,595 (21,473) 43,310 (10,784) 31,757 21,637 33,039 28,377 (8,825) 0 (5,630) 300,976 490,114

246,085 0 0 0 20,180 0 0 0 116,576 0 0 0 0 0 0 0 0 0 0 0 382,841 792,517

31.94 25.88 46.66 41.12 41.00 32.84 0 31.95 39.22 34.25 38.03 25.97 39.38 38.95 28.15 20.94 29.86 20.24 0 25.15 32.08 36.15

Suburban Total Overall Total

Source: CBRE Research, Q3 2016.

Figure 3: Market Statistics – All Classes

Submarket Brickell Downtown Miami CBD Total Airport/Doral Aventura Biscayne Blvd. Coconut Grove Coral Gables Kendall Miami Beach Miami Lakes North Miami South Dade Suburban Total Overall Total

Total Inventory (SF) 7,124,795 7,584,293 14,709,088 11,752,581 1,549,296 1,596,699 1,126,480 7,265,332 3,647,820 1,959,034 1,953,195 1,423,572 467,756 32,741,765 47,450,853

Direct Vacancy (%) 9.5 19.2 14.5 9.2 8.7 16.0 3.1 9.2 10.0 4.2 22.7 15.3 22.7 10.4 11.7

Total Q3 2016 Vacancy Absorption (%) (SF) 10.1 59,929 19.3 69,183 14.8 9.5 9.2 16.3 3.9 9.3 10.0 5.0 22.9 15.3 22.7 10.6 11.9

129,112 39,111 61,654 1,849 8,919 (5,518) 37,129 16,871 44,801 10,307 (34) 64,110 193,222

YTD Net Under Absorption Construction Avg. Dir. Asking Lease (SF) (SF) Rate ($/SF/FSG/G/MG) 272,181 129,676 41.89 (26,707) 280,000 38.25 245,474 (17,513) 1,940 2,189 8,511 25,801 1,200 (13,397) 38,319 13,736 3,324 393,676 639,150

409,676 246,085 0 20,180 0 116,576 0 0 0 0 0 382,841 792,517

39.53 27.25 42.03 36.44 31.95 37.36 30.30 38.82 22.37 25.69 25.15 31.04 34.36

Source: CBRE Research, Q3 2016. Q3 2016 CBRE Research

75

© 2016 CBRE, Inc. |

2


M A R K E T V I E W MIAMI OFFICE yield for Class A CBD product than New York and is competitive with other gateway markets. For Class A stabilized assets, investors can expect rates in the 4.25 to 5.25 range, on par with other tier I markets such as Boston, Los Angeles, and Seattle.

The average asking lease rate for Class A properties in the CBD climbed to $49.84 per sq. ft., an increase of $2.66 year-over-year or 5.6%. The average asking rate for Class A properties in the suburban submarkets was $36.66, an increase of $1.92 year-over-year or 5.5%.

In Q3 2016 investors continued to capitalize on the stability the Miami market offers while seeking to exploit some of the existing growth opportunities rare in other similar tier I markets. Miami office investment sales totaled $319 million in Q3 2016. The largest transaction of Q3 2016 was the sale of Datran Center for $150 million, or $297 per sq. ft., by USAA to ABS Partners Real Estate. The 500,000 sq. ft. property commands the highest asking rents in the Kendall submarket.

I N V E S TMEN T S A L E S A C T I VI TY

According to CBRE’s H1 2016 North America Cap Rate Survey, Miami continues to offer a higher Figure 4: Investment Sales ($ millions)

Building Sale Price Price Per SF (SF) ($) (S) 505,682 150,000,000 297

Submarket Kendall

Property Datran Center

Buyer ABS Partners Real Estate

Seller USAA

Airport/Doral

Doral Corporate Center I

Lennar Corp.

Hines

140,000

48,750,000

348

Miami Beach

1674 Meridian

Ivy Realty, LLC

Terranova Corporation

127,870

47,000,000

368

Coral Gables

Miami Green Office

Jacques Berrebi, Teleperformance SE

iStar

115,849

39,200,000

338

Downtown

Biscayne Building

Biscayne Building, Inc.

M Management Inc.

153,864

24,500,000

159

Source: CBRE Research, Q3 2016. Figure 5: Significant Occupancies* Submarket Airport/Doral

Property The Landing at MIA 8

Tenant Tissuetech, Inc.

Transaction (SF) 28,106

Coral Gables

2020 Ponce

AMC Networks International

16,424

Downtown

Wells Fargo Center

Western Union

13,500

Airport/Doral

1000 Waterford

Les Concierge

10,461

Brickell

1441 Brickell Ave.

HSBC Bank

7,912

Source: CBRE Research, Q3 2016.

NAIOP | Market Research

Tenants seeking space in the market have requirements that total an additional 811,000 sq. ft. Architectural and engineering firms were the top industries in the market, followed by legal firms.

*Does not include renewals

Figure 6: Significant Leases Executed Submarket Brickell

Property Two Brickell City Centre

Tenant WeWork Companies, Inc.

Lease Type New Lease

Transaction (SF) 64,572

Airport/Doral

Doral Concourse

Transportation Security Administration (TSA)

Renewal

30,000

Downtown

One Biscayne Tower

Zarco Einhorn Salkowski & Brito

New Lease

26,186

Downtown

New World Tower

Zyscovich Architects

Renewal

25,500

Airport/Doral

5200 Waterford

Novartis Pharmaceuticals Corporation

Renewal

25,149

Source: CBRE Research, Q3 2016. Q3 2016 CBRE Research

Š 2016 CBRE, Inc. |

3

76


M A R K E T V I E W MIAMI OFFICE D E V E L OPMEN T

NAIOP | Market Research

Construction remained unchanged in Q3 2016. There were no new deliveries nor did any new projects break ground. The highest and best use of land in Miami remains multi-family and mixeduse development, which accounts for the majority of proposed or planned projects. Projects now under construction will increase current inventory by less than 2.0% and will deliver 792,517 sq. ft. by 2017. Anticipated deliveries in 2016 total 266,432 sq. ft. and include Two Brickell City Centre, which accounts for 129,676 sq. ft. of office space. A total of 526,085 sq. ft. is scheduled to deliver in 2017 including Two and Three MiamiCentral with a total of 280,000 sq. ft., and 800 Waterford Way with 246,085 sq. ft. E C O N OMI C I N F L U E N C E

Job growth remained steady with the highest increases in construction, financial activities and professional and business services. According to the Bureau of Labor Statistics, the Miami metropolitan area recorded an increase of 11,700 jobs in the twelve months prior to August 2016, representing a year-over-year gain of 1.0%. Unemployment increased by 20 bps to 5.6% in August 2016, but decreased by 80 bps year-overyear.

dye highest Figure 7: Average Direct Asking Lease Rate (FSG/G/MG)

Asking Lease Rate ($) 45

THE VACANCY RATE CONTINUED TO DECLINE IN 40 Q2 2016 TO 12.2%, DOWN 30 BASIS POINTS (BPS) QUARTER- OVER- QUARTER AND

35

140 BPS YEAR- OVER-YEAR. AIRPORT/DORAL, AVENTURA, COCONUT GROVE, CORAL 30 GABLES AND MIAMI BEACH ARE ALL

25 REPORTING SINGLE-DIGIT VACANCIES. ECO VACANCY RATE CONTINUED TO

20

DECLINE IN Q2 2016 TO 12.2%, DOWN 30

Q4 2011 Q4 2012 Q4 2013 Q4 2014 Q4 2015 Q3 2016

BASIS POINTS (BPS) QUARTER- OVER- QUARTER

Class A

Class B

AND 140 BPS YEAR- OVER-YEAR.

Source: CBRE Research, Q3 2016.

AIRPORT/DORAL, AVENTURA, COCONUT GROVE, CORAL GABLES AND MIAMI BEACH

Figure 8: NetREPORTING Absorption –vs– Vacancy Rate ARE ALL SINGLE-DIGIT VACANCIES.

Vacancy Rate (%)

Net Absorption (000’s of SF) 1,200

20

1,000

18

800

15

600

13

400

10

200

8 5

0 2011

2012 2013 2014 2015 2016 YTD Net Absorption Vacancy Rate

Source: CBRE Research, Q3 2016. O U T L OOK

Global uncertainty, a U.S. presidential election and other economic factors are likely to keep interest rates low for the near-term and perhaps into 2017. Therefore, conditions are favorable for continued growth in market fundamentals of commercial real estate. The U.S. remains a safe haven for foreign investment offering an unbeatable risk/reward proposition. Absorption will continue to outpace new supply as new construction deliveries will be minimal in 2017.

Figure 9: Completions (000’s of SF)

2,000

Completions Forecast

1,500 1,000 500 0 2010 2011 2012 2013 2014 2015 2016 2017 Source: CBRE Research, Q3 2016.

Q3 2016 CBRE Research

77

© 2016 CBRE, Inc. |

4


M A R K E T V I E W MIAMI OFFICE

single occupancy, government and medical buildings.

CONTACTS

Ana M. Gonzalez Research Coordinator +1 305 381 6432 ana.gonzalez@cbre.com Quinn Eddins Director, Research and Analysis +1 305 428 6325 quinn.eddins@cbre.com

To learn more about CBRE Research, or to access additional research reports, please visit the Global Research Gateway at www.cbre.com/research-and-reports.

NAIOP | Market Research

Market Coverage: Includes all competitive office buildings 30,000 sq. ft. and greater in size in Miami-Dade county. Excludes:

Contact CBRE Miami 777 Brickell Avenue, Suite 900 Miami, FL 33131 +1 305 374 1000

John Ferguson President Southeast Division +1 404 504 7870 john.ferguson@cbre.com

Disclaimer: Information contained herein, including projections, has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to confirm independently its accuracy and completeness. This information is presented exclusively for use by CBRE clients and professionals and all rights to the material are reserved and cannot be reproduced without prior written permission of CBRE.

78


Multifamily Research Market Report

Third Quarter 2016

Miami-Dade County

NAIOP | Market Research

Construction in Miami High; Favorable Values in Core Rental demand outpaces supply increases. Demand for rental housing so far this year has been at heightened levels on the back of solid job growth and a surge in home prices. New stock can’t come fast enough to meet this demand, pushing vacancy down to near-record lows as more households seek out a residence in Miami-Dade. Development has reached record highs in response to a shrinking supply of available rentals, boosting the number of units underway to nearly 10,000, including many high-end apartments in core areas. Affordability has been an issue for many first-time homebuyers in Miami-Dade, generating strong demand for rentals as several submarkets offer new rentals at more affordable rates. One-third of the units slated

Solid yields readily available. Sales continue to be strong in Miami-Dade, keeping deal flow over the last three years at elevated levels. Investors regularly favor the Miami Beach area with hopes of being near South Beach, where properties rarely trade. Firstyear yields shrank 20 basis points to the high-3 to mid-6 percent range in this area, with many trades of Class C complexes pricing for less than $5 million recorded. Yields for the entire market, though, occu-

pied a wide spectrum. Some complexes in downtown Miami and Miami Beach sit below 4 percent, but assets in the northern submarkets can trade with going-in cap rates above 7 percent. In the greater downtown area, institutional buyers acquired large properties priced greater than $20 million, some being Class C complexes intended for redevelopment projects. Large growth in the retail and office sectors in the Downtown and Brickell areas will draw more attention to value-add opportunities nearby. This is especially true in the East Little Havana neighborhood, where smaller Class C properties generally trade below $3 million and cap rates range from low-5 to mid-7 percent.

2016 Multifamily Forecast 2.1% increase in total employment

7,200 units will be completed

10 basis point increase in vacancy

3.9% increase in effective rents

79

for completion this year will come online in the fourth quarter, contributing to a slight increase in the vacancy rate to a still-tight level. Exceptional absorption year to date and a strong job market point to robust operations over the next 12 months.

Employment: After employers added 22,600 positions last year, the pace of job creation will accelerate in 2016 with the creation of 23,700 jobs, a 2.1 percent gain. During the last five years that ended June 2016, the employment base increased by 137,400 new workers.

Construction: The multifamily sector will experience a considerable supply increase this year with the completion of 7,200 new rentals, a substantial boost from 2015 when builders finished 2,450 apartments. Of this year’s deliveries, 463 units will be designated as affordable and 147 will be for those 55 and older.

Vacancy: The delivery of more than 2,000 units in the fourth quarter will contribute to a minor uptick in the vacancy rate to 2.5 percent in 2016. Last year net absorption of 2,800 apartments sliced the rate 70 basis points to the lowest rate since 2005.

Rents: Strong demand for apartments in Miami-Dade will support a 3.9 percent climb in the average effective rent to $1,351 per month this year. A rise of 4.0 percent was recorded in 2015. Since the second quarter of 2011, monthly effective rent has climbed roughly $240.


Multifamily Research | Market Report

Economy Employment Trends Metro

Trends • In the first half Vacancy of the yearRate 11,400 jobs were created, bringing the total amount of new hires in the last 12 months to States 19,300. Job creation during the past 12 Metro United 8% supported a decline in the unemployment rate of 80 basis points to months 5.3 percent, the lowest level during the current expansion.

United States

3%

Vacancy Rate

Year-over-Year Change

4%

6%

• The professional and business services sector and the construction sector led 4% adding a combined 10,800 positions since the second quarter last year. the way,

2% 1% 0% 12

13

14

15

16*

• Following the recent opening of the expanded Panama Canal, Port Miami 2% is one of the few ports south of Virginia capable of accommodating larger vessels 0%that require a 50- to 52-foot depth when fully laden. This leaves Port Miami well deals with Asian markets and 12 positioned 13 as a hub 14 for new 15 trade 16* will have a direct effect on trade employment in the county.

Outlook: Job gains will remain steady through the second half of 2016. This

Housing and Demographics

Metro

Rent Trends

• The median household income advanced to $45,800 annually in June, up Monthly Rent Y-O-Y Rent Change 2.7 percent from midyear 2015. In the existing single-family home market, the $1,400 median price surged 9.3 percent year over 8% year in the second quarter to $295,100, widening the gap between the monthly cost of a single-family 6% $1,225 home and a rental unit.

United States

Monthly Effective Rent

24% 18% 12%

Year-over-Year Change

Median Home Price (Y-O-Y Change)

Home Price Trends

• When combining insurance and tax payments, 4% and assuming a 10 percent $1,050 downpayment, the monthly cost to own a home is $1,575, roughly $245 great2% of homeownership is fueling $875 er than the average monthly rent. The high cost the demand for rental housing and encouraging developers to build more.

6% 0% 12

13

14

$700

15

16**

0%

12 of households 13 14 in the15county 16* • The number rose 1.8 percent during the past 12 months, above the national average. Household formation, coupled with job growth, will support a strong performance in the multifamily sector.

Outlook:

Homeownership will remain out of reach for many households in Miami-Dade as prices grow faster than income, sustaining demand for rental housing that will maintain low vacancy.

ConstructionSales Trends

Construction Trends Multifamily Permits

• Completions in the first half of 2016 totaled nearly 3,000 units. Roughly half of the new rentals were delivered in the Downtown Miami/South Beach sub$200 market. Since the second quarter last year, 4,000 apartments were delivered in the county. $175 Average Price per Unit (000s)

Number of Units (000s)

Completions

NAIOP | Market Research

year, employment in Miami-Dade will increase 2.1 percent, or by 23,700 workers, a slight rise from the 22,600 jobs added in 2015.

12 9

• Downtown Miami received the most rentals in the first two quarters, 1,375. $150 The largest project was the 497-unit Melody Towers. In the same span, 675 apartments were delivered in Coral Gables.

6 3 0 12

13

14

* Forecast ** Trailing 12 months through 2Q

15

16*

$125

• With 9,700 rentals under construction across Miami-Dade with completion dates through 2019, development continues at a robust pace. The largest $100 12 in the13pipeline14is the 15 16**Panorama Tower. When comdevelopment 821-unit pleted next year, the project will be the tallest residential building on the East Coast south of New York.

Outlook: After 2,450 rental units were delivered in 2015, completions will rise to 7,200 apartments this year. Coral Gables/South Miami will receive 1,600 units in the next two quarters, the most completions countywide over this span.

80


Multifamily Research | Market Report

Vacancy

• The Northeast Miami submarket, which posted net absorption of 1,950 units, 3% the greatest countywide, registered a vacancy drop of 340 basis points year over year in June to 2.5 percent. The West Miami/Doral area also recorded a strong decline in vacancy,2% falling 260 basis points in the same span to 2.4 percent. 1%

Vacancy Rate Trends Metro

United States

8%

Vacancy Rate

Year-over-Year Change

Employment Trends • Exceptional second quarter absorption of 3,400 units reduced the vacancy rate 140 basis points over the past year to 1.7 percent. Class C units had the Metro United States least amount of availability after compressing 110 basis points to 0.7 percent. 4%

• Vacancy was tight among complexes constructed since 2010 with only 3.9 percent of units sitting empty0% following a 510-basis-point reduction from June 12 were 13 15 16* this 2015. More than 1,700 apartments delivered 14 in the second quarter year.

6% 4% 2% 0% 12

13

14

15

16*

tribute to a 10-basis-point uptick in the vacancy rate to 2.5 percent. In 2015, net absorption of 2,800 units supported a 70-basis-point drop in the vacancy rate.

Rents

Home Price Trends

• Apartments in the Downtown Miami/South Beach submarket averaged a 12% monthly rent of $1,879, the steepest followed by Coral Gables/South Miami at $1,577 per month. On a per square foot basis, rents in the Coral Gables/South 6% Miami submarket ended the second quarter at $1.90. • Effective rent rose 6.7 percent0% this year for properties constructed in the 1980s, ending June 2016 at $1,275 per month. Those built 14 since 2010 12 13 15 increased 16** rent 3.2 percent to $1,598 per month.

Y-O-Y Rent Change

$1,400

8%

$1,225

6%

$1,050

4%

$875

2% 0%

$700 12

13

14

15

16*

Outlook: The average effective rent will increase 3.9 percent this year to $1,351 per month, approximating the increase recorded in 2015.

Sales Trends

12

• The average price climbed 15 percent from one year ago to $195,800 per unit 9 and South Beach on a per unit basis averaged at midyear. Prices in Bal Harbour $230,400, with a number of trades achieving a price point greater than $500 6 per square foot. North Miami Beach has been an increasingly popular area for investors; the best assets commanded a price per foot between $150 and $190. 3 • Initial yields fell 50 basis points to 5.6 percent for Class C properties, the most 0 commonly traded. Class B complexes recently sold carried an average cap 12 13 14 15 16* rate in the mid-4 to mid-5 percent range with Class A in low- to high-4 percent territory. North Miami Beach was home to numerous value-add opportunities in which apartments changed hands with a first-year yield in low-6 to mid-7 percent span.

Outlook: Investment into the Miami-Dade multifamily sector will remain strong behind a broad pool of investors that includes domestic and some foreign capital.

Sales Trends Average Price per Unit (000s)

Number of Units (000s)

• While investors remain active in the Miami-Dade multifamily market, sales Construction Trends slowed modestly over the past 12 months ended in June from the cycle high Completions Multifamily Permits posted in the preceding period. Submarkets in the greater downtown area continued to garner the most buyer attention.

81

Rent Trends Monthly Rent

Monthly Effective Rent

Median Home Price (Y-O-Y Change)

• Low vacancy supported a 2.2 percent rise in the average effective rent over the Metro United States past year to $1,330 per month at midyear. The average Class A rent fell 6.4 24% percent to $1,785 per month while Class C offerings inched up 0.2 percent to $853 monthly. 18%

Year-over-Year Change

NAIOP | Market Research

Outlook: Lease-up will stretch into next year for some new properties and con-

$200 $175 $150 $125 $100

12

13

14

15

16**

* Forecast ** Trailing 12 months through 2Q Sources: CoStar Group, Inc.; Real Capital Analytics


Multifamily Research | Market Report

Capital Markets National Multi Housing Group Visit www.NationalMultiHousingGroup.com

John Sebree

First Vice President, National Director National Multi Housing Group Tel: (312) 327-5417 john.sebree@marcusmillichap.com

Miami Office: Kirk A. Felici

First Vice President, Regional Manager Tel: (786) 522-7000 kirk.felici@marcusmillichap.com

• Global capital markets have remained stable over the past few weeks, even as Brexit and the continued devaluation of the Chinese yuan have induced bouts of volatility into stock and bond markets. Meanwhile, U.S. economic data has proved resilient, with increases in retail sales and steady hiring supporting a measured pace of growth. Additionally, higher bond prices have lowered prospective yields, boosting the appeal of commercial real estate. • As the homeownership rate continues to plumb new lows, investor interest in the multifamily sector remains upbeat. The U.S. vacancy rate reached 4.2 percent by the end of the first quarter, the lowest rate of the current cycle. As a result, builders have ramped up the planning pipeline, with completions forecast to rise to 285,000 units, the highest level in more than 20 years. However, new supply is heavily concentrated in a few large metros, reducing the national impact. • Capital markets remain highly competitive, with a broad assortment of fixed-rate products available through commercial banks, life-insurance companies, CMBS and agency lenders. Fannie Mae and Freddie Mac are underwriting loans of 10 years at maximum leverage of 80 percent. Rates will typically reside in the high-3 to low-4 percent range, depending on underwriting criteria. Portfolio lenders will also price in this vicinity but will typically require loan-to-value ratios closer to 65 to 75 percent. Floating bridge loans and financing for repositionings are typically underwritten with LTVs above 80 percent, while pricing at 300 basis points above Libor for recourse deals and extending to 450 basis points above Libor for non-recourse transactions.

