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Page 1

2018 BROWARD BUS TOUR September 27, 2018

KICKOFF DIAMOND SPONSORS


BR

S

OUNTY C D R A B U W O

R TOU

KICK OFF 2018

pdbgroup.com


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

1

Broward Bus Tour Committee......................

2

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

3

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

35

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

39

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

47

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

59

Itinerary Detailed Property Information.......

61

Professional Service Ad..............................

153


Dear Broward County Bus Tour Participant; Welcome to the Broward Bus Tour “Kick Off� to bus tour season. 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 great business connections. NAIOP South Florida is constantly looking to improve our programming and networking events. NAIOP receives feedback from its Board of Directors, members and attendees through board meetings, and 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 creating events that inform our members, and our public affairs push in Tallahassee and in Washington DC. 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. 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 Sunbeam Properties and Riviera Point, for going above and beyond. Finally, I want to especially thank our Broward County Bus Tour Committee Chair, Lauren Pace of Sunbeam Properties, for her dedication and for stepping up to the plate and thriving on her first year as our committee chair, and to her committee - Marty Busekrus of Ciminelli Real Estate Services of Florida, Mark Corlew of Grover Corlew, Merritt Etner of Cushman & Wakefield, David Ramsey of Florida Bond & Mortgage, Inc., Danielle Story of Stiles, and Adam Tiktin of Tiktin Real Estate Investment Services. Enjoy your bus tour!

Jules R. Morgan Executive Director

1

1500 W. Cypress Creek Rd., Suite 420, Ft. Lauderdale, FL 33309

Tel: (954) 990-5116

Fax: (954) 990-5496


BROWARD BUS TOUR COMMITTEE 

Lauren Pace Sunbeam Properties & Development Committee Chair

Marty Busekrus Ciminelli Real Estate Services of Florida

David Ramsey Florida Bond & Mortgage, Inc.

v

Mark Corlew Grover Corlew

Danielle Story Stiles

Merritt Etner Cushman & Wakefield

Adam Tiktin Tiktin Real Estate Investment Services

2


NAIOP | Gemstone Partner | Diamond

You’ve built your business by serving your clients’ best interests. So have we. Our commercial clients know the value of doing business with BB&T. Our consultative approach allows us to understand your business and provide insights to drive the performance of your business forward. For more than 140 years, we’ve built relationships by creating long-lasting partnerships that extend beyond deals and transactions. Experience the difference when one of the strongest and most respected banks in the nation is also part of your community. BBT.com

Colin Orrett, Senior Vice President 786-514-5454 COrrett@BBandT.com

B A N K I N G

.

I N S U R A N C E

.

I N V E S T M E N T S

Member FDIC. Only deposit products are FDIC insured. BBT.com © 2016, Branch Banking and Trust Company. All rights reserved.

3


MIAMI

305-400-0760

FT. LAUDERDALE 954-628-5355

BOCA RATON 561-572-9887

WEST PALM BEACH 561-572-9887

AVAILABLE

OFFICE SPACE AVAILABLE ACROSS THE TRI-COUNTY REGIONS OF SOUTH FLORIDA

NAIOP | Gemstone Partner | Diamond

CLIENT FOCUSED RESULTS DRIVEN

www.tower-cre.com

4


NAIOP | Gemstone Partner | Emerald

QUALITY COUNTS When it comes to your industrial space, don’t settle for second best. Instead choose a high-quality industrial facility from Duke Realty. We’ve been developing industrial buildings for more than 45 years and know how critical the design, materials and workmanship are to our tenants’ operations. So from start to finish, we make sure everything we build is first-class.

dukerealty.com

5


NAIOP | Gemstone Partner | Emerald

6


NAIOP | Gemstone Partner | Emerald

Think about work differently. Space matters.