Local Highlights • Nearly a dozen multifamily projects are under construction in the downtown area. These projects will bring 3,700 apartments to Miami, on top of the more than 1,500 units delivered in the last year. Many of the developments will comprise luxury units, consistent with an area that is able to command a monthly rent of $2,100 for Class A apartments. Prepared and edited by

Michael Murphy

Research Associate | Research Services For information on national apartment trends, contact:

John Chang

First Vice President | Research Services Tel: (602) 687-6700 john.chang@marcusmillichap.com

• The two largest deliveries this year occurred in the second quarter. The Melody Tower and the Monarc at Met3 are located in downtown Miami near public transit and include ground-floor retail. The Melody Tower comes in at 497 units while Monarc at Met3 comprises 462 apartments. The largest project under construction to be finished during the second half of the year is the 431-unit Joya in south Miami. Completion is scheduled in the third quarter.

NAIOP | Market Research

5201 Blue Lagoon Drive Suite 100 Miami, Florida 33126

By WILLIAM E. HUGHES, Senior Vice President, Marcus & Millichap Capital Corporation

• Micro units that will be no larger than 400 square feet got the green light in downtown Miami. In the 49-story tower, 328 units will be marketed to the younger generation as a cost-efficient alternative to high-priced rentals elsewhere. Micro units would compose half of the property while the other half would be one- and two-bedroom rentals as well as top-floor penthouses. The development will also include 23,000 square feet of amenities and no parking.

Price: $250 © Marcus & Millichap 2016 | www.MarcusMillichap.com

The information contained in this report was obtained from sources deemed to be reliable. Every effort was made to obtain accurate and complete information; however, no representation, warranty or guarantee, express or implied, may be made as to the accuracy or reliability of the information contained herein. Note: Metro-level employment growth is calculated based on the last month of the quarter/year. Sales data includes transactions valued at $1,000,000 and greater unless otherwise noted. Sources: Marcus & Millichap Research Services; Bureau of Labor Statistics; CoStar Group, Inc.; Moody’s Analytics; National Association of Realtors; Real Capital Analytics; MPF Research; TWR/Dodge Pipeline; U.S. Census Bureau.

82


Retail Research Market Report

Third Quarter 2016

Miami-Dade County

NAIOP | Market Research

Vibrant Opportunities in Greater Miami Retail Market The average retail rent is reaching a new high as household and visitor expansion form positive headwinds. Strengthening employment along with robust residential growth and increases to overnight visitation will continue to support retail expansion in Miami-Dade. Travelers to the greater downtown area account for more than half of retail sales, aiding in revenue per square foot of $500 annually for retailers in this area and drawing more businesses to establish a footprint. As a result of strong performance, retail construction is at its highest level since the recession with the primary focus in Brickell followed by the greater downtown area. Much of the new space is in the form of mixed-use developments, allowing residents to choose to live and work near necessity and entertainment

Strong leasing demand drawing more investors to the metro. Investor interest for retail assets in Miami-Dade County remains robust, driving buyers to properties with compressed cap rates and strong appreciation potential. Initial yields continue to trend downward as pricing remains on the rise, pulling cap rates for single-tenant space to the low-5 percent territory while multi-tenant

space averaged a first-year yield only slightly higher in the mid-5 percent range. Assets that are in the hotter shopping districts of Lincoln Road and the Design District trade at even lower levels, with cap rates that average closer to 4 percent. As more projects come to completion, investors will find greater opportunities to deploy capital into local retail, especially in the areas that are prime for redevelopment along Flagler Street and the areas surrounding major mixed-use properties such as the east Little Havana neighborhood. Buyers in the $1 million to $10 million range will be able to find a good supply of properties in Miami proper and Miami Beach where net-lease assets remain a favorable buy.

2016 Retail Forecast 2.1% increase in total employment

1.4 million sq. ft.

Employment: Following the creation of 22,600 jobs last year, when growth was led by the education and health services sector, employment will expand 2.1 percent this year as 23,700 positions are generated.

Construction:

will be completed

This year developers will complete 1.4 million square feet of retail space in Miami-Dade County, a substantial increase from the 1.0 million square feet added last year. The majority of development will be placed in Greater Downtown Miami in the form of mixed-use projects.

20 basis point

Vacancy:

decrease in vacancy

Strong demand for retail space will push vacancy down 20 basis points to 3.3 percent at the end of this year even as completions are at post-crisis highs. Last year the amount of dark space in Miami was reduced by 30 basis points.

1.2% increase

Rents:

in asking rents

83

venues. The recent rise of urbanism can be found countywide, east to Cityplace Doral and north to Sole Mia. Hotels are also a part of the mix, increasing the room count for the many South Florida vacationers who shop, dine and entertain in the area. Across the metro, boosts to retail sales, along with new quality space, will grow rent and compress vacancy this year.

Tightening vacancy will grow average asking rent 1.2 percent this year to $31.52 per square foot, a slower pace from the 5.2 percent growth realized in the last fiscal year.


Retail Research | Market Report

Economy • In the first six months of the year 11,400 workers were added to payrolls Asking Rent Trends countywide, bringing year-over-year employment growth to 19,300 jobs, a Metro United States 1.7 percent increase. The unemployment rate has fallen to 5.3 percent, down 12% 80 basis points year over year from June 2015.

Employment Trends Metro

United States

Year-over-Year Change

Year-over-Year Change

4%

6% • The greatest contributor to new jobs in the last four quarters was the professional and business services sector, which created 5,500 positions. The 0% construction sector added 5,300 workers over the last year, a 13 percent boost to employment, largely led by new development in the retail and resi-6% dential markets.

3% 2% 1% 0% 12

13

14

15

16*

• The-12% Marriott Marquis Miami Worldcenter, which will break ground next year, is 14 15 16* at least 11 hotels opened projected12to create131,325 permanent jobs. In 2015 across the county, with the majority in Miami Beach.

Outlook: After 22,600 workers were added to payrolls in 2015, employment is expected to grow 2.1 percent with the creation of 23,700 positions countywide.

2.0 1.5

Average Price per Square Foot

Square Feet Completed (millions)

• At midyear developers completed 250,000 square feet of retail space, bringing the total amount of space added to the market in the last 12 months to $500 500,000 square feet. During the prior 12-month period 1.7 million square feet was $465 finalized. • Development in the first half of the year was concentrated in the Medley/ $430 Hialeah submarket with nearly 65,000 retail square feet. The largest project finished in this time frame was a 44,000-square-foot Hobby Lobby located $395 near Westland Mall.

1.0 0.5 0

12

13

14

15

16*

• More$360 than 2 million square feet of retail are under construction across Mi12 13 14 15 16** ami-Dade County with completions dates extending out to 2018. The three largest projects to be brought to market in the next two years are Brickell City Centre, Miami Worldcenter and CityPlace Doral, with a combined total of 1.25 million square feet.

Outlook: At the end of 2016, builders will finish nearly 1.4 million square feet,

well above the five-year average. Much of the new space, large-scale shopping centers as a part of mixed-use properties, will open over the next two years. Multi-Tenant Sales Trends

Vacancy Rate Trends United States

Vacancy $400 Average Price per Square Foot

Metro 12% Vacancy Rate

NAIOP | Market Research

Construction Single-Tenant Sales Trends

Retail Completions

• At the$365 end of the second quarter, positive net absorption of 800,000 square feet pushed down vacancy 30 basis points year over year to 3.4 percent. Strong$330 pre-leasing of newly completed space has contributed to this drop.

9% 6% 3% 0% 12

13

* Forecast Source: CoStar Group, Inc.

14

15

16*

• Retailers showed a penchant for space in the Medley/Hialeah and Kendall $295 submarkets, which each had approximately 150,000 square feet absorbed. Though each submarket ended June with 2.5 percent vacancy, in Medley/ $260 Hialeah vacancy rose the addition of 198,000 square 12 13 40 basis 14 points 15 with16** feet while Kendall realized a 90-basis-point drop after no new deliveries in this time span. • The market’s multi-tenant retail lowered vacancy 30 basis points over the year to 3.1 percent. Last year vacancy fell 50 basis points.

Outlook: After a 30-basis-point drop in the last calendar year, overall aver-

age retail vacancy will maintain a downward trend of another 20 basis points to end 2016 at 3.3 percent.

84


Market Report | Retail Research

Rents

• The majority of submarkets3%registered average rent growth ranging from $23.74 per square foot in the Miami Lakes submarket to $40.64 per square 2% foot in the Biscayne Corridor. • Submarkets that contain more 1% upscale shopping such as Lincoln Road Mall in Miami Beach and the Design District in the city of Miami, which pull in a greater revenue per square 0% foot, are able to charge a higher asking rent. In 12 second 13 quarter14 16* foot Miami Beach retail rent ended the at $62.2115per square while the Design District had an average rent of $97.19 per square foot.

Asking Rent Trends Metro Year-over-Year Change

Year-over-Year Change

• In the second quarter of 2016 average asking rent ticked up 0.1 percent from Employment Trends one year earlier to $31.21. At the same time last year, asking rent improved Metro States will continue to 9.1 percent. Strong net absorption and tighteningUnited vacancy 4% support rent growth.

United States

12% 6% 0% -6% -12% 12

13

14

15

16*

Outlook: Last year, rent rose 5.2 percent. In 2016, the average asking rent

Single-Tenant Sales Trends** Retail Completions

• On a per square foot basis the average price for single-tenant assets inched 1.0 months to $456. Valuation increases were led up 1 percent during the last 12 primarily by storefront properties in Miami proper that transacted at $2,000 0.5 per square foot and Miami Beach, which traded at $1,700 per square foot. 0 • On average, cap rates held stable at 5.3 percent over the past 12 months 13 14 15 16* as asset values remained relatively 12 unchanged during this time. Miami Beach properties traded in the low-3 to high-4 percent range while some assets in the city of Miami that sold between $1 million and $3.5 million realized an average first-year yield in mid-5 to mid-7 percent territory.

Single-Tenant Sales Trends Average Price per Square Foot

• After surging 42 percent from June 2014 to June 2015, accounting for one of the most active trading periods, deal flow fell back to more normalized 2.0 levels the past 12 months. While transaction velocity dropped 36 percent, it remained above the five-year1.5average. Square Feet Completed (millions)

NAIOP | Market Research

will grow but at a slower pace of 1.2 percent to $31.52 per square foot.

$500 $465 $430 $395 $360

13

14

15

16**

Outlook: An influx of new quality assets will stir excitement among buyers, potentially generating a good amount of sales and placing upward pressure on pricing.

Vacancy Rate Trends

Multi-Tenant Sales12%Trends**

Multi-Tenant Sales Trends

United States

Vacancy Rate

• Deal flow of multi-tenant assets over the last 12 months ending in June was 9% period. Buyer activity was widespread with on par with the previous annual the area of Kendall accounting for the most transactions for the second con6% secutive year. 3% • In this time frame, prices climbed 8 percent from the previous period, reaching a high of $387 per square foot. City of Miami properties observed a $535 price per square foot, a 200% percent appreciation from June 2015,16* pushed 12 13 14 15 higher by grocery-anchored centers and open-air shopping villages.

• Average first-year yields fell 20 basis points to reach 5.5 percent at the end of June. Neighborhood centers in the suburbs of the county averaged an initial yield in mid-6 to mid-7 percent territory.

Outlook: Sales will remain steady through the year with the outlying areas of the metro such as Kendall drawing greater attention.

Average Price per Square Foot

Metro

85

12

$400 $365 $330 $295 $260

12

13

14

15

16**

* Forecast ** Trailing 12-month period through 2Q Source: CoStar Group, Inc.


Retail Research | Market Report

Capital Markets By WILLIAM E. HUGHES, Senior Vice President | Marcus & Millichap Capital Corporation

National Retail Group Visit www.NationalRetailGroup.com

Bill Rose

First Vice President, National Director National Retail Group Tel: (858) 373-3100 bill.rose@marcusmillichap.com

Miami Office: Kirk A. Felici

5201 Blue Lagoon Drive Suite 100 Miami, Florida 33126

• As the current economic cycle has continued, retail vacancy descended to 5.8 percent by the end of the second quarter. A focus on net-leased construction for pre-leased tenants and mixed-use developments has limited development activity in relation to prior cycles, supporting robust increases in average asking rents. Builders will deliver 46 million square feet of retail space this year, with more than two-thirds of new supply slated as single-tenant structures. This environment will sponsor a fourth straight year of average asking rent growth, with advancement projected to exceed inflation over the same period. • Capital markets remain highly competitive, with a broad assortment of fixedrate products available through commercial banks, life-insurance companies and CMBS lenders. Loans are generally offered at terms up to 10 years at maximum leverage of 65 to 75 percent. For 10-year terms, rates will typically reside in the high-3 to mid-4 percent range, depending on leverage and underwriting criteria. Floating bridge loans and financing for repositionings are typically underwritten with LTVs above 80 percent, while pricing at 300 basis points above Libor for recourse deals and extending to 470 basis points above Libor for non-recourse transactions.

Local Highlights

Prepared and edited by

Michael Murphy

Research Associate | Research Services For information on national retail trends, contact:

John Chang

First Vice President | Research Services Tel: (602) 687-6700 john.chang@marcusmillichap.com

Price: $250 © Marcus & Millichap 2016 | www.MarcusMillichap.com

• As the largest urban master-planned community in Florida and one of the largest in the country, Miami Worldcenter broke ground in March and plans to complete 450,000 retail square feet next year. Centrally located in downtown Miami, the entire project, which consists of residences, restaurants, office space, parks and nightlife, will be fully complete in 2018. After recently abandoning plans for an enclosed mall, the retail component of the project will now be an outdoor pedestrian-oriented streetscape with one- and two-story stores.

NAIOP | Market Research

First Vice President, Regional Manager Tel: (786) 522-7000 kirk.felici@marcusmillichap.com

• Global capital markets have remained stable over the past few weeks, even as Brexit and the continued devaluation of the Chinese yuan have induced bouts of volatility into stock and bond markets. Meanwhile, U.S. economic data has proved resilient, with increases in retail sales and steady hiring supporting a measured pace of growth. Additionally, higher bond prices have lowered prospective yields, boosting the appeal of commercial real estate.

• Opening by the end of this year will be the retail segment of Brickell City Centre, which will add 505,000 square feet of open-air shopping to Miami. Luxury retailers will be located on the first level with premium offerings on the second and third floors, anchored by Saks Fifth Avenue and Cinemex. Along with shopping, this mixed-use project just delivered two office towers while a hotel and two condo buildings are still under construction. • Recently topped off east of Miami is CityPlace Doral, bringing 300,000 square feet of retail with office space and 300 rentals. The retail portion will finish this year and has signed many future tenants for the roughly 30 storefronts, as well as upscale grocer the Fresh Market.

The information contained in this report was obtained from sources deemed to be reliable. Every effort was made to obtain accurate and complete information; however, no representation, warranty or guarantee, express or implied, may be made as to the accuracy or reliability of the information contained herein. Note: Metro-level employment growth is calculated using seasonally adjusted quarterly averages. Sales data includes transactions valued at $1,000,000 and greater unless otherwise noted. Triple-net rents are used. Sources: Marcus & Millichap Research Services; Bureau of Labor Statistics; CoStar Group, Inc.; Moody Analytics; Real Capital Analytics; TWR/Dodge Pipeline; U.S. Census Bureau, MiamiDDA.

86


Research & Forecast Report

MIAMI-DADE COUNTY | OFFICE Third Quarter 2016

NAIOP | Market Research

Miami-Dade’s Fast-Paced Office Market Begins to Brake for Normalization Executive Summary The office market in Miami-Dade County remained strong during the third quarter, as results reflect lower vacancy and higher asking rates. Florida and Miami-Dade’s economy demonstrate robust employment with continued leasing activity throughout the region. As the market continues to normalize, positive absorption is expected through 2016, but at a slower rate than previously observed.

Q3 2016 Office Market

10.6%

Change From Q2 2016

-0.4%

(Percent)

Absorption

Investor demand for office product has slowed down during the third quarter. Value-add properties are in demand with a mix of investors at the local and international level.

Under Construction

Market Highlights

> The Aventura, Miami Beach and West Miami submarkets continue to have the highest occupancy rates of 95.7 percent, 94.6 percent, and 98.4 percent, respectively. > Southeast Financial Center, the 1,225,000-square-foot office building, is currently under contract. As one of the prime assets in the CBD, it is expected to be one of the largest office sales transactions recorded.

261,591

(Square Feet)

New Construction

No large multi-tenant office construction was announced or delivered during the third quarter. An 18,000 square foot office building was delivered in August in the Brickell submarket, which is already 70.6% leased. With rising land and labor costs across the county, few, if any, new office developments are expected to break ground through the remainder of the year.

Miami-Dade, FL

Vacancy Rate

Rental rates continued to increase during the quarter with little to no change in the concessions offered by landlords.

> Miami-Dade’s central business district (CBD) has experienced significant absorption during this quarter, which is reflected in the low vacancy rate and high asking rental rates. Despite the rental rate increases, the submarket will gradually normalize as new product is delivered. The result of negative absorption is not expected to be seen in the remainder of this year, but is expected in 2017.

87

Summary Statistics

18,000

(Square Feet)

1,660,348

(Square Feet)

Asking Rents Per Square Foot Per Year

$47.14

Miami CBD Class A Change From Q2 2016

+1.7%

Suburban Class A

$34.97 +1.0%

Change From Q2 2016

Data Note: Colliers tracks all office buildings 10,000+ SF.

Market Indicators Relative to Prior Period

Q3 2016

Q4 2016*

VACANCY NET ABSORPTION CONSTRUCTION OVERALL RENTAL RATE CLASS A RENTAL RATE Note: Construction is the change in Under Construction. *Projected


Vacancy and Absorption

Net Absorption SF Total

400 300

10%

200

8% 6%

100

4% 0

2%

> LogistiCare signed a new lease at The 5875 Building for 18,000 square foot in Miami Lakes. > Center for Family and Children Services signed a new lease at the Washington Square building for 17,794 square feet in Miami Gardens.

2

Square Feet (In Thousands)

14%

-100

0% Q3 '15

Q4 '15

Q1 '16

Q2 '16

Q3 '16

Vacancy levels decelerating Miami-Dade’s vacancy rates are declining at a slower pace. Total vacancy has fallen 40 basis points since Q2 2016.

Source: Colliers International, CoStar

Unemployment Trends Florida

Miami-Ft Lauderdale-West Palm Beach MSA

USA

12 10 8 6 4 2

Jul-16

Jan-16

Jul-15

Jan-15

Jul-14

Jan-14

Jul-13

Jan-13

Jul-12

Jan-12

Jan-11

0

NAIOP | Market Research

Other notable leases of this quarter include:

Overall Vacancy 500

Leasing Activity

Although leasing activity was slower than in previous periods, the two largest leases signed this quarter are among the top 5 largest deals year-to-date. WeWork’s 64,572-square-foot lease at Brickell City Center is the largest lease year-to-date. Lufthansa’s 31,000-square-foot lease at The 5875 Building in Miami Lakes is the fourth largest lease.

Class A Vacancy

12%

The highest vacancy rate recorded this quarter was the Miami Lakes submarket, with over 20 percent vacancy and over 3.2 million square feet vacant. Despite the positive absorption of 30,716 square feet of Class B office space, Miami Lakes did not occupy any of its vacant Class A office space. With an additional 61,906 square feet of Class A office space under construction, landlords will begin to feel the pressure of leasing their vacant spaces.

The leasing rates continued to rise across the county during the third quarter. Rental rates averaged $40.72 per square foot for Class A space and $28.06 per square foot for Class B and C space. The highest asking rates continue to be in the Brickell submarket, which quoted $49.94 per square foot, followed by the Aventura submarket that quotes an average $46.74 per square foot. Approximately half of all the submarkets in Miami-Dade County are quoting $35 per square foot or more for Class A office space. However, only six submarkets have exceeded the $40 per square foot average in asking rents, namely Aventura, Biscayne Corridor, Brickell, Coral Gables, Downtown Miami, and Miami Beach.

Deliveries SF

16%

Jul-11

The Miami CBD has been particularly active this quarter with a total decrease of 1.5 percent in Class A vacancy. Notably, the Downtown Miami submarket absorbed more than 3 times the amount of Class A space than the Brickell submarket during the quarter. Other notable submarkets include Aventura, Miami Beach, and West Miami, which have the highest occupancy rates of 95.7 percent, 94.6 percent, and 98.4 percent, respectively.

Completions, Absorption and Vacancy Rates

Vacancy

As Miami-Dade’s office market normalizes, vacancy rates are declining at a slower pace. There was a 40 basis point decrease this quarter, driven by the positive absorption of Class A product across the county. However, the market is not as active as FY 2015 where a steady 50 basis points decrease in vacancy was observed each quarter. Although there is more than 9.6 million square feet vacant at the end of the third quarter, the current vacancy rate of 10.6 percent is the lowest rate since 2008. The total volume of vacant space attributes 247,771 square feet of sublet space.

The Miami-Ft Lauderdale-West Palm Beach MSA unemployment rate posted 5.1 percent* in August 2016, representing a 0.1 percent decrease from January 2016. The State of Florida rate posted 4.7 percent* unemployment for August 2016, slightly below the national average. *preliminary Source: US Bureau of Labor Statistics

South Florida Research & Forecast Report | Q3 2016 | Office | Colliers International 88


SUBMARKET BREAKDOWN Prop. Type

Bldgs.

Total Inventory Direct Vac. SF

%

Total Vac. %

Net Absorp.

Net Absorp.

Current Qtr. SF

YTD SF

New

Under

Completions

Construc.

SF

SF

Avg. Direct Asking Rate Full Service

Aventura A

11

1,008,394

6.7%

7.0%

-216

-12,840

0

224,689

$46.74

B,C

28

1,159,688

1.8%

2.0%

5,831

5,863

0

54,832

$37.99

Overall

39

2,168,082

4.1%

4.3%

5,615

-5,998

0

279,521

$42.45

Biscayne Corridor A

3

699,000

26.9%

26.9%

12,300

17,800

0

0

$41.00

B,C

48

1,894,989

8.4%

8.4%

9,766

12,290

0

0

$32.62

Overall

51

2,593,989

13.4%

13.4%

22,066

30,090

0

0

$36.50

$49.94

NAIOP | Market Research

Brickell A

15

4,932,565

11.9%

13.0%

18,796

199,542

0

100,000

B,C

31

3,077,502

15.1%

17.3%

-28,411

-101,484

18,000

30,000

$36.80

Overall

46

8,010,067

13.1%

14.6%

-9,615

96,822

18,000

130,000

$44.41

Coconut Grove A

4

547,332

7.2%

10.1%

-6,980

-3,608

0

115,920

$38.72

B,C

31

1,274,712

5.7%

5.7%

13,262

-7,543

0

15,670

$35.14

Overall

35

1,822,044

6.1%

7.0%

6,282

-11,151

0

131,590

$37.34

$40.79

Coral Gables A

30

4,478,641

12.0%

12.2%

10,811

-42,503

0

116,825

B,C

143

5,113,559

6.9%

7.0%

-2,071

-79

0

0

$33.47

Overall

173

9,592,200

9.3%

9.4%

8,740

-42,582

0

116,825

$37.66

Coral Way A

1

84,248

0.0%

0.0%

0

0

0

0

-

B,C

61

1,683,804

2.7%

2.7%

10,703

-864

0

0

$27.59

Overall

62

1,768,052

2.5%

2.6%

10,703

-864

0

0

$27.59

$44.33

Downtown Miami A

10

5,247,388

17.4%

17.8%

61,997

-82,524

0

310,648

B,C

61

6,395,851

15.7%

15.7%

12,008

38,008

0

0

$29.51

Overall

71

11,643,239

16.5%

16.6%

74,005

-44,516

0

310,648

$37.48

Kendall A

15

1,757,858

18.1%

18.5%

27,546

-10,097

0

0

$37.51

B,C

269

8,842,332

7.2%

7.4%

55,982

-63,646

0

110,614

$27.77

Overall

284

10,600,190

9.0%

9.2%

83,528

-73,743

0

110,614

$30.33

Medley Hialeah A

6

786,962

17.1%

19.4%

-12,494

-6,157

0

0

$26.42

B,C

81

2,798,705

6.6%

6.6%

817

-41,802

0

20,000

$24.76

Overall

87

3,585,667

8.9%

9.4%

-11,677

-47,959

0

20,000

$25.47

$33.27

Miami Airport A

36

5,333,592

8.4%

8.7%

-21,916

-69,931

0

302,492

B,C

224

12,798,406

8.9%

8.9%

-70,998

89,129

0

0

$25.83

Overall

260

18,131,998

8.8%

8.9%

-92,914

19,198

0

302,492

$28.35

Miami Beach A

7

873,925

3.5%

5.3%

6,074

-12,527

0

0

$43.03

B,C

80

3,286,859

5.4%

5.4%

23,689

103,987

0

0

$37.36

Overall

87

4,160,784

5.0%

5.4%

29,763

91,460

0

0

$38.87

3

89

South Florida Research & Forecast Report | Q3 2016 | Office | Colliers International


SUBMARKET BREAKDOWN Prop. Type

Bldgs.

Total Inventory Direct Vac. SF

%

Total Vac. %

New

Under

YTD SF

Completions SF

Construc. SF

Net Absorp.

Net Absorp.

Current Qtr. SF

Avg. Direct Asking Rate Full Service

Miami Lakes A

7

417,048

22.6%

22.6%

8,678

16,293

0

0

$27.33

B,C

86

2,849,970

20.1%

20.1%

-11,909

10,574

0

20,640

$22.26

Overall

93

3,267,018

20.5%

20.5%

-3,231

26,867

0

20,640

$23.10

Miami Market A

9

1,115,197

11.2%

11.2%

0

5,847

0

61,906

$30.75

B,C

126

4,059,157

5.4%

5.5%

30,716

23,122

0

66,365

$29.87

Overall

135

5,174,354

6.7%

6.7%

30,716

28,969

0

128,271

$29.94

Northeast Dade A

2

188,750

11.80%

11.80%

31,820

38,032

0

58,747

$31.79

B,C

160

4,953,997

13.90%

13.90%

39,084

36,496

0

23,000

$22.82

Overall

162

5,142,747

13.80%

13.80%

70,904

74,528

0

81,747

$23.36

A

0

0

0.0%

0.0%

0

0

0

0

-

B,C

3

161,500

0.00%

0.00%

0

0

0

0

-

Overall

3

161,500

0.00%

0.00%

0

0

0

0

-

South Dade A

0

0

0.0%

0.0%

0

0

0

0

-

B,C

46

1,726,361

8.3%

8.3%

22,192

14,213

0

28,000

$22.01

Overall

46

1,726,361

8.3%

8.3%

22,192

14,213

0

28,000

$22.01

West Miami A

1

46,118

0.0%

0.0%

0

0

0

0

$23.00

B,C

55

1,185,646

1.7%

1.7%

-1,207

13,613

0

0

$21.68

Overall

56

1,231,764

1.6%

1.6%

-1,207

13,613

0

0

$21.74

New Completions

Under Construc.

Overall Avg. Class A Avg. Direct Asking Direct Asking

MIAMI-DADE OVERALL MARKET Total Inventory Direct Vac. Net Absorp. Total Vac. % SF % Current Qtr. SF

Net Absorp. YTD SF

Qtr. & Year

Bldgs.

SF

SF

Rate FS

Rate FS

2016 Q3

1,702

91,070,745

10.3%

10.6%

261,591

183,689

18,000

1,660,348

$32.92

$40.72

2016 Q2

1,705

91,158,913

10.8%

11.0%

26,288

-77,902

160,136

1,554,601

$32.23

$40.16

2016 Q1

1,703

90,998,777

10.6%

10.9%

-104,190

-104,190

307,832

1,152,084

$31.75

$40.19

2015 Q4

1,703

90,781,845

10.4%

10.5%

353,202

1,237,814

24,299

1,368,268

$31.25

$39.60

2015 Q3

1,704

90,867,761

10.8%

11.0%

426,295

884,612

60,000

1,223,305

$30.97

$39.28

NAIOP | Market Research

Outlying Dade

SALES ACTIVITY BUYER NAME

SIZE (SF)

SALES PRICE

SUBMARKET

9100 S Dadeland Blvd

PROPERTY ADDRESS

CLASS

A

ABS Partners Real Estate LLC

256,368

$150,000,000 ($316.49)

Kendall

8750 NW 36th St

A

Rialto Capital Management LLC

140,600

$56,250,000 ($361.74)

Miami Airport

1674 and 1688 Meridian Ave

B

Ivy MBT Property, LLC

112,964

$48,750,000 ($431.55)

Miami Beach

LEASING ACTIVITY TENANT NAME

SIZE (SF)

LEASE TYPE

SUBMARKET

78 SW 7th St

PROPERTY ADDRESS

A

WeWork

64,572

New

Brickell

5875 NW 163rd St

B

Lufthansa

31,000

New

Miami Lakes

4

CLASS

South Florida Research & Forecast Report | Q3 2016 | Office | Colliers International

90


Investment Sales

New Construction

Investor demand for office product slowed down during the third quarter. Value-add properties are in demand with a mix of investors at the local and international level. The Southeast Financial Center is currently under contract. As one of the prime assets in the CBD, the Southeast Financial Center is expected to be one of the largest office sales trasanctions recorded.

No large multi-tenant office construction was announced or delivered during the third quarter. An 18,000 square foot office building was delivered in August in the Brickell submarket. Located at 54 SW 6th Street, this new Class B office building is already 70.6% leased. With rising land and labor costs across the county, few, if any, new office developments are expected to break ground through the remainder of the year.

> East End Capital, a New York fund, purchased New World Tower in the Downtown Miami submarket from Witkoff for $84 million, or $309 per square foot. The 30-story, 324,407 square foot building was constructed in 1966, renovated in 2012, and is 85.3 percent occupied.

NAIOP | Market Research

> 1674 and 1688 Meridian Avenue were sold by the joint venture of Terranova, MadisonMarquette and BlackRock Realty to Ivy Realty for $48.76 million, or $406 per square foot. The Class A, two-building office portfolio totaled 120,000 square feet at just 69 percent occupancy at the time of sale. > Hines sold Doral Corporate Center I for $48.75 million, or $176 per square foot. The 140,600-square-foot, Class A property is located in the Miami Airport submarket and is 79.4 percent leased.

554 offices in 66 countries on 6 continents United States: 153 Canada: 34 Latin America: 24 Asia Pacific: 231 EMEA: 112

CONTRIBUTORS Kenneth Krasnow

Verity Mosquera, MBA

Thania Potosme, MBA

Executive Managing Director & Market Leader | South Florida kenneth.krasnow@colliers.com

Research & Consulting Manager South Florida verity.mosquera@colliers.com

Research Analyst South Florida thania.potosme@colliers.com

$2.5 billion in annual revenue 2.0 billion square feet under management 16,000 professionals and staff

Updated May 2012

Copyright Š 2016 Colliers International. The information contained herein has been obtained from sources deemed reliable. While every reasonable effort has been made to ensure its accuracy, we cannot guarantee it. No responsibility is assumed for any inaccuracies. Readers are encouraged to consult their professional advisors prior to acting on any of the material contained in this report.

5

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Colliers International South Florida, LLC 801 Brickell Avenue, Suite 850 Miami, FL 33131 colliers.com/southflorida

North American Research & Forecast Report | Q4 2014 | Office Market Outlook | Colliers International


2016 MIAMI DADE BUS TOUR ITINERARY 2016

Name of Project/Building

Sponsoring Firm

1

Registration

Downtown Doral

Downtown Doral

2

Walk Through

Westside Plaza I

State Street

3

Drive By

The Office Park at MICC

Adler Realty Services

4

Stop

PS Business Parks

PS Business Parks

5

Breakfast

South Florida Logistics Center

Flagler Global Logistics

6

Drive By

Prologis Beacon at 97th-300

Prologis

7

Stop

Prologis Beacon Lakes 27

Prologis

8

Drive By

Waterford Ivy

CBRE

9

Stop

5835 Blue Lagoon

Blanca Commercial Real Estate, Inc

10

Drive Through

Waterford Atrium

Cushman & Wakefield

11

Stop

800 Waterford

The Hogan Group

12

Drive By

355 Alhambra

Cushman & Wakefield

13

Drive By

2020 Ponce

Avison Young

14

Drive By

Douglas Entrance

CBRE

15

Drive By

BAC Colonnade

Cushman & Wakefield

16

Lunch

Bacardi Building

CBRE

17

Walk Through

1111 Brickell

Blanca Commercial Real Estate, Inc

18

Drive By

Wells Fargo Center

Cushman & Wakefield

19

Stop

Citigroup Center

Tower Commercial Real Estate

20

Drive By

One Biscayne Tower

Cushman & Wakefield

21

Stop

Suntrust International Center

Tower Commercial Real Estate

22

Walk Through

444 Brickell

Blanca Commercial Real Estate, Inc

23

Walk Through

Brickell City Center

Swire Properties

24

Drive By

Miami Lakes Town Center Office

The Graham Companies

25

Walk Through

Centergate II

Fairchild Partners

26

Drive By

Countyline Corporate Park

Flagler Global Logistics

27

Drive By

Bridge Pointe Crossroads East

Bridge Development Partners

28

Drive Through

Miami International Tradeport

Liberty Property Trust

29

Drive Through

Flagler Station Phase I & II

Flagler

30

Drive By

Airport North Logistics Park

Cushman & Wakefield

31

Cocktail Party

Downtown Doral

Downtown Doral

NAIOP | Properties Itinerary

Type

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“The Many Facets of Miami Dade” Thursday November 3, 2016

NAIOP | Property Ads & Facts

Project Name Downtown Doral Project Address 8500 N.W. 52nd Street City / Zip Doral, Florida 33166 Building Information

Owner / Developer Type (office, Warehouse, etc.) Status (New, Completed, Renovated) Year Build / Completion Date Number of Buildings Building Size (s) Number of Floors Floor Size Parking Ratio Minimum Available Maximum Contiguous Total Available Rental Rate / Operating Expense

Land Information

Codina Partners Retail, Office, Residential New & Renovated Various Various Office: Six existing, one being planned Various Varies Varies 4/1,000 Office: 1,200 RSF Office: +/- 25,000 Varies

Owner / Developer Codina Partners Type (Land for Sale, Build-to-Suit) Mixed-use community Total Acres 120 Zoning Site Size Price Management Contact Information Property Cushman & Wakefield Contact Company 8350 N.W. 52nd Terrace, Suite 102 Doral FL 33166 Address (305) 592-0681 Phone Monique.Bardino@Cushwake.com e-mail

Additional Information

Office Leasing Fairchild Partners (305) 668-0620

NAIOP SOUTH FLORIDA CHAPTER 1500 W Cypress Creek Rd, Ste 420, Ft. Lauderdale, FL 33309 Phone: (954) 990-5116 E-mail only to: naiop.info@naiopsfl.org

93


Suite 302 7,900 RSF Downtown Doral 8333 NW 53rd Street Doral, FL 33166

Jose I. Juncadella, SIOR

jjuncadella@fairchildpartners.com

F. Antonio Puente, CCIM

tpuente@fairchildpartners.com

305.668.0620 Downtown Doral Offices

Description Double entrance directly from elevator lobby, large reception area with additional space for a showroom, large conference room, meeting room, six (6) private offices, server/ storage room, lounge/kitchen and large open staff area on the window line. Plenty of natural light with excellent view of the office campus, recreational areas and Main Street.

Floor Plan

Occupancy Lease Term Parking Amenities

1st Quarter 2017 5-7 Years Free parking at 4/1,000 RSF

Deli & Fitness Center Conference/Media Center Multiple conference rooms Comcast, AT&T and other internet providers Wi-Fi in public areas Car wash & detailing Automobile oil change Doral Trolley stop Route 2 - free service Walking distance to Doral Government Center Recreational public park with seasonal events

NAIOP | Property Ads & Facts

Five Class A office buildings from which to choose, offering distinctive architecture, environmentally friendly design, elegant finishes, multiple amenities, lush landscaping and award-winning property management. Located at the very center of Downtown Doral within immediate proximity to the City of Doral’s Government Center, enjoying ample parking and superior access to all major expressway arteries and public transportation. Just minutes away from Miami International Airport and adjacent to Trump National Doral Golf Club and the Provident Doral at the Blue Hotel.

Scan QR code at left for online listing We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdraw without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property.

94


Park Place at Downtown Doral 8355 NW 53rd Terrace Doral, FL 33166

Jose I. Juncadella, SIOR

jjuncadella@fairchildpartners.com

F. Antonio Puente, CCIM

tpuente@fairchildpartners.com

305.668.0620

NAIOP | Property Ads & Facts

Downtown Doral Offices

Five Class A office buildings from which to choose, offering distinctive architecture, environmentally friendly design, elegant finishes, multiple amenities, lush landscaping and award-winning property management. Located at the very center of Downtown Doral within immediate proximity to the City of Doral’s Government Center, enjoying ample parking and superior access to all major expressway arteries and public transportation. Just minutes away from Miami International Airport and adjacent to Trump National Doral Golf Club and the Provident Doral at the Blue Hotel.

Park Place at Downtown Doral Description First of its kind. The newest, iconic office building to be built in Doral. A Class A+ state-of-the art, 174,696 SF building for a new generation of technology office users. Highly efficient floor plates and the best views of Downtown Doral. Adjacent to the new Doral Government Center.

Rendering

Building Size 176, 696 RSF Rental Rate $26/ NNN Fall 2018 Delivery Date 5-7 Years Lease Term Parking Free parking at 4/1,000 RSF Amenities Deli & Fitness Center

Scan QR code at left for online listing

Conference/Media Center Multiple conference rooms Comcast, AT&T and other internet providers Wi-Fi in public areas Car wash & detailing Automobile oil change Doral Trolley stop Route 2 - free service Walking distance to Doral Government Center Recreational public park with seasonal events

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdraw without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property.

95


NAIOP | Property Ads & Facts

EXPLORE. ENJOY. LIVE Downtown Doral. Where everything you want in a city is now within reach. Sales by

Sales by

Interiors by

Studios, 1, 2 and 3 Bedroom units starting from $200’s. Sales Center 305.392.5800 www.5350park.com

ORAL REPRESENTATIONS CANNOT BE RELIED UPON AS CORRECTLY STATING THE REPRESENTATIONS OF THE DEVELOPER. FOR CORRECT REPRESENTATIONS, MAKE REFERENCE TO THIS BROCHURE AND TO THE DOCUMENTS REQUIRED BY SECTION 718.503, FLORIDA STATUTES, TO BE FURNISHED BY A DEVELOPER TO A BUYER OR LESSEE. These materials are not intended to be an offer to sell, or solicitation to buy a unit in the condominium. Such an offering shall only be made pursuant to the prospectus (offering circular) for the condominium and no statements should be relied upon unless made in the prospectus or in the applicable purchase agreement. In no event shall any solicitation, offer or sale of a unit in the condominium be made in, or to residents of, any state or country in which such activity would be unlawful. This is not intended to be an offer to sell, or solicitation to buy, condominium units to residents of CT, ID, NY, OR, and PR unless registered or exemptions are available, or in any other jurisdiction where prohibited by law, and your eligibility for purchase will depend upon your state of residency. All images and designs depicted herein are artist’s conceptual renderings, which are based upon preliminary development plans, and are subject to change without notice. All such materials are not to scale and are shown solely for illustrative purposes. Pricing is subject to change without notice. This condominium is being developed by 5350 Park, LLC (“Developer”), which has a limited right to use the trademarked names and logos of Codina Partners pursuant to a license and marketing agreement with Codina Partners. Any and all statements, disclosures and/or representations shall be deemed made by Developer and not by Codina Partners and you agree to look solely to Developer (and not to Codina Partners and/or any of its affiliates) with respect to any and all matters relating to the marketing and/or development of the Condominium and with respect to the sales of units in the Condominium.