Brandon Martinez|Market President bmartinez@workscapes.com t: 305.400.8101 workscapes.com

7


NAIOP | Gemstone Partner | Ruby

8


NAIOP | Gemstone Partner | Ruby 9

Possibilities Unleashed EXPLORING ENDLESS POSSIBILITIES Fort Lauderdale’s Community Redevelopment Area

South Florida

A surge of new development in Fort Lauderdale is spreading west as millions of dollars worth of investment revives a once overlooked neighborhood proximate to downtown. Situated in the heart of Fort Lauderdale, close to the vibrant Central Business District and bordering the trendy Flagler Village, Fort Lauderdale’s Progresso Village and Historic Sistrunk abounds with potential. A transformation is expected in the next five years as public and private investment flows in to the neighborhood. Be at the forefront of the renaissance and join the developers, business owners and investors flooding to Fort Lauderdale’s Progresso Village and Historic Sistrunk. Connect with our dedicated professionals today to learn more. Exclusive Real Estate Consultants to the City of Fort Lauderdale

colliers.com


Real estate has fueled Florida’s growth since railway pioneers first stitched the state with tracks. Today, Gunster advocates for the people and businesses who keep Florida growing — the borrowers, investors and builders — and those who keep it going — the transportation authorities, airports, railways and ports. Our long-standing client partnerships include the state’s largest companies, which means we play an integral role in some of Florida’s largest deals.

FROM ROADS AND RAILS TO BRICKS AND MORTAR

Real estate has fueled Florida’s growth since railway Gunster. Statewide and state wise. pioneers first stitched the state with tracks. Today, Gunster advocates for the people and businesses who keep Florida growing — the borrowers, investors and builders — and those who keep it going — the transportation authorities, airports, railways and ports. Our long-standing client partnerships include the state’s largest companies, which means we play an integral role in some of Florida’s largest deals. That singular focus on our home soil reaches back to our roots as a firm founded in 1925. Today, with almost 200 attorneys in 18 practice areas across the state, we are even more immersed in Florida’s growth and its future. Gunster. Statewide and state wise.

NAIOP | Gemstone Partner | Ruby

That singular focus on our home soil reaches back to our roots as a rm founded in 1925. Today, with almost 200 attorneys in 18 practice areas across the state, we are even more immersed in Florida’s growth and its future.

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

B O C A R AT O N • F O R T L A U D E R D A L E • J A C K S O N V I L L E • M I A M I • O R L A N D O • PA L M B E A C H • S T U A R T TA L L A H A S S E E • TA M PA • T H E F L O R I D A K E Y S • V E R O B E A C H • W E S T PA L M B E A C H • W I N T E R PA R K

10


NAIOP | Gemstone Partner | Ruby 11

A HISTORY OF SUCCESS BUILT FOR THE FUTURE

Name of Complex Goes Here Longer Here Cityname, ST $xx,xxx,xxx

Name of Complex Cityname, ST $xx,xxx,xxx

Complex Goes Cityname, ST $xx,xxx,xxx

Name of Complex Goes Here Cityname, ST $xx,xxx,xxx

Name of Complex Goes Here Cityname, ST $xx,xxx,xxx

Name of Complex Goes Here Longer Here Cityname, ST $xx,xxx,xxx

Name of Complex Cityname, ST $xx,xxx,xxx

Goes Here Cityname, ST $xx,xxx,xxx

Name of Complex Goes Here Longer Here Cityname, ST $xx,xxx,xxx

Name of Complex Cityname, ST $xx,xxx,xxx

Name of Complex Cityname, ST $xx,xxx,xxx

Name of Complex Goes Here Cityname, ST $xx,xxx,xxx

For nearly 50 years, we’ve helped our clients create and preserve wealth for today, tomorrow and generations to come. Let us use our unique combination of expertise and access to help you maximize returns and get more out of your investments.

Real Estate Investment Sales Financing Research Advisory Services

Fort Lauderdale Office

Miami Office

Ryan Nee Vice President / Regional Manager (954) 245-3400

Scott Lunine Vice President / Regional Manager (786) 522-7000

ryan.nee@marcusmillichap.com

scott.lunine@marcusmillichap.com

MarcusMillichap.com


Shaping Our Future NAIOP | Gemstone Partner | Sapphire

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, leasing, public private initiatives, and litigation.

Eric D. Rapkin, Chair, Real Estate Practice Group Fort Lauderdale, FL T: 954 759 8962 eric.rapkin@akerman.com 700+ Lawyers, 24 Offices akerman.com Š2018 Akerman LLP. All rights reserved.

12


NAIOP | Gemstone Partner | Sapphire

A Different Approach to Office and Industrial Real Estate 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. Serving owners and occupiers in Florida with 7 offices throughout the state and 84 offices across North America and Europe. Miami

Fort Lauderdale

www.avisonyoung.com Partnership. Performance.