Created by INNOVART.US

Developed by

96


97

NAIOP | Property Ads & Facts


NAIOP | Property Ads & Facts

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“The Many Facets of Miami Dade” Thursday November 3, 2016

NAIOP | Property Ads & Facts

Project Name Project Address City / Zip Building Information

Owner / Developer Type (office, Warehouse, etc.) Status (New, Completed, Renovated) Year Build / Completion Date Number of Buildings Building Size (s) Number of Floors Floor Size Parking Ratio Minimum Available Maximum Contiguous Total Available Rental Rate / Operating Expense

Westside Plaza I, II, & III 8400, 8300 and 8200 NW 33rd Street Doral, FL 33122 Prudential Insurance Company of America Office Completed 1996 - 2001 3

WS I - 154,654 sf; WS II - 104,747 sf; WS III - 105,234 sf

4 25,000 sf – 38,000 sf

WS I – 4.5:1,000; WS II – 4:1,000; WS III – 4:1,000 WS I - 1,665 sf; WS II - Fully Leased; WS III - 3,445sf WS I - 7,789 sf; WS II – Fully Leased; WS III 3,445 sf

21,608 sf $26.50 - $26.75 psf

Land Information

Owner / Developer Type (Land for Sale, Build-to-Suit) Total Acres Zoning Site Size Price

Contact Information

Contact Company Address Phone e-mail

Cushman & Wakefield 8200 NW 33rd Street, Suite 107, Doral, FL 33122 305-436-0505 brenda.fonseca@cushwake.com

Additional Information

Realty Leasing Agents State Street th 8369 NW 12 Street, Doral, FL 33126 George Pino, SIOR - gpino@statestreetre.com Ed Lyden – elyden@statestreetre.com

NAIOP SOUTH FLORIDA CHAPTER 1500 W Cypress Creek Rd, Ste 420, Ft. Lauderdale, FL 33309 Phone: (954) 990-5116 E-mail only to: naiop.info@naiopsfl.org

99


Management by Cushman & Wakefield DORAL, FL

Leasing by State Street Realty

FOR LEASE 1,665 - 7,789 RSF PROPERTY Stable Institutional Ownership LEED CERTIFIED EASILY ACCESSIBLE Major Roadways: SR 826 Palmetto Expressway SR 836 Dolphin Expressway, and; Florida’s Turnpike NEARBY AMENITIES Multiple restaurants, hotels, banks, shopping centers, golf courses, etc. AVAILABILITY Immediately

Westside Plaza I, II & III 8400-8300-8200 NW 33rd Street

NAIOP | Property Ads & Facts

Westside Plaza is comprised of three 4-story office buildings: Westside Plaza I, II and III, consisting of 364,635 square feet of Class A office space.

LEASE RATE $26.50 - 26.75 – Full Service

100


WESTSIDE PLAZA I, II & III

8400, 8300 & 8200 NW 33rd Street

AVAILABILITY

NAIOP | Property Ads & Facts

8400 NW 33rd Street

8200 NW 33rd Street

SUITE

RSF

GROSS RENTAL RATE

PARKING

WSI - 104

6,615

$26.50

4.5 per 1,000 RSF

WSI - 401

1,665 – 3,759

$26.75

4.5 per 1,000 RSF

WSI - 404

3,000 – 7,789

$26.50 - 26.75

4.5 per 1,000 RSF

WSIII - 102

3,445

$26.75

4 per 1,000 RSF

FOR LEASING INFORMATION: STATE STREET REALTY www.statestreetre.com George Pino, SIOR, RPA gpino@statestreetre.com 786.402.7387 Ed Lyden elyden@statestreetre.com 305.562.1001

101


WESTSIDE PLAZA I 8400 NW 33rd Street Miami, FL 33122

SUITE 104 6,615 RSF $26.50 / Full Service Ground floor suite with private exterior access Available for Subdivision

AMENITIES - Onsite Property Management - Car Wash & Dry Cleaning Service - Complimentary Wi-Fi in Lobby - Outdoor Seating - On-site Security - Adjacent to CityPlace Doral, offering pedestrianfriendly urban environment shops within walking distance

Penthouse suite with great views Available for Subdivision

FOR LEASING INFORMATION:

NAIOP | Property Ads & Facts

PARKING 4.5 Spaces per 1,000 RSF

SUITE 404 7,789 RSF $26.50 – 26.75 / Full Service

George Pino, SIOR, RPA gpino@statestreetre.com 786.402.7387 Ed Lyden elyden@statestreetre.com 305.562.1001

102


WESTSIDE PLAZA I 8400 NW 33rd Street Miami, FL 33122

SUITE 401 3,759 RSF $26.75 / Full Service

SUITE 401A

1,665 RSF

NAIOP | Property Ads & Facts

Penthouse suite with great views

103

Future Spec Suites 401A & 401B

SUITE 401B

2,094 RSF


WESTSIDE PLAZA III 8200 NW 33rd Street Miami, FL 33122

SUITE 102 3,445 RSF $26.75 / Full Service Ground floor suite with impressive lobby entrance

NAIOP | Property Ads & Facts

PARKING 4 Spaces per 1,000 RSF AMENITIES - Onsite Property Management - Car Wash & Dry Cleaning Service - Complimentary Wi-Fi in Lobby - Outdoor Seating - On-site Security - Adjacent to CityPlace Doral, offering pedestrianfriendly urban environment shops within walking distance

FOR LEASING INFORMATION: George Pino, SIOR, RPA gpino@statestreetre.com 786.402.7387 Ed Lyden elyden@statestreetre.com 305.562.1001

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“The Many Facets of Miami Dade” Thursday November 3, 2016

Project Name The Office Park at MICC Project Address 1200 NW 78th Ave; 7855-8175 NW City / Zip 12th St, Miami FL 33126

NAIOP | Property Ads & Facts

Building Information

Owner / Developer Type (office, Warehouse, etc.) Status (New, Completed, Renovated) Year Build / Completion Date Number of Buildings Building Size (s) Number of Floors Floor Size Parking Ratio Minimum Available Maximum Contiguous Total Available Rental Rate / Operating Expense

Land Information

Adler – AOA Office LLC Office Completed 1978-1982 7 25,400 – 71,00 SF 2-4 10,000 – 18,000 SF 4/1,000 SF 529 SF 18,154 SF – Signage available! $21.50/SF - $24.50/SF

Owner / Developer Type (Land for Sale, Build-to-Suit) Total Acres Zoning Site Size Price

Contact Information

Contact Company Adler Realty Services – Amanda Meza Address 1200 NW 78th Ave, Suite 203, Miami FL 33126 Phone 305-590-1111 e-mail ameza@adlergroup.com

Additional Information

The Office Park at MICC (Miami International Commerce Center) is comprised of seven office buildings, ranging from two to four stories, which also share the 25 Acre park with two restaurants, a health fitness center, and a credit union. Ranging from 529 SF to 18,154 SF, The Office Park at MICC has a variety of sizes and layouts available. Building signage is available for a full floor user at 7955 NW 12th St, Suite 200 – 18,154 SF.

NAIOP SOUTH FLORIDA CHAPTER 1500 W Cypress Creek Rd, Ste 420, Ft. Lauderdale, FL 33309 Phone: (954) 990-5116 E-mail only to: naiop.info@naiopsfl.org

105


1200 NW 78th Avenue | Doral, FL 33126 7855 - 8175 NW 12th Street | Doral, FL 33126

up to 18,000 4/1,000

square foot parking ratio

Immediate

occupancy with great exposure

• On-site leasing and property management • Strong and stable property ownership • Building signage exposure to NW 12th Street • Energy Star labeled, awarded multiple times • Free multi-purpose conference rooms available • Fiber-optic high-speed internet available • Numerous hotels, retail and banking centers nearby opportunities Amanda Meza

O: 305.590.1111 D: 786.235.3332 E: ameza@adlergroup.com

LOC TION

NAIOP | Property Ads & Facts

Available at the

A highly accessible location less than one mile from SR 826, less than three miles from Miami International Airport and only minutes from Florida’s Turnpike.

T: 305.590.1111 | F: 305.590.1636 1200 NW 78th Ave., Suite 203 I Doral, Florida 33126 Adler Realty Services, LLC is a licensed real estate broker in the state of Florida. All information furnished is from sources deemed reliable and is submitted subject to errors, omissions, change of price, change of other terms and conditions, prior sale or withdrawal without notice. No representation is made to the accuracy of any of the information submitted.

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“The Many Facets of Miami Dade” Thursday November 3, 2016

NAIOP | Property Ads & Facts

Project Name PS BUSINESS PARKS Project Address 8000 NW 25 Street, Suite 400 City / Zip Doral, Florida 33122 Building Information

Owner / Developer Type (office, Warehouse, etc.) Status (New, Completed, Renovated) Year Build / Completion Date Number of Buildings Building Size (s) Number of Floors Floor Size Parking Ratio Minimum Available Maximum Contiguous Total Available Rental Rate / Operating Expense

Land Information

PS Business Parks Flex space Renovated 2012 1995 1995 4 suits 45,510 sf 7,646 sf 3 per 1,000 7,646 SF 7,646 SF 7.646 SF

$17.50

Owner / Developer Type (Land for Sale, Build-to-Suit) Total Acres Zoning Site Size Price

Contact Information

Contact Company Carolina Vargas Address 8216 NW 14 Street Phone 305-590-1515 e-mail

Additional Information cvargas@psbusinessparks.com

NAIOP SOUTH FLORIDA CHAPTER 1500 W Cypress Creek Rd, Ste 420, Ft. Lauderdale, FL 33309 Phone: (954) 990-5116 E-mail only to: naiop.info@naiopsfl.org

107


INDUSTRIAL

OFFICE

FLEX

3.5 MILLION SF BUSINESS PARK

SPACE OPTIONS FROM 2,000 TO 150,000 SF

NAIOP | Property Ads & Facts

MIAMI INTERNATIONAL COMMERCE CENTER 8216 NW 14th Street, Doral, FL 33126

www.psbusinessparks.com | T. 305.590.1515

108


“The Many Facets of Miami Dade” Thursday November 3, 2016

NAIOP | Property Ads & Facts

Project Name South Florida Logistics Center Project Address 3200 NW 67th Ave City / Zip Miami, FL 33122 Building Information

Owner / Developer Type (office, Warehouse, etc.) Status (New, Completed, Renovated) Year Build / Completion Date Number of Buildings Building Size (s) Number of Floors Floor Size Parking Ratio Minimum Available Maximum Contiguous Total Available Rental Rate / Operating Expense

Land Information

JP Morgan/Flagler Global Logistics Warehouse New, under construction and planned 2013-2016 2013-2016 9 111,000 – 273,000 SF 1 111,000 – 273,000 SF 1:1,000 8,395 SF 162,000 SF 162,000 SF $8.94 NNN + $2.20 OPEX

Owner / Developer Type (Land for Sale, Build-to-Suit) Total Acres Zoning Site Size Price

Contact Information

Chris Sutton/Andrew Lehrer/Andrea Montejo Contact Company 10505 NW 112th Ave, Suite 14, Miami, 33178 Address 305.520.2114 Phone Andrew.lehrer@flagler.com e-mail

Additional Information

NAIOP SOUTH FLORIDA CHAPTER 1500 W Cypress Creek Rd, Ste 420, Ft. Lauderdale, FL 33309 Phone: (954) 990-5116 E-mail only to: naiop.info@naiopsfl.org

109


SFLC BUILDING 6 3200 NW 67TH AVENUE, MIAMI, FL 33166 NEW CLASS “A” DISTRIBUTION WAREHOUSE FOR LEASE 162,088 SF DIVISIBLE TO 8,395 SF

NW 36TH ST

SFLC Entrance

NAIOP | Property Ads & Facts

BUILDING 6

CLASS “A” DISTRIBUTION WAREHOUSE FOR LEASE Located adjacent to the Miami International Airport with unparalleled access to South Florida’s busiest air and sea ports, the South Florida Logistics Center is a unique 200-acre logistics complex that serves as a true intermodal transfer point for goods moving through South Florida by all modes of transportation—railroad, highway, ocean, and air. Building 6 is located just off NW 36th Street, in South Florida Logistics Center Phase One, a new industrial park with more than one million square feet of state-of-the-art warehouse and distribution space.

110


SOUTH FLORIDA LOGISTICS CENTER FEATURES

NAIOP | Property Ads & Facts

• Unmatched multimodal connectivity to rail, air, sea & roadway • Immediate access to Miami International Airport & FECR Hialeah Railyard

111

• Exclusive rail access to PortMiami & Port Everglades via FECR • Cold and Dry Class “A” warehouse space for lease

• Build-to-suit sites available for lease or sale • Flexibility to grow your business • Easy access to major freeways

Park Entrance Park Entrance

FECR Intermodal Yard South Florida Logistics Center Construction Complete

Under Construction

Planned


SOUTH FLORIDA LOGISTICS CENTER BUILDING 6 FEATURES • New Class “A” warehouse space available for lease • Divisible from 8,000 SF - 162,000 SF • 32’ clear ceiling height • 154’ building depth • 120’ private truck court

• 60’ concrete apron • 60’ speed bay • 54’ wide column spacing • 4 dock height loading doors per bay (typical) • Front-park/Rear-load configuration

• ESFR sprinkler system • T5 energy efficient lighting • Build to suit office and warehouse improvements • Delivery November 2016 • Asking Lease Rate:

$8.94 PSF NNN

50’ 1035’

60’

MAIN SFLC ACCESS ROAD

154’

N O O C V C EM U P B AN ER C 20 Y 16

TYPICAL BAY SIZE 8,395 SF

N N UN ST D R ER U C TI O

54’

C

O

1052’

NAIOP | Property Ads & Facts

135 Parking Spaces

NORTH ELEVATION

112


“The Many Facets of Miami Dade” Thursday November 3, 2016

NAIOP | Property Ads & Facts

Project Name Prologis Beacon at 97th - 300 Project Address 2100 NW 97th Avenue City / Zip Miami, FL 33172 Building Information

Owner / Developer Type (office, Warehouse, etc.) Status (New, Completed, Renovated) Year Build / Completion Date Number of Buildings Building Size (s) Number of Floors Floor Size Parking Ratio Minimum Available Maximum Contiguous Total Available Rental Rate / Operating Expense

Land Information

Prologis Warehouse Completed 1996 One (1) 92,206sf 1

1.26/1,000sf 36,499sf 92,206sf 92,206sf Upon Request

Owner / Developer Type (Land for Sale, Build-to-Suit) Total Acres Zoning Site Size Price

Contact Information

Contact Company JLL Address 601 Brickell Key Drive, Suite 100 Phone Brian Smith 305.960.8403 / Audley Bosch 305.960.8404 / Matt Maciag 305.960.8409 e-mail smith.brian@am.jll.com / audley.bosch@am.jll.com / matt.maciag@am.jll.com

Additional Information

24’ Clear Height. 20 Dock High Doors, Plus 2 Drive in Doors. 40’x30’ Column Spacing Typical. Heavy Power (1200 amps): 3 Phase, 277/480 V; 3 Ph 4 Wire. Fully Fire Sprinklered, Class 4 System. IU-C Zoning. Class A Business Park. High Security Location – Fully Fenced w/24 Hour Monitoring and Controlled Access.

NAIOP SOUTH FLORIDA CHAPTER 1500 W Cypress Creek Rd, Ste 420, Ft. Lauderdale, FL 33309 Phone: (954) 990-5116 E-mail only to: naiop.info@naiopsfl.org

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NOTES _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________

_____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________

NAIOP | Property Ads & Facts

_____________________________________________________________________________________

_____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________

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Prologis Beacon At 97th 2100 NW 97th Avenue Doral, FL 33172 USA

92,206 Square Feet Industrial Space For Lease location

x x x

NAIOP | Property Ads & Facts

x x

Located in Heart of Doral Master Planned Business Park Immediate Access to 836, 826, and Florida’s Turnpike 8 Miles to Miami International Airport 13 Miles to Port of Miami

facility

x x

x x x x x x x x x x

JLL Brian Smith smith.brian@am.jll.com ph +1 305.960.8403 cell +1 305.710.2291 601 Brickell Key Drive Suite 1000 Miami, FL 33131 USA

JLL Audley Bosch audley.bosch@am.jll.com ph +1 305.960.8404 cell +1 305.742.8421 601 Brickell Key Drive Suite 1000 Miami, FL 33131 USA

92,206 Total SF Available High Security Location – Fully Fenced with 24 Hour Monitoring and Controlled Access 8,805 SF Office 24’ Clear Ceiling Height Twenty (20) Dock High Doors, Two (2) Drive In Doors 40’ x 30’ Column Spacing 1.26/1,000 SF Parking Ratio Heavy Power (1200 Amps): x 3 Phase; 277/480 V; 3 Ph 4 Wire Fully Fire Sprinklered, Class 4 System Class A Business Park IU-C Zoning Available Q4 2016

JLL Matt Maciag matt.maciag@am.jll.com ph +1 305.960.8409 cell +1 305.978.1530 601 Brickell Key Drive Suite 1000 Miami, FL 33131 USA

Prologis Scott Gregory sgregory@prologis.com ph +1 305.392.4270 fax +1 305.477.8720 cell +1 305.607.1950 8355 NW 12th Street Miami, FL 33126 USA

No warranty or representation, expressed or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to error and omissions.

115


Prologis Beacon At 97th 2100 NW 97th Avenue Doral, FL 33172 USA

92,206 Square Feet Industrial Space For Lease

JLL Brian Smith smith.brian@am.jll.com ph +1 305.960.8403 cell +1 305.710.2291 601 Brickell Key Drive Suite 1000 Miami, FL 33131 USA

LEASED

LEASED

JLL Audley Bosch audley.bosch@am.jll.com ph +1 305.960.8404 cell +1 305.742.8421 601 Brickell Key Drive Suite 1000 Miami, FL 33131 USA

NAIOP | Property Ads & Facts

LEASED

LEASED

AVAILABLE 92,206 SF

AVAILABLE OCTOBER 2016

JLL Matt Maciag matt.maciag@am.jll.com ph +1 305.960.8409 cell +1 305.978.1530 601 Brickell Key Drive Suite 1000 Miami, FL 33131 USA

Prologis Scott Gregory sgregory@prologis.com ph +1 305.392.4270 fax +1 305.477.8720 cell +1 305.607.1950 8355 NW 12th Street Miami, FL 33126 USA

No warranty or representation, expressed or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to error and omissions.

116


“The Many Facets of Miami Dade” Thursday November 3, 2016

NAIOP | Property Ads & Facts

Project Name Prologis Beacon Lakes 27 Project Address 1751 NW 129 Avenue City / Zip Miami, FL 33182 Building Information

Owner / Developer Type (office, Warehouse, etc.) Status (New, Completed, Renovated) Year Build / Completion Date Number of Buildings Building Size (s) Number of Floors Floor Size Parking Ratio Minimum Available Maximum Contiguous Total Available Rental Rate / Operating Expense

Land Information

Prologis Warehouse New Construction – Under Development Projected Q4 2016 One (1) 111,162sf 1 1.20/1,000sf 30,338sf 30,338sf 30,338sf Upon Request

Owner / Developer Type (Land for Sale, Build-to-Suit) Total Acres Zoning Site Size Price

Contact Information

Contact Company JLL Address 601 Brickell Key Drive, Suite 100 Phone Brian Smith 305.960.8403 / Audley Bosch 305.960.8404 / Matt Maciag 305.960.8409 e-mail smith.brian@am.jll.com / audley.bosch@am.jll.com / matt.maciag@am.jll.com

Additional Information

30’ Clear Height. 11 Dock Doors, Plus 1 Ramp. 186’ Building Depth. Non-Shared Truck Court. 54’x42’ Column Spacing Typical. ESFR Sprinkler System. T5 Energy Efficient Lighting. LEED Ready. Foreign Trade Zone.