13

Boca Raton

West Palm Beach


BergerBestofAd-18.qxp_Layout 1 9/4/18 6:30 PM Page 1

Since 1998, we have been dedicated to providing in-depth market knowledge, comprehensive brokerage services, and highly effective management expertise for office, retail, multifamily and industrial properties throughout Florida and beyond. Call or visit us online to learn more about how we can help you meet your commercial real estate needs. Miami-Dade / Broward County 11350 Interchange Circle North Miramar, FL 33025 Phone: 305.830.0900

Greater Fort Lauderdale 1600 S.E. 17th Street, Suite 200 Fort Lauderdale, FL 33316 Phone: 954.358.0900

NAIOP | Gemstone Partner | Sapphire

EXPERIENCE THE POWER OF MARKET KNOWLEDGE

Palm Beach County 2240 Woolbright Road, Suite 300 Boynton Beach, FL 33426 Phone: 561.613.0900

www.BergerCommercial.com

14


BRODY & ASSOCIATES

NAIOP | Gemstone Partner | Sapphire

CERTIFIED PUBLIC ACCOUNTANTS Exceeding Expectations®

REAL ESTATE

Y & ASSOCIA

INTERNATIONAL TAX BIG-4 CPAs Real Estate Funds (Tax advantaged structures with foreign investors) Qualified Opportunity Zones (IRC Section 1400Z) Advanced Tax Mitigation Strategies

MIAMI | FORT LAUDERDALE | BOCA RATON 305.931.2225 | BACPA.COM

15


NAIOP | Gemstone Partner | Sapphire

NAIOP

Proud to support & KICK OFF its 2018 bus tour season

BIPC.com Fort Lauderdale | Miami | 17 Offices Nationwide

16


NAIOP | Gemstone Partner | Sapphire

WE KNOW SOUTH FLORIDA.

CBRE knows South Florida. Through our industry leading perspectives, scale and deep expertise, we deliver outcomes that drive business and bottom-line performance for every South 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 1100 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

CBRE, Inc. | Licensed Real Estate Broker

17

FORT LAUDERDALE

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

Build on Advantage


Goes Long And Scores Big For Our Clients With The Recent Completion Of Two Exciting Projects:

Taking the parking garage to a whole new level!

Sawgrass Bend Commerce Center Building C and Emser Tile Distribution Complex 215,000 SF of superior tilt-wall construction.

NAIOP | Gemstone Partner | Sapphire

Gables Auto Vault

Current Builders, Broward County Based and Committed since 1972 2251 Blount Road, Pompano Beach, FL 33069 T: 954.977.4211 W: currentbuilders.com

18


NAIOP | Gemstone Partner | Sapphire

WE NEGOTIATE. WE CREATE. WE REDEFINE. WE SPEARHEAD. WE NAVIGATE.

FOR OUR CLIENTS cushmanwakefield.com/action

I D E A S I N TO AC T I O N

19


NAIOP | Gemstone Partner | Sapphire

20


NAIOP | Gemstone Partner | Sapphire

GFA INTERNATIONAL, INC.

Florida’s leading full-service engineering source since 1988 with the experience to handle any project that you can build.

Core services include: Environmental Due Diligence Industrial Hygiene Consulting Environmental Health & Safety Geotechnical Engineering Construction Materials Testing Threshold & Special Inspections Building Code Compliance Plan Review Services Condition Assessments 40 Year Building Certification

Offices Throughout Florida

800.226.7522 teamgfa.com

21


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.

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.

NAIOP | Gemstone Partner | Sapphire

A Family Tradition of Service Since 1932.

For leasing information please contact Steve Style, Vice President of Marketing, 305-817-4025 • steve.style@grahamcos.com The Graham Companies • 6843 Main Street • Miami Lakes, Florida 33014

www.MiamiLakes.com

22


18GroverCorlew-NAIOP-8.5x11.qxp_Layout 1 9/5/18 10:56 AM Page 1

Real Estate Investment Management Group

Newly Renovated Office Properties in Broward County NAIOP | Gemstone Partner | Sapphire

Mixed-use Redevelopment Planned

Bank of America Building

2335 East Atlantic Blvd. 8,000 sq.-ft. ground floor retail space available $25 NNN

Chase Building

2401 East Atlantic Blvd. $21 Modified Gross

3,100 sq.-ft. move-in ready office space $24 Full Service Gross

“POMPANO IS POPPING”

--South Florida Business & Wealth Magazine

50 NE 26th Ave.

$17 – $21 Modified Gross

• Commercial development projects • A mixed-use and pedestrian friendly downtown • New upscale destination dining, shopping and hotels • Luxury housing condominiums and apartments • Civic and cultural centers

For more information call: Grover Corlew at 954.516.7001 Proud Gemstone Partner of NAIOP South Florida

23


Itasca Construction Associates Proud Sponsor of the 2018

N A I O P B R O WA R D C O U N T Y B U S T O U R

Dr. Glick Margate, FL

3Z Telecom Miramar, FL

Cubesmart Weston, FL

Office - Industrial - Retail - Tenant Improvements Renovations - Build to Suit

NAIOP | Gemstone Partner | Sapphire

Riviera Point 5 Story Miramar, FL

36 Years of Serving South Florida Itasca Construction Associates, Inc. 6420 Congress Avenue, Suite 1900, Boca Raton, Florida 33487 Phone 561-241-4999 Fax 561-241-7367 www.itascaconstruction.com

24


Delivering 4Q 2018

850,000 s.f. Premiere Class A warehouse/distribution space.

G AT E W AYC O M M E R C E M I A M I . C O M Leased by:

Owned by:

Brian Smith | smith.brian@am.jll.com Audley Bosch | audley.bosch@am.jll.com Lic. Real Estate Brokers



     

Direct access

           

826

Equidistant driving time to main ports and airports: 17-min drive to FLL

 

NAIOP | Gemstone Partner | Sapphire

In the center, where Turnpike meets I-95.

Building 3

19-min drive to MIA

112

19-min drive to PortMIA

836

 

18-min drive to Port Everglades



Š 2018 Jones Lang LaSalle, Inc. All rights reserved. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof.

25


2935 West Corporate Lakes Blvd.

Liberty Property Trust is proud to support

NAIOP South Florida 11401 North West 134th Street

NAIOP | Gemstone Partner | Sapphire

11450 North West 122nd Street

6017 Southern Blvd.

libertyproperty.com

26


NAIOP | Gemstone Partner | Sapphire

GET OUR INSIGHT, CLOSE DEALS FASTER.

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 DESIGN / BUILD

27

PRECONSTRUCTION

GENERAL CONTRACTOR

I

954.764.6550 PROGRAM MANAGEMENT

SPECIAL PROJECTS


PiersonGrant-8.5x11NAIOP-FtLaud18.qxp_Layout 1 8/7/18 9:49 AM Page 1

Bill Gates

NAIOP | Gemstone Partner | Sapphire

“If I was down to my last dollar, I would spend it on public relations.”

Public Relations | Marketing | Social Media Graphic Design | Websites | Advertising 954.776.1999 | PiersonGrant.com

Proud Gemstone Partner of NAIOP South Florida

28


NAIOP | Gemstone Partner | Sapphire

AIU_RSC_Real_Estate_Banner_AD.pdf

1

10/13/17

C

M

Y

CM

MY

CY

CMY

K

Commercial Real Estate Simplify the risk of buying, selling, managing, developing or redeveloping property. Risk Strategies Real Estate Practice is the country’s leading specialty real estate insurance brokerage and risk management advisor. Single location to national portfolio, your business is our focus.

OWNERSHIP, LEASING OR MANAGING REAL ESTATE: • Portfolio insurance coverage • Detailed allocation of premiums to individual locations • Contract and lease negotiation assistance • Liability safety assessments • Claims management

29

4:01 PM

DEVELOPMENT AND RE-DEVELOPMENT: • Builders Risk negotiation and placement • Owners, Contractors Liability (OCP) negotiation and placement

ACQUISITION AND DISPOSITION OF ASSETS: • Property valuation modeling • Engineering inspection due diligence • Weather related catastrophic exposure modeling, including windstorm, flood and earthquake exposure • Environmental Due Diligence


NAIOP | Gemstone Partner | Sapphire

30


NAIOP | Gemstone Partner | Sapphire

Miramar-NAIOP-Trophys-8.5X11 v2.qxp_Layout 1 9/6/18 5:48 PM Page 1

Sunbeam Properties & Development • 954.450.7900

31


NAIOP | Gemstone Partner | Sapphire

Find Your Space.