NAIOP SOUTH FLORIDA CHAPTER 1500 W Cypress Creek Rd, Ste 420, Ft. Lauderdale, FL 33309 Phone: (954) 990-5116 E-mail only to: naiop.info@naiopsfl.org

117


NOTES _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________

_____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________

NAIOP | Property Ads & Facts

_____________________________________________________________________________________

_____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________

118


Prologis Beacon Lakes 1751 NW 129th Avenue Miami, FL 33182 USA

30,338 Square Feet Industrial Space For Lease location x Easy Access To Miami International Airport And Port of Miami x Direct Access To 836 (Dolphin Expressway), Florida’s Turnpike And 826 (Palmetto Expressway)

NAIOP | Property Ads & Facts

facility x Prologis Beacon Lakes Building 27 x New Construction – Available December 2016 x 30,338 Total SF Available x 2,923 SF Office Available x 30’ Clear Height x 1.20 /1,000 SF Car Parking Ratio x 11 Dock Doors; Plus 1 Ramp x 186’ Building Depth x Non-Shared Truck Court x 54’ X 42’ Column Spacing Typical x ESFR Sprinkler System x T5 Energy Efficient Lighting x LEED Ready x Foreign Trade Zone

JLL Brian Smith smith.brian@am.jll.com ph +1 305.960.8403 cell +1 305.710.2291 601 Brickell Key Drive Suite 1000 Miami, FL 33131 USA

JLL Audley Bosch audley.bosch@am.jll.com ph +1 305.960.8404 cell +1 305.742.8421 601 Brickell Key Drive Suite 1000 Miami, FL 33131 USA

JLL Matt Maciag matt.maciag@am.jll.com ph +1 305.960.8409 cell +1 305.978.1530 601 Brickell Key Drive Suite 1000 Miami, FL 33131 USA

Prologis Scott Gregory sgregory@prologis.com ph +1 305.392.4270 fax +1 305.477.8720 cell +1 305.607.1950 8355 NW 12th Street Miami, FL 33126 USA

www.beacon-lakes.com No warranty or representation, expressed or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to error and omissions.

119


Prologis Beacon Lakes 1751 NW 129th Avenue Miami, FL 33182 USA

30,338 Square Feet Industrial Space For Lease

NAIOP | Property Ads & Facts

JLL Brian Smith smith.brian@am.jll.com ph +1 305.960.8403 cell +1 305.710.2291 601 Brickell Key Drive Suite 1000 Miami, FL 33131 USA

JLL Audley Bosch audley.bosch@am.jll.com ph +1 305.960.8404 cell +1 305.742.8421 601 Brickell Key Drive Suite 1000 Miami, FL 33131 USA

JLL Matt Maciag matt.maciag@am.jll.com ph +1 305.960.8409 cell +1 305.978.1530 601 Brickell Key Drive Suite 1000 Miami, FL 33131 USA

Prologis Scott Gregory sgregory@prologis.com ph +1 305.392.4270 fax +1 305.477.8720 cell +1 305.607.1950 8355 NW 12th Street Miami, FL 33126 USA

www.beacon-lakes.com No warranty or representation, expressed or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to error and omissions.

120


“The Many Facets of Miami Dade” Thursday November 3, 2016

NAIOP | Property Ads & Facts

Project Name Waterford IVY Project Address 5757, 5775, 5805, 6101 & 6161 Blue Lagoon Drive City / Zip Miami, 33126 Building Information

Owner / Developer Type (office, Warehouse, etc.) Status (New, Completed, Renovated) Year Build / Completion Date Number of Buildings Building Size (s) Number of Floors Floor Size Parking Ratio Minimum Available Maximum Contiguous Total Available Rental Rate / Operating Expense

IVY Equities Office Completed 1982 - 1988

5 5757: 64,891 SF / 5775: 60,338 SF / 5805: 60,338 SF / 6101: 89,015 SF / 6161: 89,081 SF 5757: 4 / 5775: 4 / 5805: 4 / 6101: 4 / 6161: 4 5757: 14,913 SF / 5775: 14,751 SF / 5805: 14,722 SF / 6101: 22,254 SF / 6161: 20,860 SF 4/1000 SF 5757: 1,479 SF / 5775: 826 SF / 5805: 537 SF / 6101: 6,198 SF / 6161: 1,803 SF 5757: 7,810 SF / 5775: 8,700 SF / 5805: 5,638 SF / 6101: 21,887 SF / 6161: 5,561 SF 5757: 19,199 SF / 5775: 14,964 SF / 5805: 18,067 SF / 6101: 22,817 SF / 6161: 7,364 SF 5757, 5775 & 5805: $18.50 - $20.50/SF, NNN 6101 & 6161: $20.50 - $22.50/SF, NNN

Contact Information

CBRE, Maggie Kurtz Kevin Gonzalez Contact Company 777 Brickell Avenue Suite 900 Miami FL 33131 Address 305 381 6482 / 305 428 6333 Phone Maggie.kurtz@cbre.com / kevin.gonzalez@cbre.com e-mail

Additional Information

New Institutional Ownership, the third largest owner in Waterford Park. All Buildings to be fully renovated including Lobbies, Restrooms, Common Areas, Exterior and Landscaping. Suites ready for immediate move-in. Amenities within Waterford Ivy buildings include fitness center, Sammi’s Cafe (located in Building 5775), car wash service and Conference Facility being built for Tenant use. Monument signage available. On site management and leasing.4/1000 unreserved parking at no charge.

NAIOP SOUTH FLORIDA CHAPTER 1500 W Cypress Creek Rd, Ste 420, Ft. Lauderdale, FL 33309 Phone: (954) 990-5116 E-mail only to: naiop.info@naiopsfl.org

121


FOR LEASI NG I NQ U I R I ES : MAGGIE GUAJARDO KURTZ maggie.kurtz@cbre.com +1 305.381.6482 KEVIN GONZALEZ kevin.gonzalez@cbre.com +1 305.428.6333

WATERFORD IVY

57 5 7 , 5 7 7 5, 5805, 6101 & 6161 BLUE LAGOON DR • • • •

RE NOVATIONS INCLUDE : UPDATED LOBBY NE W RESTROOMS UPDATE D COMMON AREAS UPDATED EXTERI OR NE W LANDSCAPI NG

NAIOP | Property Ads & Facts

• • • •

Suites ready for immediate move-in Amenities within Waterford Ivy buildings include fitness center, Sammi’s Cafe (located in Building 5775), car wash service and Conference Facility being built for Tenant use Amenities within Waterford Park include restaurants, 24-hour roving security, Le Petite Academy day care and US Post Office Over 6 major hotels within Waterford Park including Hilton, Pullman Hotel, Hyatt House and Homewood Suites Monument signage available On site management and leasing 4/1000 unreserved parking at no charge Available spaces ranging from 537 RSF to 21,887 RSF

CBRE, Inc.

Licensed Real Estate Broker

For Rendering Purposes Only

For Rendering Purposes Only

© 2016 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any p rojections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

122


“The Many Facets of Miami Dade” Thursday November 3, 2016

NAIOP | Property Ads & Facts

Project Name 5835 Blue Lagoon Project Address 5835 Blue Lagoon Drive City / Zip Miami, FL 33126 Building Information

Owner / Developer Type (office, Warehouse, etc.) Status (New, Completed, Renovated) Year Build / Completion Date Number of Buildings Building Size (s) Number of Floors Floor Size Parking Ratio Minimum Available Maximum Contiguous Total Available Rental Rate / Operating Expense

Land Information

TA Associates Realty Office Renovated 2016 Built 1988 1 57,565 rsf 4 11,000 – 16,000 rsf 3 per 1,000 sf 580 rsf 7,854 rsf 19,674 rsf $28.50 - $30.00 psf (full service)

Owner / Developer Type (Land for Sale, Build-to-Suit) Total Acres Zoning Site Size Price

Contact Information

Juan Ruiz Contact Company Blanca Commercial Real Estate, Inc. Address 1450 Brickell Avenue, Suite 2060, Miami, FL 33131 Phone 305-577-8850 e-mail juan.ruiz@blancacre.com

Additional Information

NAIOP SOUTH FLORIDA CHAPTER 1500 W Cypress Creek Rd, Ste 406, Ft. Lauderdale, FL 33309 Phone: (954) 990-5116 E-mail only to: naiop.info@naiopsfl.org

123


4-story office building containing 57,565 RSF

Elegant, double height lobby

Ample parking (ratio of 3/1,000 SF)

Private helipad

Located in the prestigious Waterford at Blue Lagoon business park

Direct access to Miami International Airport and all major expressway arteries (SR-836, SR-826 and I-95)

Restaurants, banking and hotels within walking distance

Rental rate: $27.50 - $28.50/RSF (Full Service)

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BUILDING FEATURES

LICENSED REAL ESTATE BROKER

No warranty of representation, expressed or implied, is made as to the accuracy 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 conditions imposed by our principals.

Blanca Commercial Real Estate Inc. 1450 Brickell Avenue, Suite 2060 | Miami, FL 33131 T: 305.577.8850 | F: 305.577.8853 | www.blancacre.com

elizabeth.vergara@blancacre.com

Elizabeth Vergara 305.377.6586

Juan Ruiz 305.577.0251 juan.ruiz@blancacre.com

For more information about leasing opportunities, please contact:

OFFICE SPACE FOR LEASE IN THE PRESTIGIOUS WATERFORD AT BLUE LAGOON

BLUE LAGOON DRIVE

5835

NAIOP | Property Ads & Facts

124


“The Many Facets of Miami Dade” Thursday November 3, 2016

NAIOP | Property Ads & Facts

Project Name Waterford Atrium Project Address 6100, 6303, 6505 Blue Lagoon Dr. City / Zip Miami, FL 33126 Building Information

Owner / Developer Type (office, Warehouse, etc.) Status (New, Completed, Renovated) Year Build / Completion Date Number of Buildings Building Size (s) Number of Floors Floor Size Parking Ratio Minimum Available Maximum Contiguous Total Available Rental Rate / Operating Expense

Land Information

Metropolitan Life Insurance Office Completed

1991/1993/1996 3 163,078 RSF/ 166,418 RSF/ 168,265 RSF 4 40,750 RSF / 42,433 RSF / 40,977 RSF 4/1,000 RSF 1,619 RSF / 804 RSF / 3,567 RSF 3,186 RSF / 5,494 RSF / 4,730 RSF 6,758 RSF / 23,653 RSF / 12,998 RSF Rental Rate: $19.50 NNN / OPEX: 6100 - $12.68 / 6303 – 12.47 / 6505 - $13.23

Owner / Developer Type (Land for Sale, Build-to-Suit) Total Acres Zoning Site Size Price

Contact Information

Cushman & Wakefield Contact Company 200 S. Biscayne Blvd., Suite 2800 Address 305-371-4411 Phone Brian.gale@cushwake.com e-mail

Additional Information

NAIOP SOUTH FLORIDA CHAPTER 1500 W Cypress Creek Rd, Ste 420, Ft. Lauderdale, FL 33309 Phone: (954) 990-5116 E-mail only to: naiop.info@naiopsfl.org

125


NOTES _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________

_____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________

NAIOP | Property Ads & Facts

_____________________________________________________________________________________

_____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________

126


FOR LEASE

Waterford Atrium

NAIOP | Property Ads & Facts

6100 | 6303 | 6505 Blue Lagoon Drive, Miami, FL 33126

Award Winning Office Space BOMA Building of the Year (2008-2016)

For more information, please contact:

Jeannette Mendoza

• Multi-Million Dollar Renovated Interiors - Fountains, Atriums, Restrooms, Lobby Floors & Directories • 250-acre waterfront park location with state-of-the-art infrastructure • SIGNAGE OPPORTUNITY AVAILABLE • 3 Class-A, four-story office buildings • On-site cafes at 6100, 6303 & 6505 • Two-story parking decks with covered walkways • Airport and lake views • On property amenities include hotels, meeting space, restaurants, postal facility & fitness center • Adjacent to Miami International Airport & easy access to all major exp (I-95, 826, 836 & Turnpike) •

LEED Gold Candidates

An investment of MetLife Real Estate Investors

Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness 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). As applicable, we make no representation as to the condition of the property (or properties) in question.

127

Director Office Brokerage Services +1 305 267 8062 jeannette.mendoza@cushwake.com

Brian Gale

Vice Chair Office Brokerage Services +1 305 371 4411 brian.gale@cushwake.com

Ryan Holtzman

Managing Director Office Brokerage Services +1 305 371 4411 ryan.holtzman@cushwake.com

Andrew Trench

Managing Director Office Brokerage Services +1 305 371 4411 andrew.trench@cushwake.com


FOR LEASE

Waterford Atrium 6100 | 6303 | 6505 Blue Lagoon Drive, Miami, FL 33126

Jeannette Mendoza

Director Office Brokerage Services +1 305 267 8062 jeannette.mendoza@cushwake.com

Brian Gale

Vice Chair Office Brokerage Services +1 305 371 4411 brian.gale@cushwake.com

NAIOP | Property Ads & Facts

For more information, please contact:

Ryan Holtzman

Waterford at Blue Lagoon offers one of the most highly visible and strategic locations fronting the Dolphin Expressway (S.R. 836). It is adjacent to Miami International Airport and is within minutes of the Port of Miami, Downtown Miami, Brickell Avenue, Coral Gables and Miami Beach. Owned by MetLife, these exceptional office buildings are professionally managed on-site by Cushman & Wakefield.

Managing Director Office Brokerage Services +1 305 371 4411 ryan.holtzman@cushwake.com

Andrew Trench

Managing Director Office Brokerage Services +1 305 371 4411 andrew.trench@cushwake.com

200 S. Biscayne Blvd Suite 2800 Miami, FL 33131 T +1 305 371 4411 cushmanwakefield.com

Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness 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). As applicable, we make no representation as to the condition of the property (or properties) in question.

128


“The Many Facets of Miami Dade” Thursday November 3, 2016

NAIOP | Property Ads & Facts

Project Name 800 Waterford Project Address 800 Waterford Way City / Zip Miami, FL 33126 Building Information

Owner / Developer Type (office, Warehouse, etc.) Status (New, Completed, Renovated) Year Build / Completion Date Number of Buildings Building Size (s) Number of Floors Floor Size Parking Ratio Minimum Available Maximum Contiguous Total Available Rental Rate / Operating Expense

Land Information

Joint venture between TH Real Estate & Allianz Class A Office Under construction N/A Estimated completion 7/1/17 1 246,085 10 26,014 RSF (typical floor) 4/1000 3,405 RSF 78,045 RSF 213,581 RSF $24.00 - $28.00 NNN / $10.00

Owner / Developer NA Type (Land for Sale, Build-to-Suit) Total Acres Zoning Site Size Price

Contact Information

Contact Company Address Phone e-mail

Additional Information

The Hogan Group c/o Waterford at Blue Lagoon 701 Waterford Way, Suite 400, Miami, FL 33126 305-262-6250 ssmith@thehogangroup.com & apaula@thehogangroup.com

NAIOP SOUTH FLORIDA CHAPTER 1500 W Cypress Creek Rd, Ste 420, Ft. Lauderdale, FL 33309 Phone: (954) 990-5116 E-mail only to: naiop.info@naiopsfl.org

129


800 WATERFORD THE NEWEST ADDITION TO MIAMI’S PREMIER CORPORATE OFFICE PARK

Park Amenities

• Summer 2017 completion

• Post office

• Onsite Cafes

• 10 story, Class A Office Building

• Child Care facility

• 246,085 SF

• 24-hour onsite security

• Minutes from Miami International Airport

• 5-Story parking deck with 4/1000 Parking

• Nearby Hotels

• Conference Center

• Fitness Centers

NAIOP | Property Ads & Facts

800 Waterford Facts

• Easy access to SR836, Palmetto Expressway, Florida’s Turnpike & I-95

• Coffee Bar

For Leasing Information Please Contact The Hogan Group at 305-262-6250 Stephen L. Smith,Vice President Ana R. Paula, Senior Leasing Associate www.WaterfordAtBlueLagoon.com Waterford at Blue Lagoon is owned by a Joint Venture of TH Real Estate and Allianz and developed in conjunction with The Hogan Group.

130


“The Many Facets of Miami Dade” Thursday November 3, 2016

NAIOP | Property Ads & Facts

Project Name 355 Alhambra Project Address 355 Alhambra Circle City / Zip Coral Gables, FL 33134 Building Information

Owner / Developer Type (office, Warehouse, etc.) Status (New, Completed, Renovated) Year Build / Completion Date Number of Buildings Building Size (s) Number of Floors Floor Size Parking Ratio Minimum Available Maximum Contiguous Total Available Rental Rate / Operating Expense

Land Information

Prudential Real Estate Investors Office Completed

2001 1 222,884 RSF 16 23,923 RSF 3/1,000 RSF 1,600 RSF 23,923 RSF 76,998 RSF Rental Rate: $44.00 / OPEX: $15.54

Owner / Developer Type (Land for Sale, Build-to-Suit) Total Acres Zoning Site Size Price

Contact Information

Contact Company Address Phone e-mail

Additional Information

Cushman & Wakefield 200 S. Biscayne Boulevard Miami, FL 33131 305-371-4411 Brian.gale@cushwake.com

NAIOP SOUTH FLORIDA CHAPTER 1500 W Cypress Creek Rd, Ste 420, Ft. Lauderdale, FL 33309 Phone: (954) 990-5116 E-mail only to: naiop.info@naiopsfl.org

131


FOR LEASE

355 Alhambra 355 Alhambra Circle, Coral Gables, FL 33134

• In the heart of Downtown Coral Gables, walking distance to many fine restaurants, shops and luxury hotels • Minutes from Miami International Airport • Close to all major thoroughfares

2015 TOBY Award for

Outstanding Office Building of the Year 8x TOBY Award Winner - BOMA Miami-Dade

• Near South Florida’s most exclusive residential neighborhoods

Features • On-site Bank • 24 hour on-site security • Fiber optics to each floor • State-of-the-art telecommunications infrastructure • On-site management • Auto detailing For more information, please contact:

Brian Gale

Vice Chair Office Brokerage Services +1 305 371 4411 brian.gale@cushwake.com

NAIOP | Property Ads & Facts

Location

Ryan Holtzman

Managing Director Office Brokerage Services +1 305 371 4411 ryan.holtzman@cushwake.com

Andrew Trench

Managing Director Office Brokerage Services +1 305 371 4411 andrew.trench@cushwake.com

Jeannette Mendoza

Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted

Director Office Brokerage Services +1 305 267 8062 jeannette.mendoza@cushwake.com

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). As applicable, we make no representation as to the condition of the property (or properties) in question.

132


“The Many Facets of Miami Dade” Thursday November 3, 2016

NAIOP | Property Ads & Facts

Project Name 2020 Ponce Project Address 2020 Ponce de Leon Blvd. City / Zip Coral Gables/33134 Building Information

Owner / Developer Type (office, Warehouse, etc.) Status (New, Completed, Renovated) Year Build / Completion Date Number of Buildings Building Size (s) Number of Floors Floor Size Parking Ratio Minimum Available Maximum Contiguous Total Available Rental Rate / Operating Expense

2020 Ponce, LLC Office Completed 2009 November 2009 1 130,000 sf 14 16,423 sf 4.00/1,000 sf 564 sf 12,707 sf 37,518 sf Office $38.50-$42.00, Net of Electric; Retail $27.00 $32.00, NNN

Land Information

Owner / Developer Type (Land for Sale, Build-to-Suit) Total Acres Zoning Site Size Price

Contact Information

Avison Young Contact Company 2020 Ponce de Leon Blvd. #1200 Address Coral Gables, FL 33134 305.476.7125 Phone Donna.abood@avisonyoung.com e-mail

Additional Information

NAIOP SOUTH FLORIDA CHAPTER 1500 W Cypress Creek Rd, Ste 420, Ft. Lauderdale, FL 33309 Phone: (954) 990-5116 E-mail only to: naiop.info@naiopsfl.org

133


FULL-FLOOR PENTHOUSE WITH WRAP AROUND TERRACES

• Miami skyline views • Efficient column-free floor plates • Covered parking ratio at 4 spaces per 1,000 sf • Contemporary lobby with on-site retail • Security on premises

NAIOP | Property Ads & Facts

2020 Ponce is located strategically in the heart of the Coral Gables business district, a center of commerce and finance for the U.S. and Latin America. Your office will be within walking distance of some of the finest dining and entertainment that South Florida has to offer—steps away from Alhambra Circle and Miracle Mile, as well as minutes from the Village of Merrick Park. Join your neighbor tenants as some of the most successful in the country.

• Pre-wired for telephone, internet, video conferencing, video/security, digital/HDTV

• Full elegant penthouse terrace floor available featuring 12-foot ceilings • Centrally located in the Heart of Coral Gables, minutes from Miami International Airport and Downtown Miami

Donna Abood Principal, Managing Director - Miami 305.476.7125 donna.abood@avisonyoung.com

Joe Abood Senior Associate 305.447.7878 joe.abood@avisonyoung.com

134


“The Many Facets of Miami Dade” Thursday November 3, 2016

NAIOP | Property Ads & Facts

Project Name Douglas Entrance Project Address 800-806 S Douglas Road City / Zip Coral Gables, 33134 Building Information

Owner / Developer Type (office, Warehouse, etc.) Status (New, Completed, Renovated) Year Build / Completion Date Number of Buildings Building Size (s) Number of Floors

Floor Size Parking Ratio Minimum Available Maximum Contiguous Total Available Rental Rate / Operating Expense

Contact Information

Contact Company Address Phone e-mail

Additional Information

Banyan Street Capital Office Renovated 2000 (more improvements underway) 1986 2016 5 North: 138,839 SF / South:160,102 RSF / West:53,390 RSF / Executive: 70,303 RSF / La Puerta Del Sol: 52,729 RSF North: 12 / South: 12 / West: 2 / Executive: 8 / La Puerta Del Sol: 3 North: 12,148 SF / South: 12,397 SF / West: 26,695 SF / Executive: 9,876 SF / La Puerta Del Sol: 17,576 SF North: 1,069 SF / South: 2,668 SF / West: 25,266 SF / Executive: 1,319 SF / La Puerta Del Sol: 836 SF North: 43,161 SF / South: 7,220 SF / West: 53,021 SF / Executive: 31,598 SF / La Puerta Del Sol: 15,566 SF 150,566 RSF North: 43,161 SF / South: 7,220 SF / West: 53,021 SF / Executive: 31,598 SF / La Puerta Del Sol: 15,566 SF CBRE Maggie Kurtz, Kevin Gonzalez 777 Brickell Avenue Suite 900 305.381.6482 / 305.428.6333 Maggie.kurtz@cbre.com kevin.gonzalez@cbre.com Douglas Entrance, the gateway to City Beautiful. Newly renovated Common Areas, Modern finishes throughout, Elegant details. Up to 32,000 RSF of Contiguous Office Space available. New on-site restaurant, gym, board room facility, event facility, 24/7 Security, Shuttle Chauffer Service available for tenants. On-site Coral Gables & Brickell trolley stops. Building signage available. Coral Gables’ only true office park.

NAIOP SOUTH FLORIDA CHAPTER 1500 W Cypress Creek Rd, Ste 420, Ft. Lauderdale, FL 33309 Phone: (954) 990-5116 E-mail only to: naiop.info@naiopsfl.org

135


Gateway to City Beautiful 800-806 S Douglas Rd Coral Gables, FL 33134

• • • • • •

NAIOP | Property Ads & Facts

• • • •

Newly Renovated Common Areas Modern Finishes, Elegant Details Up to 32,000 RSF Contiguous New on-site Restaurant, New Cafe, Gym, Board room facility, Event facility, 24/7 Security Shuttle Chauffer service available for tenants On-Site Coral Gables & Brickell Trolley Stops Building Signage Available Coral Gables’ Only True Office Park 3.2/1,000 RSF unreserved Garage Parking Ratio ($90.00/space/month) $36.00-$39.00/RSF Full Service Year 1

Maggie Guajardo Kurtz Senior Vice President +1 305 381 6482 maggie.kurtz@cbre.com

Diana Parker

Senior Vice President +1 305 428 6335 diana.parker@cbre.com

Elevator Landing Renovation Underway

Kevin Gonzalez

Associate +1 305 428 6333 kevin.gonzalez@cbre.com

Jason Krieger

Associate +1 305 381 6498 jason.krieger@cbre.com CBRE, INC. | Licensed Real Estate Broker

© 2016 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

136


Office Space Available For Lease North Tower

Executive Tower

South Tower

800 S Douglas Rd

804 S Douglas Rd

806 S Douglas Rd

Suite

500/520/530 770 530 370/360 500 825 540 440 520

Suite

RSF

RSF

2nd Floor 5th Floor 6th Floor 365 375 110

31,598 12,642 9,490 5,301 4,146 3,963 2,951 2,299 1,857 1,069

Suite

11,173 9,466 7,911 1,615 1,346 1,319

RSF

350 580

2,602 7,220

Also Available: West Building (up to 53,021 RSF)

* Entire North/Executive 5th Floor + Executive 6th Floor

La Puerta Del Sol

Miami International Airport (2.5 miles)

S W 8TH STREET

Downtown Miami (4 miles)

RSF

330

2,611

150

2,130

250

1,538

340

1,422

240

836

South Tower

Miracle Mile (1 miles)

Maggie Guajardo Kurtz Senior Vice President +1 305 381 6482 maggie.kurtz@cbre.com

e

2,797

l

ag

230

So

ar

3,223

el

G

130

12 Story Parking Garage

D

to

3,444

ta

p

220

er

m

5,801 4,412 3,664

Pu

North Tower

Ra

120 100 320

La

West Building

Executive Tower

Suite

S DOUGLAS ROAD (S W 37TH AVENUE)

800 S Douglas Rd

GALIANO STREET

NAIOP | Property Ads & Facts

Contiguous*

Diana Parker

Senior Vice President +1 305 428 6335 diana.parker@cbre.com

CALABRIA AVENUE

Kevin Gonzalez

Associate +1 305 428 6333 kevin.gonzalez@cbre.com

Jason Krieger

Associate +1 305 381 6498 jason.krieger@cbre.com CBRE, INC. | Licensed Real Estate Broker

Š 2016 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

137


La Puerta del Sol 800 S Douglas Rd Coral Gables, FL 33134

Building undergoing major renovations

Historic Office Building with Unique Features

NAIOP | Property Ads & Facts

including private terraces and balconies, fireplaces, unique architectural features • • •

836 to 31,878 RSF Available On-site Restaurant, Cafe, Gym, Board room facility, Event facility, 24/7 Security On-Site Coral Gables & Brickell Trolley Stops

A DEL SOL • Shuttle service available for tenants Courtyard Design I March 14, 2016

3.2/1,000 RSF Parking Ratio ($90.00/space/month)

$34.00 - $35.00/RSF Full Service Year 1

Maggie Guajardo Kurtz Senior Vice President +1 305 381 6482 maggie.kurtz@cbre.com

Diana Parker

Senior Vice President +1 305 428 6335 diana.parker@cbre.com

Kevin Gonzalez

Associate +1 305 428 6333 kevin.gonzalez@cbre.com

Jason Krieger

Associate +1 305 381 6498 jason.krieger@cbre.com CBRE, INC. | Licensed Real Estate Broker

© 2016 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

138


NAIOP | Property Ads & Facts

Coral Gables’ Only True Business Park

Centrally Located

NW 36TH ST

MIAMI INTERNATIONAL AIRPORT

y Places erest

MIAMI

95

BISCAYNE BLVD

195

DOWNTOWN MIAMI

395 SW 42ND AVE

AV E SW 57TH 57TH AVE

LMETTO EXPYEXPY PALMETTO

BRICKELL DISTRICT

SW 27TH AVE

SW 8TH ST THE BILTMORE HOTEL

ST GABLES TROLLE Y

SW ST SW22ND 22ND

SW 8th STREET

PARKING GARAGE

NORTH TOWER

EXECUTIVE TOWER

PUERTA DEL SOL

DOUGLAS ROAD (SW 37th AVE)

GALIANO STREET

WEST BUILDING

MIAMI TROLLEY

IXIE

SD

Y

HW

MIAMI-DADE METRORAIL STATION

N

COCONUT GROVE

MIRACLE MILE

SOUTH TOWER

CALABRIA AVENUE

ouglas Rd les, FL 33134 Maggie Kurtz

Senior Vice President +1 305 381 6482 maggie.kurtz@cbre.com

Diana Parker

Senior Vice President +1 305 428 6335 diana.parker@cbre.com

Kevin Gonzalez

Associate +1 305 428 6333 kevin.gonzalez@cbre.com

Maggie Guajardo Kurtz

CBRE, INC. | Licensed Real Estate Broker

Diana Parker

Kevin Gonzalez

© 2015 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

Senior Vice President +1 305 381 6482 maggie.kurtz@cbre.com

Senior Vice President +1 305 428 6335 diana.parker@cbre.com

Associate +1 305 428 6333 kevin.gonzalez@cbre.com

Jason Krieger

Associate +1 305 381 6498 jason.krieger@cbre.com CBRE, INC. | Licensed Real Estate Broker

© 2016 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

139


Executive Tower 5th Floor 9,466 RSF

View of your Future Office

10

wer

9 11 8 12 7 13 6 14 5 15 4 16 3 17 2 18 1

NAIOP | Property Ads & Facts

11

10

13

12

14

16

15

18

17

www.autodesk.com/revit

9

8

7

6

5

4

3

2

1

Consultant Address Address Phone Fax e-mail Consultant Address Address Phone Fax e-mail Consultant Address Address Phone Fax e-mail

www.autodesk.com/revit

Consultant Address Address Phone Fax e-mail

Consultant Address Address Phone Fax e-mail

Consultant Address Address Phone Fax e-mail

Common Area

Consultant Address Address Phone Fax e-mail

Renderings

Consultant Address Address Phone Fax e-mail

Consultant Address Address Phone Fax e-mail

Consultant Address Address Phone Fax e-mail

800 S Douglas Rd Coral Gables, FL 33134

No.

Description

Date

No.

Description

Date

Owner

79.71.73.100

Project Number Issue Date Author Checker

Project number Date Drawn by Checked by

A102 Scale

1/4" = 1'-0"

7/30/2014 9:51:16 AM

Project Name Floor Plan

Owner

Project Number Issue Date Author Checker

Project number Date

Maggie Kurtz

Senior Vice President +1 305 381 6482 maggie.kurtz@cbre.com

DOUGLAS ENTRANCE

Maggie Kurtz

Diana Parker

Senior Vice President +1 305 428 6335 diana.parker@cbre.com Diana Parker

Kevin Gonzalez

Drawn by

Kevin Gonzalez

Checked by

A103

Associate +1 305 428 6333 kevin.gonzalez@cbre.com

Scale

1/8" = 1'-0"

7/30/2014 9:51:52 AM

Project Name RCP

CBRE, INC. | Licensed Real Estate Broker Jason Krieger

© 2015 CBRE, Inc. This information Senior has been obtained from sourcesSenior believed We have not verified it and make no guarantee warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the Vice President Vicereliable. President Associate current or future performance of the property. your advisors +1 should a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. +1 305 You 381and 6482 305conduct 428 6335 +1 305 428 6333 maggie.kurtz@cbre.com diana.parker@cbre.com COMMON AREA DESIGNS kevin.gonzalez@cbre.com

Maggie Guajardo Kurtz Senior Vice President +1 305 381 6482 maggie.kurtz@cbre.com

Diana Parker

Kevin Gonzalez

Senior Vice President Associate CBRE, INC. | Licensed Broker +1 305 428 6335 +1 Real 305Estate 428 6333 diana.parker@cbre.com kevin.gonzalez@cbre.com

© 2015 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

Associate +1 305 381 6498 jason.krieger@cbre.com

CBRE, INC. | Licensed Real Estate Broker © 2016 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

140


“The Many Facets of Miami Dade” Thursday November 3, 2016

NAIOP | Property Ads & Facts

Project Name BAC Colonnade Project Address 2333 Ponce de Leon Blvd. City / Zip Coral Gables, FL 33134 Building Information

Owner / Developer Type (office, Warehouse, etc.) Status (New, Completed, Renovated) Year Build / Completion Date Number of Buildings Building Size (s) Number of Floors Floor Size Parking Ratio Minimum Available Maximum Contiguous Total Available Rental Rate / Operating Expense

Land Information

AEW Capital Management, LP Office Completed

1987 1 205,463 RSF 11 20,161 RSF 3/1,000 RSF 1,946 RSF 20,000 RSF 46,668 RSF Rental Rate: $42.00 / OPEX: $15.48

Owner / Developer Type (Land for Sale, Build-to-Suit) Total Acres Zoning Site Size Price

Contact Information

Contact Company Address Phone e-mail

Additional Information

Cushman & Wakefield 200 S. Biscayne Blvd., Suite 2800 305-371-4411 Brian.Gale@cushwake.com

NAIOP SOUTH FLORIDA CHAPTER 1500 W Cypress Creek Rd, Ste 420, Ft. Lauderdale, FL 33309 Phone: (954) 990-5116 E-mail only to: naiop.info@naiopsfl.org

141


FOR LEASE

BAC Colonnade 2333 Ponce de Leon Blvd, Coral Gables, FL 33134

BAC Colonnade Office Tower is desirable to businesses because of its proximity to Miami International Airport, the Port of Miami, and Downtown Miami. It also has abundant executive housing nearby, several entertainment venues and is conveniently located within a 2 mile radius of more than 150 restaurants and cafes.

For more information, please contact:

Brian Gale

Vice Chair Office Brokerage Services +1 305 371 4411 brian.gale@cushwake.com

NAIOP | Property Ads & Facts

Conveniently Located. Globally Connected.

Ryan Holtzman

Managing Director Office Brokerage Services +1 305 371 4411 ryan.holtzman@cushwake.com

Andrew Trench

Managing Director Office Brokerage Services +1 305 371 4411 andrew.trench@cushwake.com

Jeannette Mendoza

Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness 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). As applicable, we

Director Office Brokerage Services +1 305 267 8062 jeannette.mendoza@cushwake.com

make no representation as to the condition of the property (or properties) in question.

142


“The Many Facets of Miami Dade” Thursday November 3, 2016

NAIOP | Property Ads & Facts

Project Name Bacardi Building Project Address 2701 S LeJeune Road City / Zip Coral Gables, 33134 Building Information

Owner / Developer Type (office, Warehouse, etc.) Status (New, Completed, Renovated) Year Build / Completion Date Number of Buildings Building Size (s) Number of Floors Floor Size Parking Ratio Minimum Available Maximum Contiguous Total Available Rental Rate / Operating Expense

Land Information

Ponte Gadea USA, Inc. Office Completed 2009

1 251,464 RSF 15 16,764 SF 3.00/1,000 SF 23,857 RSF 82,605 RSF 82,605 RSF $40.00/RSF Net of Janitorial

Owner / Developer Type (Land for Sale, Build-to-Suit) Total Acres Zoning Site Size Price

Contact Information

Contact Company Address Phone e-mail

Additional Information

CBRE, Diana Parker, Maggie Kurtz 777 Brickell Avenue Suite 900 Miami FL 33131 305 428 6335 / 305 381 6482 Diana.parker@cbre.com / Maggie.kurtz@cbre.com Frontage along LeJeune Road. 2/1,000 SF Parking ratio. Furniture available on 9th and 10th Floors. Located 3 blocks south of Miracle Mile and 2 blocks east of Ponce de Leon. Building earned Gold Certification in Commercial Interiors (CI) from the U.S. Green Building Council's 'Leadership in Energy and Environmental Design' (LEED).

NAIOP SOUTH FLORIDA CHAPTER 1500 W Cypress Creek Rd, Ste 420, Ft. Lauderdale, FL 33309 Phone: (954) 990-5116 E-mail only to: naiop.info@naiopsfl.org

143


Coral Gables Class A Office Sublease From 23,857 RSF to up to 82,605 RSF Contiguous 2701 S Le Jeune Road, Coral Gables, FL 33134 AVAILABLE SPACES 29,374 RSF* 29,374 RSF* 23,857 RSF**

NAIOP | Property Ads & Facts

Floor 9: Floor 10: Floor 11:

SUBLEASE TERMS Sublease term ends 03.30.24 2/1,000 Parking Ratio (regular plus tandem) $40.00/RSF Net of Janitorial Year 1 *2nd Generation with Furniture Available **1st Generation with Elevator Lobby Exposure

Diana Parker

Maggie Guajardo Kurtz

Kevin Gonzalez

Jason Krieger

Senior Vice President

Senior Vice President

Associate

Associate

+1 305.428.6335

+1 305.381.6482

+1 305.428.6333

+1 305.381.6498

diana.parker@cbre.com

maggie.kurtz@cbre.com

kevin.gonzalez@cbre.com

jason.krieger@cbre.com

CBRE, InC. LICEnsEd REaL EstatE BRokER

Š 2016 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

144


“The Many Facets of Miami Dade” Thursday November 3, 2016

NAIOP | Property Ads & Facts

Project Name 1111 BRICKELL Project Address 1111 Brickell Ave City / Zip Miami, Fl 33131 Building Information

Owner / Developer Type (office, Warehouse, etc.) Status (New, Completed, Renovated) Year Build / Completion Date Number of Buildings Building Size (s) Number of Floors Floor Size Parking Ratio Minimum Available Maximum Contiguous Total Available Rental Rate / Operating Expense

Land Information

Prudential Real Estate Investors Office Renovated 2014-2016 Built 2000 1 523,000 30 +/- 24,000 2 per 1,000 RSF leased 961 12,263 59,958 $45.00 - $48.00 PSF FS

Owner / Developer Type (Land for Sale, Build-to-Suit) Total Acres Zoning Site Size Price

Contact Information

Contact Company Address Phone e-mail

Juan Ruiz, Danet Linares 1450 Brickell Avenue Suite 2060 305-577-8850 Juan.ruiz@blancacre.com Danet.linares@blancacre.com

Additional Information

NAIOP SOUTH FLORIDA CHAPTER 1500 W Cypress Creek Rd, Ste 420, Ft. Lauderdale, FL 33309 Phone: (954) 990-5116 E-mail only to: naiop.info@naiopsfl.org

145


24,693 SF Floor Plates

Covered Parking Ratio of 2.00 /1,000

2,000 to 24,200 RSF Available

Institutional Ownership

Central Brickell Location

Access from Brickell Avenue and Brickell Bay Drive

ƒ

ƒ

ƒ

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ƒ

ƒ

Concierge Service

Banking, Dry Cleaning Service, Café and Deli

Fitness Center

Connected to the JW Marriott Hotel

ƒ

ƒ

ƒ

ƒ

Danet Linares 305.577.8851 danet.linares@blancacre.com

LICENSED REAL ESTATE BROKER

Blanca Commercial Real Estate Inc. 1450 Brickell Avenue, Suite 2060, Miami, FL 33131 T: 305.577.8850 | www.blancacre.com

Juan Ruiz 305.577.0251 juan.ruiz@blancacre.com

For more information about leasing opportunities, please contact:

Conference Center

ƒ

AMENITIES

30-Story Class A Office Tower Totaling 522,892 RSF

ƒ

BUILDING FEATURES

DISCOVER THE DIFFERENCE

NAIOP | Property Ads & Facts

146


“The Many Facets of Miami Dade” Thursday November 3, 2016

NAIOP | Property Ads & Facts

Project Name Wells Fargo Center Project Address 333 SE 2nd Avenue City / Zip Miami, FL 33126 Building Information

Owner / Developer Type (office, Warehouse, etc.) Status (New, Completed, Renovated) Year Build / Completion Date Number of Buildings Building Size (s) Number of Floors Floor Size Parking Ratio Minimum Available Maximum Contiguous Total Available Rental Rate / Operating Expense

Land Information

Metropolitan Life Insurance Office Completed

2010 1 752,488 RSF 47 27,500 RSF 1/1,000 RSF 1,636 RSF 110,000 RSF 176,585 RSF Rental Rate: $42 - $45 / OPEX: $13.68

Owner / Developer Type (Land for Sale, Build-to-Suit) Total Acres Zoning Site Size Price

Contact Information

Contact Company Address Phone e-mail

Additional Information

Cushman & Wakefield 200 S. Biscayne Boulevard 305-371-4411 Brian.gale@cushwake.com

NAIOP SOUTH FLORIDA CHAPTER 1500 W Cypress Creek Rd, Ste 420, Ft. Lauderdale, FL 33309 Phone: (954) 990-5116 E-mail only to: naiop.info@naiopsfl.org

147


Office Space with the 5-Star Amenities of the Attached JW Marriott Marquis Miami

333 Southeast 2nd Avenue - Miami

Brickell Avenue & Biscayne Boulevard • Offering First Generation Office Space with +/- 27,500 RSF Floor Plates • Direct access to 1-95, Brickell Avenue & Biscayne Boulevard Within Downtown’s Enterprise Zone • Gold LEED Certified • One Block to the Metro Mover & Easy Access to Metro-Rail • State-of-The-Art Telecommunications Systems with Fiber Optic Capabilities

NAIOP | Property Ads & Facts

• 750,000 Square Foot Class A Office Tower

Stunning Biscayne Bay & City Views | On-Site Dining | Enliven Salon & Spa | Conference & Ballroom Facilities | JW Marriott Marquis Entertainment Complex | Fitness Center | Jim McLean Golf School | Virtual Bowling | NBA Approved Basketball Court

FOR LEASING INFORMATION CONTACT:

Brian Gale

Vice Chair Office Brokerage Services +1 305 371 4411 brian.gale@cushwake.com

Ryan Holtzman

Managing Director Office Brokerage Services +1 305 371 4411 ryan.holtzman@cushwake.com

Andrew Trench

Managing Director Office Brokerage Services +1 305 371 4411 andrew.trench@cushwake.com

cushmanwakefield.com

Jeannette Mendoza

Director Office Brokerage Services +1 305 267 8062 jeannette.mendoza@cushwake.com

wellsfargocentermiami.com

148


“The Many Facets of Miami Dade” Thursday November 3, 2016

NAIOP | Property Ads & Facts

Project Name Citigroup Center Project Address 201 S Biscayne Blvd City / Zip Miami, FL 33131 Building Information

Owner / Developer Type (office, Warehouse, etc.) Status (New, Completed, Renovated) Year Build / Completion Date Number of Buildings Building Size (s) Number of Floors Floor Size Parking Ratio Minimum Available Maximum Contiguous Total Available Rental Rate / Operating Expense

Land Information

Crocker Partners Office Under Renovation 2016 1983 1 802,974 SF 34 23,000 SF 1.15/1,000 SF 1,199 SF 120,000 SF 190,000 SF $43.00 - $65.00

Owner / Developer Type (Land for Sale, Build-to-Suit) Total Acres Zoning Site Size Price

Contact Information

Contact Company Address Phone e-mail

Additional Information

Tower Commercial Real Estate 1 SE 3rd Avenue, Suite 1010, Miami, FL 33131 (305) 400-0760 jblunk@tower-cre.com $20 MILLION DOLLAR MAIN LOBBY AND EXTERIOR BUILDING RENOVATIONS INCLUDE:      

A brand-new building entrance with porte-cochere and valet dropoff located on Chopin Plaza A modernized glass curtain wall system replacing the existing North and West facades An enhanced multi-tenant monument sign fronting Biscayne Blvd A completely redesigned Lobby with new, modern finishes and refurbished elevator cabs A state of the art, Tenant exclusive conference center A full service Citibank Retail Branch in the West lobby

NAIOP SOUTH FLORIDA CHAPTER 1500 W Cypress Creek Rd, Ste 420, Ft. Lauderdale, FL 33309 Phone: (954) 990-5116 E-mail only to: naiop.info@naiopsfl.org

149


New Look!