Office Space | Flex Space We aim to provide our tenants with socially responsible and environmentally conscious office and flex spaces with the amenities of large metropolitan cities and the comforts of the suburbs. workspaceproperty.com | 954-391-5503

32


33

NAIOP | Gemstone Partner | Sapphire


NOTES ______________________________________________________________________________________________

______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________

NAIOP | Gemstone Partner | Sapphire

______________________________________________________________________________________________

______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ 34


NAIOPNAIOP | Property | OnAdvertisements the Map

Luxury Office and Retail For Lease

2335 E. Atlantic Blvd., Pompano Beach

3,100 RSF UPSCALE OFFICE SUITE 8,000 RSF STREET RETAIL In the Heart of Downtown Pompano

Suite 300

Another Signature Property by

35


ERIN BYERS

VICE PRESIDENT +1 786 517 4976 erin.byers@colliers.com

BRIDGE POINT RIVERBEND

NAIOP NAIOP | Property | Market Advertisements Research

FOR -2201 W BROWARD BOULEVARDFort Lauderdale, Florida

LEASE New Construction completed in Q3 2018

221,542 SF

Industrial/Warehouse Building

STEVE WASSERMAN

EXECUTIVE VICE PRESIDENT +1 954 850 6487 steven.wasserman@colliers.com

36


ALFIE HAMILTON

UNIVERSITY PROFESSIONAL CENTER

FOR -1248 N UNIVERSITY DRIVEPlantation, Florida

NAIOPNAIOP | Property | OnAdvertisements the Map

EXECUTIVE VICE PRESIDENT +1 954 453 6050 alfie.hamilton@colliers.com

LEASE New Office Building in Plantation Up to 63,600 SF of contiguous space available

37


impeccably designed, 32-acre development with 180,000 square feet of retail, a full-service hotel, Class A office, and luxury rental homes. Plantation Walk infuses resort-level hospitality throughout a walkable, seamlessly connected community of shopping, dining, entertainment, living and working. It’s more than just another place to go, it’s a place to be—a hub of local art and activity that delivers the luxury of modern South Florida.

LIVE

WORK

PLAY

700

177,000

180,000

LUXURY APARTMENTS

OFFICE SQUARE FEET

RETAIL SQUARE FEET

NAIOP NAIOP | Property | Market Advertisements Research

In the heart of Plantation, Encore Capital Management is creating an

Now leasing retail and office space For more information, please contact us. John M. Mitchell Vice President Retail Leasing (301) 633-3385

John W. Dowd Vice President Retail Development (561) 373-5000

38


Itasca Construction Associates Proud Sponsor of the 2018

NAIOP | Drink Sponsor

N A I O P B R O WA R D C O U N T Y B U S T O U R

Riviera Point 5 Story Miramar, FL

Dr. Glick Margate, FL

3Z Telecom Miramar, FL

Cubesmart Weston, FL

Office - Industrial - Retail - Tenant Improvements Renovations - Build to Suit 36 Years of Serving South Florida Itasca Construction Associates, Inc. 6420 Congress Avenue, Suite 1900, Boca Raton, Florida 33487 Phone 561-241-4999 Fax 561-241-7367 www.itascaconstruction.com

39


Itasca Construction Associates Quality Service Integrity Tampa Bay (813)975-8900

Georgia (770) 449-6700

QUALITY The quality of the projects we build is of the highest priority in our company. The product that we produce is our pride of workmanship on public display.

SERVICE Itasca Construction provides personalized service to each and every client regardless of the project size or type. Each job is the most important we do.

INTEGRITY Our reputation is our most valuable asset. Our company was founded on the principle of providing the highest levels of quality, service and integrity. We seek to build lasting relationships with companies who value these ideals and people who share this vision.

36 Years of Service South Florida

NAIOP | NAIOP Itinerary ResearchInformation NAIOP |Detailed | Market Drink Property Sponsor

South Florida (561) 241-4999

Itasca Construction Associates, Inc. 6420 Congress Avenue, Suite 1900, Boca Raton, Florida 33487 Phone 561-241-4999 Fax 561-241-7367 www.itascaconstruction.com

40


EXCEL CONSTRUCTION LOCALLY-OWNED GENERAL CONTRACTOR SERVING SOUTH FLORIDA SINCE 1997

DESIGN BUILD SERVICES PROJECT MANAGEMENT SERVICES

CGC 1520698 11860 WEST STATE ROAD 84 SUITE B11 DAVIE, FL 33325 954-436-4588 EXCELSF.COM

X

C

E L

41

800+ INTERIOR BUILD-OUTS

E

NAIOP |

Goodie Bags Sponsor

2.5 MILLION SQFT OF TILT WALL


Your design + build partner from concept to completion

NAIOP | Koozie Sponsor

ADAPTIVE REUSE

COMMERCIAL

CHICAGO

INDUSTRIAL

MIAMI

INTERIORS

LOS ANGELES

MEDICAL

MULTIFAMILY

NEW JERSEY

pdbgroup.com

CA 1005104

FL 1517224

TN 0064077

LA 46706

42


Koozies Sponsor NAIOP |

Vivo by Roger White Stoller

43

tamarac.org


Owner’s Representative Office Industrial Interiors

NAIOP | Bottled Water Sponsor

osharpe@sharpeproj.com

Tel: 954-832-9095

www.sharpeproj.com

44


18GroverCorlew-NAIOP-8.5x11-2.qxp_Layout 1 9/7/18 3:43 PM Page 1

Real Estate Investment Management Group

NAIOP | Bottled Water Sponsor

Acquisition | Development | Management

2335 E. Atlantic Boulevard | Suite # 300 | Pompano Beach, FL 33062 954.516.7001 | info@grov ercorlew.com | grovercorlew.com

Atlanta | Boca Raton | Fort Lauderdale | Orlando

Proud Gemstone Partner of NAIOP South Florida

45


Experience the Power of Market Knowledge Berger Commercial Realty 1600 SE 17th Street Causeway, Suite 200 Fort Lauderdale, FL 33316 Main: 954.358.0900 Fax: 954.358.0901

FOR MORE INFO CALL: 954.358.0900

NAIOP | Lanyard Sponsor

WHO WE ARE Berger Commercial Realty Corp. is dedicated to the consistent delivery and execution of commercial real estate services while continually embracing the clients' individual business goals. OUR HISTORY Berger Commercial Realty Corp., founded in 1998, is a full service commercial real estate firm. As a local, independent and privately owned firm, we can customize our services and quickly adapt to our clients' needs as well as the continually changing real estate markets.

Brokerage Whether you are looking to buy, sell or lease office, industrial or retail property, we will help protect your economic interests and the value of your assets. Local, independent and privately owned, we customize our services and quickly adapt to our clients' needs with expert strategy and service.

Management Services Berger Commercial provides comprehensive, cost-effective property management to both institutional and non-institutional owners.

Construction/Project Management

Berger Commercial’s integrated expertise allows owners to reach their specific financial and operational objectives, whether in completing tenant improvements or extensive capital and redevelopment projects.

Berger Special Assets Berger Special Assets, a subsidiary of Berger Commercial Realty, handles a variety of distressed situations including non-performing and under-performing loans and assets.

BergerCommercial.com

46


MARKETBEAT

Broward County Office Q2 2018

Economy

BROWARD COUNTY OFFICE

Broward County’s solid economic growth pushed the unemployment rate to

Economic Indicators

NAIOP | Market Research

Q2 17

12-Month Forecast

Q2 18

3.2%, a decline of -60 basis points (bps) year-over-year and adding +18,000 new jobs. Expansion by business service firms and increased population to the

Broward County Employment

990k

1.0M

area were economic drivers to job growth. Professional & Business Services

Broward County Unemployment

3.8%

3.2%

increased +2.4%, adding +3,600 new jobs and financial activities job growth of

U.S. Unemployment

4.3%

3.8%

+1,600 jobs, an increase of +2.8 over last year. A diversified economy, flourishing housing market and the need for new space options set the pace for continued growth in Broward’s office market.