New Building!

Best Block Of Contiguous Space In Miami CBD: 120,000 Sf

RENOVATIONS UNDERWAY

New Name!

CITIGROUP CENTER

JON BLUNK President 305.400.9887 jblunk@tower-cre.com

CRISTINA GLARIA Director 305.867.3626 cglaria@tower-cre.com

For more information, please contact:

LAUREL OSWALD Executive Director 305.867.3625 loswald@tower-cre.com

NAIOP | Property Ads & Facts

150

TOWER COMMERCIAL REAL ESTATE 1 SE 3rd Avenue | Suite 1010 | Miami, FL 33131 305.400.0760 www.tower-cre.com

• A brand-new building entrance with porte-cochere and valet drop-off located on Chopin Plaza • A modernized glass curtain wall system replacing the existing North and West facades • An enhanced multi-tenant monument sign fronting Biscayne Blvd. • A completely redesigned Lobby with new, modern finishes and refurbished elevator cabs • A state of the art, Tenant exclusive conference center • A full service Citibank Retail Branch in the West lobby • An enhanced multi-tenant monument sign fronting Biscayne Blvd.

$20 MILLION DOLLAR MAIN LOBBY & EXTERIOR BUILDING RENOVATIONS INCLUDE:


“The Many Facets of Miami Dade” Thursday November 3, 2016

NAIOP | Property Ads & Facts

Project Name One Biscayne Tower Project Address 2 S. Biscayne Boulevard City / Zip Miami, FL 33131 Building Information

Owner / Developer Type (office, Warehouse, etc.) Status (New, Completed, Renovated) Year Build / Completion Date Number of Buildings Building Size (s) Number of Floors Floor Size Parking Ratio Minimum Available Maximum Contiguous Total Available Rental Rate / Operating Expense

Land Information

L&B Realty Advisors Office Completed

1990 1 619,684 RSF 38 25,472 RSF 1.15/1,000 RSF 535 RSF 26,200 RSF 86,623 RSF Rental Rate: $35 - $40 / OPEX: $14.82

Owner / Developer Type (Land for Sale, Build-to-Suit) Total Acres Zoning Site Size Price

Contact Information

Contact Company Address Phone e-mail

Additional Information

Cushman & Wakefield 200 S. Biscayne Boulevard 305-371-4411 Brian.gale@cushwake.com

NAIOP SOUTH FLORIDA CHAPTER 1500 W Cypress Creek Rd, Ste 420, Ft. Lauderdale, FL 33309 Phone: (954) 990-5116 E-mail only to: naiop.info@naiopsfl.org

151


NOTES _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________

_____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________

NAIOP | Property Ads & Facts

_____________________________________________________________________________________

_____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________

152


FOR LEASE | $35-$40 PSF ONE BISCAYNE TOWER

NAIOP | Property Ads & Facts

2 S. Biscayne Blvd., Miami, FL 33131

5 OFFICE BUILDING OF THE YEAR TOBY AWARDS ENERGY STAR RATED LEED GOLD CERTIFIED

153


FOR LEASE | $35-$40 PSF ONE BISCAYNE TOWER 2 S. Biscayne Blvd., Miami, FL 33131

Brian S. Gale Vice Chair Office Brokerage Services +1 305 371 4411 brian.gale@cushwake.com Andrew Trench Managing Director Office Brokerage Services +1 305 371 4411 andrew.trench@cushwake.com Cushman & Wakefield of Florida, inc. 200 Biscayne Boulevard Suite 2800 Miami, Florida 33131 cushmanwakefield.com

Ryan Holtzman Managing Director Office Brokerage Services +1 305 371 4411 ryan.holtzman@cushwake.com Jeannette Pay Mendoza Director Office Brokerage Services +1 305 267 8062 jeannette.mendoza@cushwake.com

Panoramic views of Biscayne Bay

Fitness Center

Convenience Store

Shoe Shine

Four ATM’s and numerous banks

Deli

Florist

Full Service Print Shop

Federal Express / UPS / DHL drop

Car Wash

Dry Cleaner/Alterations

NAIOP | Property Ads & Facts

Property Features

For more information please contact:

cushwakesouthfl.com @CushWakeSouthFL The depiction in the included photograph of any person, entity, sign, logo or property, other than Cushman & Wakefield’s (C&W) client and the property offered by C&W, is incidental only, and is not intended to connote any affiliation, connection, association, sponsorship or approval by or between that which is incidentally depicted and C&W or its client. This listing shall not be deemed an offer to lease, sublease or sell such property; and, in the event of any transaction for such property, no commission shall be earned by or payable to any cooperating broker except if otherwise provided pursuant to the express terms, rates and conditions of C&W’s agreement with its principal, if, as and when such commission (if any) is actually received from such principal. (A copy of the rates and conditions referred to above with respect to this property is available upon request.)

154


“The Many Facets of Miami Dade� Thursday November 3, 2016

NAIOP | Property Ads & Facts

Project Name SunTrust International Center Project Address 1 SE 3rd Ave City / Zip Miami, FL 33131 Building Information

Owner / Developer Type (office, Warehouse, etc.) Status (New, Completed, Renovated) Year Build / Completion Date Number of Buildings Building Size (s) Number of Floors Floor Size Parking Ratio Minimum Available Maximum Contiguous Total Available Rental Rate / Operating Expense

Land Information

Crocker Partners Office Renovated 2015 2002 1 449,076 SF 31 17,000 SF 3.4:1,000 SF 650 SF 72,204 SF 216,000 SF $36.00 - $40.00

Owner / Developer Type (Land for Sale, Build-to-Suit) Total Acres Zoning Site Size Price

Contact Information

Contact Company Address Phone e-mail

Additional Information

Tower Commercial Real Estate 1 SE 3rd Avenue, Suite 1010, Miami, FL 33131 (305) 400-0760 jblunk@tower-cre.com $13 million Class A renovation recently completed with a completely redesigned lobby, streetscape, brand new fitness center, conference center and rooftop terrace, elevator cabs, common corridors and bathroom upgrades

NAIOP SOUTH FLORIDA CHAPTER 1500 W Cypress Creek Rd, Ste 420, Ft. Lauderdale, FL 33309 Phone: (954) 990-5116 E-mail only to: naiop.info@naiopsfl.org

155


NOTES _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________

_____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________

NAIOP | Property Ads & Facts

_____________________________________________________________________________________

_____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________

156


SUNTRUST INTERNATIONAL CENTER 1 SE 3rd, Avenue, Miami, FL

FULL FLOOR OPPORTUNITIES AVAILABLE

RENT READY SPEC SUITES AVAILABLE

• $13 million Class A renovation recently completed with a completely redesigned lobby, streetscape, brand new fitness center, conference center and rooftop terrace, elevator cabs, common corridors and bathroom upgrades

NAIOP | Property Ads & Facts

• 31-story Class “A” office tower in the heart of Downtown Miami • Spec suites available

• Full floors available: 18,051 sf • Monument signage available

• Onsite property management, closed circuit TV monitoring and 24/7 security guard

• Amenities include Premo’s Deli, Walgreen’s Pharmacy, Bank of America and SunTrust banking centers • Silver LEED certified

• 11 high speed elevators, with direct access to the parking garage

For more information, please contact: JON BLUNK President 305.400.9887 jblunk@tower-cre.com

157

CRISTINA GLARIA Director 305.867.3626 cglaria@tower-cre.com

LAUREL OSWALD Executive Director 305.867.3625 loswald@tower-cre.com

TOWER COMMERCIAL REAL ESTATE 1 SE 3rd Avenue | Suite 1010 | Miami, FL 33131 305.400.0760 www.tower-cre.com


SUNTRUST INTERNATIONAL CENTER 1 SE 3rd, Avenue, Miami, FL

FULL FLOOR OPPORTUNITIES AVAILABLE

RENT READY SPEC SUITES AVAILABLE

For more information, please contact: JON BLUNK President 305.400.9887 jblunk@tower-cre.com

CRISTINA GLARIA Director 305.867.3626 cglaria@tower-cre.com

LAUREL OSWALD Executive Director 305.867.3625 loswald@tower-cre.com

NAIOP | Property Ads & Facts

• $13 million Class A renovation recently completed with a completely redesigned lobby, streetscape, brand new fitness center, conference center and rooftop terrace, elevator cabs, common corridors and bathroom upgrades • 31-story Class “A” office tower in the heart of Downtown Miami • Spec suites available • Full floors available: 18,051 sf • Monument signage available • Onsite property management, closed circuit TV monitoring and 24/7 security guard • Amenities include Premo’s Deli, Walgreen’s Pharmacy, Bank of America and SunTrust banking centers • Silver LEED certified • 11 high speed elevators, with direct access to the parking garage

TOWER COMMERCIAL REAL ESTATE 1 SE 3rd Avenue | Suite 1010 | Miami, FL 33131 305.400.0760 www.tower-cre.com

158


“The Many Facets of Miami Dade” Thursday November 3, 2016

NAIOP | Property Ads & Facts

Project Name 444 BRICKELL Project Address 444 Brickell Ave City / Zip Miami, Fl 33131 Building Information

Owner / Developer Type (office, Warehouse, etc.) Status (New, Completed, Renovated) Year Build / Completion Date Number of Buildings Building Size (s) Number of Floors Floor Size Parking Ratio Minimum Available Maximum Contiguous Total Available Rental Rate / Operating Expense

Land Information

Related Group Office Renovated 2012-2016

1 200,379 11 18,500 2 per 1,000 RSF leased 400 37,000 93,460 $18.00 - $28.00 PSF FS

Owner / Developer Type (Land for Sale, Build-to-Suit) Total Acres Zoning Site Size Price

Contact Information

Contact Company Address Phone e-mail

Additional Information

Juan Ruiz, Andres Del Corral, Danet Linares 1450 Brickell Avenue Suite 2060 305-577-8850 Juan.ruiz@blancacre.com andres.delcorral@blancacre.com, Danet.linares@blancacre.com

NAIOP SOUTH FLORIDA CHAPTER 1500 W Cypress Creek Rd, Ste 420, Ft. Lauderdale, FL 33309 Phone: (954) 990-5116 E-mail only to: naiop.info@naiopsfl.org

159


444 BRICKELL Where Brickell & Downtown Meet

NAIOP | Property Ads & Facts

160

One block from Metromover Station

Walking distance to Mary Brickell Village and Brickell City Center

On-site amenities include Capital Grille restaurant, property management, sundry shop, ATM, and full service mailing center

Newly renovated common areas

Flexible lease terms

Space available from 500 SF to 37,000 SF

11 Story, 200,379 RSF office building


“The Many Facets of Miami Dade” Thursday November 3, 2016

NAIOP | Property Ads & Facts

Project Name Brickell City Centre Brickell City Centre Three Brickell City Centre Project Address Two 98 SE 7th Street 78 SW 7th Street City / Zip Miami, FL 33130 Miami, FL 33131 Building Information

Owner / Developer Type (office, Warehouse, etc.) Status (New, Completed, Renovated) Year Build / Completion Date Number of Buildings Building Size (s) Number of Floors Floor Size Parking Ratio Minimum Available Maximum Contiguous Total Available Rental Rate / Operating Expense

Land Information

Swire Properties Office New/Completed 2016

2 Two Brickell City Centre – Approx. 128,000 RSF Three Brickell City Centre – Approx. 130,000 RSF 12 Approx. 17,000 RSF 2:1,000 Approx. 4,000 RSF 33,852 RSF 50,778 RSF $53.00 per RSF, Full Service

Owner / Developer Type (Land for Sale, Build-to-Suit) Total Acres Zoning Site Size Price

Contact Information

Contact Company Address Phone e-mail

Additional Information

Janette Driggers/Edward Owen, Swire Properties 799 Brickell Plaza, Suite 802 305.371.6888 office@brickellcitycentre.com Two Class A office buildings located within Brickell City Centre (“BCC”), providing office tenants with direct access to a variety of shops, international restaurants and cafes, a movie theater and EAST, Miami Hotel.

NAIOP SOUTH FLORIDA CHAPTER 1500 W Cypress Creek Rd, Ste 420, Ft. Lauderdale, FL 33309 Phone: (954) 990-5116 E-mail only to: naiop.info@naiopsfl.org

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NAIOP | Property Ads & Facts

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162


NAIOP | Property Ads & Facts 163

Miami, Meet Your City. Class A office space in the heart of Brickell


Located in the heart of the Financial District, the $1.05 billion Brickell City Centre stands as the crowning achievement in Swire Properties’ commitment to Brickell’s dynamic growth. Designed by award-winning architecture firm, Arquitectonica, both office towers are directly connected to Brickell City Centre’s 500,000 square foot retail center, anchored by Saks Fifth Avenue and Cinemex Theatre.

NAIOP | Property Ads & Facts

Heart of the city. Talk of the town.

Office tenants enjoy direct access to a variety of international restaurants and cafés, all within a few minutes’ walk, protected from the outside elements by the ™ trellis. EAST, Miami offers 352 guest rooms including eight suites and 89 residence suites. The hotel features signature restaurants Quinto La Huella and a 40th floor rooftop bar and garden, Sugar, along with 20,000 square-feet of meeting and event space with bay and city views.

164


“The Many Facets of Miami Dade” Thursday November 3, 2016

NAIOP | Property Ads & Facts

Project Name Miami Lakes Town Center Office Project Address Main Street/Town Center City / Zip 33014 Building Information

Owner / Developer Type (office, Warehouse, etc.) Status (New, Completed, Renovated) Year Build / Completion Date Number of Buildings Building Size (s) Number of Floors Floor Size Parking Ratio Minimum Available Maximum Contiguous Total Available Rental Rate / Operating Expense

Land Information

The Graham Companies Office Completed various n/a four (4) 30,000 rsf-80,000 rsf 2-4 15,000-20,000 rsf 4-5:1,000 826 rsf 20,609 rsf 62,134 rsf $15.25-$20.00NNN/rsf - $10.20-$11.70/rsf

Owner / Developer Type (Land for Sale, Build-to-Suit) Total Acres Zoning Site Size Price

Contact Information

Contact Company Address Phone e-mail

Additional Information

Carol Ellis-Cutler 777 Brickell Avenue, Miami, FL 33131 +1 305 381 6499 Carol.elliscutler@cbre.com      

On-Site Attentive Management 4/1,000 SF Parking Ratio at No Charge Immediate Proximity to I-75; SR 826; Close to I-95 and FL Turnpike Renovated Common-Areas; Move-In Condition Suites Offices with Wonderful Views of Tree-Lined Streets

NAIOP SOUTH FLORIDA CHAPTER 1500 W Cypress Creek Rd, Ste 420, Ft. Lauderdale, FL 33309 Phone: (954) 990-5116 E-mail only to: naiop.info@naiopsfl.org

165


T H E P R O M E N A D E • A R B O R P L A C E • L A U R E L C O U R T • P L A Z A R O YA L E

T O W N

C E N T E R

M I A M I

L A K E S ,

O F F I C E S F L O R I D A

THE PROMENADE

ARBOR PLACE

LAUREL COURT

PLAZA ROYALE

15100 NW 67th Avenue

15450 New Barn Road

15500 New Barn Road

15600 NW 67th Avenue

AVAILABLE SUITES

AVAILABLE SUITE

AVAILABLE SUITES

AVAILABLE SUITES

±3,299; 4,605; 5,011; 5,601; 20,609 RSF

±826 RSF

±1,110 & 2,084 RSF (Contiguous Units)

±2,784; 7,685; 7,694 RSF

PROPERTY BENEFITS

P R O P E R T Y F E AT U R E S

Four amazing buildings, united by a host of benefits.

The Town Center Office Buildings are walking distance to Main Street, featuring approximately 200,000 SF of retail shops.

+ On-site attentive management

+ Major Restaurants:

+ Banking Centers:

+ Service Amenities:

+ 4/1,000 SF parking Ratio at no charge

- Shula’s Steak 2

- Bank United

- Shula’s Hotel and Meeting Facilities

+ Immediate proximity to I-75; SR 826; close to I-95 and FL Turnpike

- Miller Ale House

- US Century Bank

- Shula’s Golf Course

- El Novillo

- Sun Trust

- Shula’s Athletic Club and Spa

- Vie de France

- Wells Fargo

- FedEx

- 100 Montaditos

- Chase

- Dry Cleaners

- Salsa Fiesta

- Bank of America

- Gerardo’s Marketplace

+ Renovated common-areas; move-in condition suites + Offices with wonderful views of tree-lined streets

NAIOP | Property Ads & Facts

AL L E B DIC ME A I L A & V E A FIC E S F O AC SP

And many more

CAROL ELLIS-CUTLER First Vice President +1 305 381 6499 carol.elliscutler@cbre.com

© 2016 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited. PMStudio_September2016

CB R E, I n c. | L ic e n s e d Re al Est a t e B ro ke r

w w w.cbre.com

T H E G R A H A M CO M PA N I ES

w w w.miamilakes.com

166


“The Many Facets of Miami Dade” Thursday November 3, 2016

NAIOP | Property Ads & Facts

Project Name Centergate II Project Address 5801 & 5821 E. 10th Avenue City / Zip Hialeah, FL 33013 Building Information

Owner / Developer Type (office, Warehouse, etc.) Status (New, Completed, Renovated) Year Build / Completion Date Number of Buildings Building Size (s) Number of Floors Floor Size Parking Ratio Minimum Available Maximum Contiguous Total Available Rental Rate / Operating Expense

Land Information

PRII Centergate 2, LLC / Gibson Development Warehouse/Distribution New 2016 4Q 2016 2 301,444 SF and 301,213 SF 1 301,444 SF and 301,213 1.1/1000 SF 100,000 SF 602,657 SF 602,657 SF $7.00/SF NNN w/ + $2.08/SF OPEX

Owner / Developer Type (Land for Sale, Build-to-Suit) Total Acres Zoning Site Size Price

Contact Information

Contact Company Address Phone e-mail

Additional Information

Fairchild Partners, Inc. 6705 Red Road, PH 604 305.668.0620 jjuncadella@fairchildpartners.com We will be showcasing the buildings directly to the south of the existing building (entrance through E 56th Street).

NAIOP SOUTH FLORIDA CHAPTER 1500 W Cypress Creek Rd, Ste 420, Ft. Lauderdale, FL 33309 Phone: (954) 990-5116 E-mail only to: naiop.info@naiopsfl.org

167


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NAIOP | Property Ads & Facts

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168


New, Class A Industrial Development in Central Location - 602,000 SF

NAIOP | Property Ads & Facts

FOR LEASE

Centergate is a 602,000 SF development composed of twin 301,000 SF buildings. True to its name, the site is centrally located and one of the developments furthest east in Miami-Dade County, which allows for tenants to have ideal access to both the Port of Miami and Port Everglades. Further, Centergate is directly to the north of Miami International Airport and adjacent to the CSX rail line. With advantages such as 32’ clear height, 54’ column spacing, 185’ truck court, and international brand tenants who have chosen the immediate area to establish their headquarters, Centergate is the best choice for top-tier industrial users in Miami-Dade.