*Numbers above are monthly figures, June 2018, FL Dept. Economic OPP

Market Indicators (Overall, All Classes) Q2 17

Q2 18

12.5%

11.7%

YTD Net Absorption (sf)

-34k

105k

Under Construction (sf)

214k

255k

Average Asking Rent*

$29.43

$30.48

Vacancy

12-Month Forecast

over-year. Class A vacancy fell and hovered just above single digits at 10.0%, a decrease of -180 bps over last year, and which represents only 1.1 million square feet (msf) of available Class A space throughout the market. Leasing activity remained robust during the first two quarters of the year, especially in Class B assets which accounted for approximately 50% of all

4-QTR TRAILING AVERAGE

250,000

$40.00 $35.00

200,000

$30.00

150,000

$25.00

100,000

$15.00

$20.00 $10.00

50,000

$5.00 2015

year, as leasing activity increased, absorption remained positive and asking lowest rate during this 10-year cycle to 11.7%, a decrease of -80 bps year-

Overall Net Absorption/Overall Asking Rent

2014

Demand for office space in Broward County improved during the first half of the rental rates peaked in core submarkets. The overall vacancy rate fell to the

*Rental rates reflect gross asking $psf/year

0

Market Overview

2016

Net Absorption, MSF

2017

$0.00

2018

leases signed. One reason was tenants opting out of Class A space to benefit from lower rents in Class B assets. Another reason was the lack of quality Class A space in the market that meets today’s tenant’s needs. This accounted for the increased interest in secondary submarkets like Cypress Creek/Commercial and West Broward which continued to outperform the overall market with over 610,554 square feet (sf) of leasing activity year-todate. Full service overall asking rental rates for Class A space in the CBD remained relatively unchanged year-over-year at $46.25 psf, even as overall vacancy dipped 190 bps to 10.8%. Tenant’s demand for Class A CBD office resulted in +97,582 sf of leasing activity during the first half of the year.

Asking Rent, $ PSF The combined 255,000 sf of office space under construction, scheduled to deliver by the end of the year, was only 34.3% preleased. Building owners in existing properties undertook remodeling and renovating strategies to attract

Overall Vacancy

and retain tenants. Strong office fundamentals attracted investors with over

25%

1.7 msf purchased by corporate users and investment management firms.

20% 15%

Outlook Broward County’s office market continued to benefit from improved business

5-Year Historical Average = 16.0%

environment and tenant confidence along with positive economic conditions.

10%

Office market fundamentals should continue positive momentum as new construction is delivered. The market has not yet been impacted by recent

5% 0%

uncertainty in trade relations with partners. Cushman & Wakefield anticipates improved market fundamentals throughout the rest of 2018 and into 2019. 2014

2015

2016

2017

2018 cushmanwakefield.com

47


MARKETBEAT

Broward County Office Q2 2018

SUBMARKET

Fort Lauderdale CBD

INVENTORY (SF)

SUBLET VACANT (SF)

DIRECT VACANT (SF)

OVERALL VACANCY RATE

CURRENT QTR OVERALL NET ABSORPTION (SF)

YTD OVERALL NET ABSORPTION (SF)

YTD LEASING ACTIVITY (SF)**

UNDER CNSTR (SF)

OVERALL AVERAGE ASKING RENT (ALL CLASSES)*

OVERALL AVERAGE ASKING RENT (CLASS A)*

42,914

615,446

12.5%

(31,492)

(1,644)

147,305

77,100

$42.04

$46.25

22,432,215

114,550

2,474,224

11.5%

140,177

106,262

851,187

178,240

$27.54

$32.50

Cypress Creek/Commercial

6,553,645

77,227

1,117,332

18.2%

51,801

56,283

330,874

0

$25.78

$31.31

Hollywood/Hallandale

2,439,303

0

189,361

7.8%

4,701

12,472

96,772

0

$30.45

$34.00

WEST BROWARD

6,895,217

25,093

438,310

6.7%

139,131

170,143

279,670

0

$31.24

$33.90

Sunrise

3,101,708

6,713

211,554

7.0%

99,402

144,199

172,627

0

$30.67

$32.58

Plantation

2,956,760

18,380

215,161

7.9%

7,087

(7,126)

98,743

0

$31.75

$37.14

836,749

0

11,595

1.4%

32,642

33,070

8,300

0

$31.55

$37.00

1,974,762

2,700

257,941

13.2%

(21,559)

(70,895)

57,130

87,000

$24.32

$28.13

Pompano Beach

782,387

2,700

93,313

12.3%

(46,930)

(46,115)