169


32’ Clear Building Height

TOTAL SIZE 602,657 SF Class A Twin Buildings: 301,444 SF and 301,213 SF Min Contigous: 100,000 SF Max Contiguous: 602,657 SF RENTAL RATE $7.00/SF NNN Operating Expenses ± $2.08/SF

PARKING RATIO 1.1/1000 SF YEAR BUILT 2016 COMPLETION DATE 4Q 2016

54’ Column Spacing

185’ Truck Court

PROPERTY HIGHLIGHTS • 32’ Clear Building Height • 54’ Column Spacing • T-5 Energy Efficient Lights • 185’ Truck Court • Custom Office Buildout • ESFR Sprinkler System

NAIOP | Property Ads & Facts

T-5 Lights

24’ CLEAR VS 32’ CLEAR

170


RENDERINGS

NAIOP | Property Ads & Facts

SCAN QR CODE FOR PROPERTY VIDEO

171

SCAN QR CODE FOR ONLINE LISTING


RENDERINGS

NAIOP | Property Ads & Facts

Our team is proud to represent Centergate at Gratigny, from shovel to showings. We hope you enjoy your NAIOP tour of this exciting new development.

From left to right: Jose I. Juncadella, SIOR, Fairchild Partners; Stanley Davis, Foundry Commercial; Ford Gibson, Foundry Commercial; David Blount, Foundry Commercial; Sebastian Juncadella, Fairchild Partners

Fairchild Partners is a team of skilled experts in the South Florida market who provide cutting-edge and highly personalized commercial real estate services for customers who prefer a tailored approach to their needs.

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdraw without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property.

• Jose I. Juncadella, SIOR jjuncadella@fairchildpartners.com • Sebastian Juncadella sebjuncadella@fairchildpartners.com

T: 305.668.0620 WWW.FAIRCHILDPARTNERS.COM LICENSED REAL ESTATE BROKERS

172


“The Many Facets of Miami Dade” Thursday November 3, 2016

NAIOP | Property Ads & Facts

Project Name Countyline Corporate Park Project Address 3740 W 104th St City / Zip Hialeah, FL 33018 Building Information

Owner / Developer Type (office, Warehouse, etc.) Status (New, Completed, Renovated) Year Build / Completion Date Number of Buildings Building Size (s) Number of Floors Floor Size Parking Ratio Minimum Available Maximum Contiguous Total Available Rental Rate / Operating Expense

Land Information

Owner / Developer Type (Land for Sale, Build-to-Suit) Total Acres Zoning Site Size Price

Contact Information

Contact Company Address Phone e-mail

Additional Information

Flagler Global Logistics Warehouse New 2016/2017 2017 TBD 8,400,000 1 1:1,000 10,000 1,000,000 7,800,000 $6.84 NNN/$2.11

Flagler Global Logistics Land for Sale; BTS for lease or sale 500 acres M2 500 acres TBD Flagler Global Logistics 10505 NW 112th Ave, Suite 14, Miami, FL 33178 305.520.2114 Andrew.lehrer@flaglergl.com

NAIOP SOUTH FLORIDA CHAPTER 1500 W Cypress Creek Rd, Ste 420, Ft. Lauderdale, FL 33309 Phone: (954) 990-5116 E-mail only to: naiop.info@naiopsfl.org

173


FLAGLER G L O BA L L O G I S T I C S

A WORLD-CLASS LOGISTICS PARK

Multi-modal logistics location with excellent access to Florida’s Turnpike, I-75, the Palmetto Expressway, PortMiami, Port Everglades and Miami International Airport.

ANNOUNCING FLAGLER’S NEWEST BUSINESS PARK

NAIOP | Property Ads & Facts

IN A CENTRAL LOCATION FOR DISTRIBUTION THROUGHOUT MIAMI-DADE AND BROWARD COUNTIES AND BEYOND

174


NW 107TH AVE

DORAL

Phase 1

NW 138TH ST

NW 170TH ST

NW 154TH ST

ACCESS VIA OKEECHOBEE RD

PROPOSED TURNPIKE INTERCHANGE

LEASED

HIALEAH

RESIDENTIAL SITE PLAN

AMERICAN DREAM MIAMI

826

ACCESS VIA 138TH STREET VIA I-75

ACCESS VIA 138TH STREET

MIAMI LAKES

MIAMI GARDENS

3.5 Miles from Florida’s Turnpike NW 154TH ST

NW 1 02ND AVE

NW 97TH AVE

NW 170TH ST

Restaurants and other amenities nearby Bus service transportation along 97th Avenue Community park Asking lease rate: $6.84 NNN

NW 158TH ST

Phase 1

Approved entitlements allow for Industrial, Office, Retail and Hotel uses Flexible master plan can be altered with build-to-suit facilities to meet your company’s requirements

NW 162ND ST

Master planned business park with 8.4 MSF of entitlements Phase 1 is 95 net acres with more than 2.4 million SF of Class “A” warehouses available Building & Land sale opportunities

NW 107TH AVE

PHASE 1 ADVANTAGES

LEASED

PARK ACCESS

LEASED

NAIOP | Property Ads & Facts

SITE ACCESS

97TH AVE

175


AMENITIES WITHIN 5 MILES OF COUNTYLINE CORPORATE PARK

AMENITIES <5 MILES OF COUNTYLINE

8

Full Bus Service Transportation

10+ Schools,

5 Chain

Day-care, &

drug stores

Pre-schools

Centers

4 Full

2

10

5 Medical

Restaurants & Cafes

Port Everglades

595

Fort Lauderdale Airport

INTERSTATE

75

27

Pembroke Pines Miami-Dade/ Broward County line

Miramar

FECR

RAIL

COUNTYLINE CORPORATE PARK 826 Miami Lakes INTERSTATE

95

FLAGLER STATION Medley

FECR RAIL

Doral

836

INTERSTATE

95

Strategically located on the border of Miami-Dade and Broward Counties with immediate access to major transportation arteries (I-75, Floridaâ&#x20AC;&#x2122;s Turnpike and Palmetto Expressway) Countyline Corporate Park offers a competitive advantage with fast access to Miami International Airport, PortMiami and Port Everglades. Countyline is entitled, zoned and ready for your new facility, offering build-to-suits for lease or sale and land for sale. TRANSPORTATION NODES 17 Miles to MIA

Miami International Airport

826

Major retail stores

NAIOP | Property Ads & Facts

INTERSTATE

Weston

Service Hotels

Financial institutions

Sunrise

3 Publix Markets

19 MIles to PortMiami Port Miami

30 Miles to Port Everglades

CONTACT CHRIS SUTTON 305.805.3019 Chris.Sutton@flaglergl.com

ANDREW LEHRER 305.520.2114 Andrew.Lehrer@flaglergl.com

COUNTYLINE CORPORATE PARK NW 97th Avenue & NW 154th Street, Miami, FL

ANDREA MONTEJO 305.520.2324 Andrea.Montejo@flaglergl.com

FLAGLER G L O BA L L O G I S T I C S 176


“The Many Facets of Miami Dade” Thursday November 3, 2016

Project Name Bridge Point Crossroads EAST

NAIOP | Property Ads & Facts

Project Address 10901 – 11181 NW 146 ST City / Zip HIALEAH GARDENS, FL 33018 Building Information

Owner / Developer Type (office, Warehouse, etc.) Status (New, Completed, Renovated) Year Build / Completion Date Number of Buildings Building Size (s) Number of Floors Floor Size Parking Ratio Minimum Available Maximum Contiguous Total Available Rental Rate / Operating Expense

Land Information

BRIDGE DEVELOPMENT PARTNERS CLASS A INDUSTRIAL DEVELOPMENT UNDER CONTRUCTION 2017 JANUARY 2017 2 15002: 209,232 SF / 14802: 211,757 SF 1 15002: 209,232 SF / 14802: 211,757 SF +/-1 PER THOUSAND DIVISIBLE TO 20,770 SF 211,757 420,989 $8.95 PSF GROSS

Owner / Developer BRIDGE DEVELOPMENT PARTNERS Type (Land for Sale, Build-to-Suit) Total Acres Zoning I-1 HIALEAH GARDENS INDUSTRIAL ZONING Site Size Price

Contact Information

Contact Company Address Phone e-mail

Additional Information

CUSHMAN & WAKEFIELD 200 S. BISCAYNE BLVD, SUITE 2800, MIAMI, FL 33131 305-533-2890 MARGARET.SIDOR@CUSHWAKE.COM

NAIOP SOUTH FLORIDA CHAPTER 1500 W Cypress Creek Rd, Ste 406, Ft. Lauderdale, FL 33309 Phone: (954) 990-5116 E-mail only to: naiop.info@naiopsfl.org

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NAIOP | Property Ads & Facts

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178


CLASS A INDUSTRIAL PARK

+/- 920,000 SF FOR LEASE / BUILD TO SUIT NORTHWEST MIAMI-DADE COUNTY, FL 33018

NAIOP | Property Ads & Facts

WHERE FLORIDA’S TURNPIKE MEETS OKEECHOBEE ROAD (US 27)

BPC EAST: +/-20,770 - 420,989 SF FOR LEASE 15002 & 14802 NW 146 ST, MIAMI, FL 33018

PROJECT FEATURES

BUILDING FEATURES

• Bridge Point Crossroads will consist of +/-920,000 SF of Class A flexible warehouse/office configurations

• Class A, rear load, multi-bay

• Immediate access to US 27, Florida’s Turnpike, SR 826 and I-75 via NW 138th Street, in Northwest Miami-Dade County

• Offices built to suit • 180’ shared, fenced truck court

• Built-to-suit opportunities

• Clear height +/-32’

• Strategic distribution point servicing both Dade and Broward counties and their respective sea and airports

• 4 OH doors per bay

• Excellent local labor pool

• ESFR fire sprinkler system

• Stable and seasoned development and ownership group

• Parking +/-1 Per Thousand

• Column spacing 54’, 60’ staging bay

• T-5 energy efficient lighting • I-1 Hialeah Gardens Industrial Zoning

LEASE RATE: $8.95 PSF/GROSS

WWW.BPCMIAMI.COM

179


BRIDGE POINT CROSSROADS LOCATION BPC EAST

DELIVERY: DECEMBER 2016 +/-20,770 SF - 420,989 SF

BPC EAST NW 146TH STREET

BPC WEST

NW 107TH AVENUE

NW 109TH AVENUE

NW 112TH AVEN

UE

NW 146TH STREET

NW 144TH STREET

NW 142ND STREET

BPC SOUTH NW 140TH STREET

DELIVERY: MARCH 2017 +/-24,840 SF - 255,846 SF

TO SR 826/PALMETTO EXPY & I-95

BPC EAST: +/-20,770 - 420,989 SF FOR LEASE

NAIOP | Property Ads & Facts

NW 138TH STREET

WWW.BPCMIAMI.COM WAYNE RAMOSKI Executive Director (305) 533 2840 wayne.ramoski@cushwake.com

GIAN RODRIGUEZ Associate Director (305) 351 2452 gian.rodriguez@cushwake.com

MARGARET SIDOR CUSHMAN & WAKEFIELD OF FLORIDA, INC. Brokerage Coordinator 200 Biscayne Boulevard, Suite 2800 (305) 533 2890 Miami, Florida 33131 margaret.sidor@cushwake.com www.cushmanwakefield.com

180


“The Many Facets of Miami Dade” Thursday November 3, 2016

NAIOP | Property Ads & Facts

Project Name Miami International Tradeport Project Address 11440 NW 122nd Street, Bldg C City / Zip Medley, FL 33178 Building Information

Owner / Developer Type (office, Warehouse, etc.) Status (New, Completed, Renovated) Year Build / Completion Date Number of Buildings Building Size (s) Number of Floors Floor Size Parking Ratio Minimum Available Maximum Contiguous Total Available Rental Rate / Operating Expense

Land Information

Liberty Property Trust Warehouse/Distribution New December 2016 11 159,180 RSF 1 159,180 RSF 1/1,000 22,740 RSF 159,180 RSF 159,180 RSF

$8.95 – $9.25 Industrial Gross

Owner / Developer Liberty Property Trust, Owner Type (Land for Sale, Build-to-Suit) Total Acres 126 Zoning Site Size Price

Contact Information

Additional

Liberty Property Trust Contact Company 750 Park of Commerce Blvd, Boca Raton, FL 33487 Address 561.999.0310 Phone psheridan@libertyproperty.com e-mail • 32’ clear height • 210’ deep Information • 54’ x 50’ column spacing typical with a 60’ speed bay • 200’ shared truck court • 44 dock high doors + 2 oversized doors with ramps • Impact glass, T-5 lighting, ESFR • 1:1000 car parking

NAIOP SOUTH FLORIDA CHAPTER 1500 W Cypress Creek Rd, Ste 420, Ft. Lauderdale, FL 33309 Phone: (954) 990-5116 E-mail only to: naiop.info@naiopsfl.org

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NAIOP | Property Ads & Facts

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_____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________

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NAIOP | Property Ads & Facts

Miami International Tradeport | Medley, Florida

Miami International Tradeport | Medley, Florida

Libertyâ&#x20AC;&#x2122;s industrial portfolio includes regional warehouse, national distribution centers, light manufacturing and assembly facilities, as well as R&D and flex space.

183


NAIOP | Property Ads & Facts

libertyproperty.com

184


“The Many Facets of Miami Dade” Thursday November 3, 2016

NAIOP | Property Ads & Facts

Project Name Flagler Station Project Address 10505 NW 112 Avenue City / Zip Miami, FL 33178 Building Information

Owner / Developer Type (office, Warehouse, etc.) Status (New, Completed, Renovated) Year Build / Completion Date Number of Buildings Building Size (s) Number of Floors Floor Size Parking Ratio Minimum Available Maximum Contiguous Total Available Rental Rate / Operating Expense

Land Information

Owner / Developer Type (Land for Sale, Build-to-Suit) Total Acres Zoning Site Size Price

Contact Information

Contact Company Address Phone e-mail

Additional Information

AEW Capital Management / Blackstone Warehouse/Industrial New/Completed 1989-2016 38 1 3,420 SF 150,000 SF 4,949,957 SF $8.50 - $16.00 Industrial Gross

Stuart T. Gordon, SIOR Flagler 10505 NW 112 Avenue, Suite 14 305.805.3012 stuart.gordon@flaglerdev.com matthew.bittel@flaglerdev.com

NAIOP SOUTH FLORIDA CHAPTER 1500 W Cypress Creek Rd, Ste 420, Ft. Lauderdale, FL 33309 Phone: (954) 990-5116 E-mail only to: naiop.info@naiopsfl.org

185


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NAIOP | Property Ads & Facts

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186


187

FLAGLER STATION

• Easy access to SR 836 (Dolphin Expressway), SR 826 (Palmetto Expressway), US 27 (Okeechobee Road), PortMiami, Port Everglades and Miami international Airport

www.flaglerdev.com

• Beautifully landscaped corporate campus with ample on-site amenities

• Established corporate park, home to companies like Ryder System, FedEx, Crowley, and Carrier

• Foreign Trade Zone

• Roving security guard

• Wide array of housing for executives and workers in easy driving distance

4,000 - 200,000 SF CLASS-A WAREHOUSE

10505 NW 112 AVENUE, MIAMI, FL 33178

NW 106TH ST

• Immediate access to Florida Turnpike via park’s own interchange

NW 107TH AVE

NAIOP | Property Ads & Facts


305.804.1104 Matthew.Bittel@f laglerdev.com

www.flaglerdev.com

Matthew Bittel, SIOR

305.333.2919 Stuart.Gordon@f laglerdev.com

FOR MORE INFORMATION, CONTACT:

FLAGLER STATION II

Stuart Gordon, SIOR

FLAGLER STATION I

NAIOP | Property Ads & Facts

188

6 HOTELS Including Marriott Courtyard and Residence Inn on site

5 RE ST AU RANT CL U ST E RS

3 PU B L I X MARK E T S

8 CHAI N D RU G ST O RE S

5 D RY CL E ANE RS

3 MAJO R ME D I CAL CE NT E RS

1 0 + D AYCARE / PRE - SCHO O L S I n c lud in g o n e at F la gle r St at io n

1 0 + SCHO O L S

AMENITIES < 5 MILES OF FLAGLER STATION


“The Many Facets of Miami Dade” Thursday November 3, 2016

NAIOP | Property Ads & Facts

Project Name Airport North Logistics Park Buildings 2 & 3 Project Address 8501 & 8503 NW 80 ST City / Zip MEDLEY, FL 33166 Building Information

Owner / Developer Type (office, Warehouse, etc.) Status (New, Completed, Renovated) Year Build / Completion Date Number of Buildings Building Size (s) Number of Floors Floor Size Parking Ratio Minimum Available Maximum Contiguous Total Available Rental Rate / Operating Expense

Land Information

L&B REALTY ADVISORS CLASS A INDUSTRIAL DEVELOPMENT UNDER CONTRUCTION 2016 SUMMER 2017 2 (PHASE ONE WILL BE TOTAL OF 4, BLDG 1 LEASED) BLDG 2: 280,164 SF / BLDG 3: 257,074 SF 1 BLDG 2: 280,164 SF / BLDG 3: 257,074 SF +/-1 PER THOUSAND (488 PARKING SPACES) DIVISIBLE TO 23,760 SF 280,134 537,208 $9.25 PSF GROSS

Owner / Developer L&B REALTY ADVISORS Type (Land for Sale, Build-to-Suit) Total Acres 45 ACRES Zoning Site Size M-1 MEDLEY INDUSTRIAL ZONING Price

Contact Information

Contact Company Address Phone e-mail

Additional Information

CUSHMAN & WAKEFIELD 200 S. BISCAYNE BLVD, SUITE 2800, MIAMI, FL 33131 305-533-2890 MARGARET.SIDOR@CUSHWAKE.COM

NAIOP SOUTH FLORIDA CHAPTER 1500 W Cypress Creek Rd, Ste 406, Ft. Lauderdale, FL 33309 Phone: (954) 990-5116 E-mail only to: naiop.info@naiopsfl.org

189


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NAIOP | Property Ads & Facts

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190


ALP

AIRPORT NORTH LOGISTICS PARK

NAIOP | Property Ads & Facts

CLASS A INDUSTRIAL PARK +/- 900,000 SF

WWW.ALPMIAMI.COM

ALP BUILDINGS 2 & 3

UP TO +/-537,208 SF AVAILABLE FOR LEASE

BUILDING 1 LEASED

191


LEASE RATE: $9.25 PSF/GROSS LOCATION

+/-220’

BUILDING 2

BUILDING 3

+/-280,134 SF

+/-257,074 SF

8503

BUILDING 4

Park (ALP) offers an ideal location just 5 miles from Miami International Airport

PROPOSED

+/-106,600 SF

+/-120’

+/-1153’

+/-1153’

8501

+/-410’ +/-260’

+/-240’

of NW 87th Avenue and immediately North of NW 74th Street, Airport North Logistics

and 13 miles from Port Miami. The 45 Acre master planned industrial park is quickly accessed off the Palmetto Expressway or via the Florida Turnpike using the

+/-190’

widened and improved six lane, NW 74th Street.

+/-255,900 1SF BUILDING

+/-870’

8502

+/-120’

+/-290’

Class “A”, rear load, multi-bay Divisible to +/-23,760 SF Offices built to suit 190’ concrete truck court Clear height 31’8” to 34’ 4 OH doors per bay End cap ramps Column spacing 54’ 60’ staging bay ESFR fire sprinkler system 488 Parking Spaces T-5 energy efficient lighting M-1 Medley Industrial Zoning

2

3

4 NW 80TH ST

NW 80TH ST

1

NW 74TH ST

NW 79TH PL

LEASED

• • • • • • • • • • • • •

NW 82ND PL

BUILDING FEATURES

NW 87TH AVE

NW 80TH ST

NW 87TH AVE

TO NW 87TH AVE

NAIOP | Property Ads & Facts

+/-120’

Conveniently located just East

NW 74TH ST

SCAN FOR PROPERTY VIDEO

WWW.ALPMIAMI.COM 192


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Profile for NAIOP

NAIOP 2016 MIAMI-DADE  

NAIOP 2016 Miami-Dade Bus Tour

NAIOP 2016 MIAMI-DADE  

NAIOP 2016 Miami-Dade Bus Tour

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