17,349

0

$23.43

$0.00

Deerfield Beach

1,192,375

0

164,628

13.8%

25,371

(24,780)

39,781

87,000

$24.84

$28.13

SOUTHWEST BROWARD

2,769,827

8,330

228,709

8.6%

(12,139)

(21,864)

34,832

91,240

$33.03

$33.85

771,381

0

93,038

12.1%

3,551

166

19,504

0

$32.52

$36.00

Miramar

1,998,446

8,330

135,671

7.2%

(15,690)

(22,030)

15,328

91,240

$33.37

$33.53

NORTHWEST BROWARD

1,799,461

1,200

242,571

13.5%

(21,758)

(39,877)

51,909

0

$24.96

$27.00

Coral Springs

1,363,452

0

205,409

15.1%

(11,938)

(46,782)

41,889

0

$25.99

$27.00

436,009

1,200

37,162

8.8%

(9,820)

6,905

10,020

0

$19.43

$0.00

27,699,426

157,464

3,089,670

11.7%

108,685

104,618

998,492

255,340

$30.48

$37.17

YTD OVERALL NET ABSORPTION (SF)

YTD LEASING ACTIVITY (SF)

UNDER CNSTR (SF)

Weston NORTHEAST BROWARD

Pembroke Pines/Cooper City

Tamarac/Margate BROWARD COUNTY TOTALS

**Rental rates reflect gross asking $psf/year. **Leasing activity includes only new and expansion leases and does not include Renewals.

INVENTORY (SF)

SUBLET VACANT (SF)

DIRECT VACANT (SF)

OVERALL VACANCY RATE

CURRENT QTR OVERALL NET ABSORPTION (SF)

YTD DIRECT CNSTR AVERAGE COMPLETIONS ASKING RENT* (SF)

Class A

11,500,072

82,411

1,067,478

10.0%

50,437

72,749

448,715

255,340

62,274

$37.79

Class B

12,895,932

64,312

1,630,918

13.1%

81,204

102,513

513,970

0

0

$28.18

Class C

3,303,422

10,741

391,274

12.2%

-22,956

-70,624

35,807

0

0

$21.68

Key Lease Transactions Q2 2018 PROPERTY

SF

TENANT

TRANSACTION TYPE

Sawgrass Technology Park

77,116

SR Technologies, Incorporated

Direct

5200 NW 33rd Avenue

34,500

Harrison Visions

Direct

2400 N Commerce Pkwy

30,514

Ultimate Software

Direct

SUBMARKET Sunrise

NAIOP | Market Research

5,267,211

Suburban Broward County

Cypress Creek/Commercial Weston

Key Sales Transactions Q2 2018 PROPERTY

SF

SELLER/BUYER

13800-14050 NW 14th Street

153,180

Trinity Capital Advisors/IP Capital Partners

3300 N University Drive

123,409

Asset Recovery Companies/PreDevco

3201-3353 N University Drive (4 Properties/Office-Retail)

104,265

Cushman & Wakefield, LLC 225 NE Mizner Boulevard Suite 300 Boca Raton, FL 33431 cushmanwakefield.com

For more information, contact: Valerie Tatum Senior Analyst Tel: +1 954 377 0492 valerie.tatum@cushwake.com Chris Owen Director, Florida Research Tel: +1 407 541 4417 chris.owen@cushwake.com

Delma Properties/Groupe Petra

PRICE / $PSF $27,625,000/$180

SUBMARKET Sunrise

$7,800,000/$63

Coral Springs

$21,150,000/$203

Coral Springs

About Cushman & Wakefield

Cushman & Wakefield is a leading global real estate services firm that delivers exceptional value by putting ideas into action for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 billion across core services of property, facilities and project management, leasing, capital markets, advisory and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter. ©2018 Cushman & Wakefield. All rights reserved. The information contained within this report is gathered from multiple sources believed to be reliable. The information may contain errors or omissions and is presented without warranty or representations as to its accuracy.

cushmanwakefield.com I

48


Research & Forecast Report

BROWARD COUNTY | INDUSTRIAL Second Quarter 2018

Construction Rises to Meet the Relentless Demand for Industrial Product in Broward NAIOP | Market Research

Executive Summary Broward County’s industrial market activity has slowed down in the second quarter of 2018. While the industrial market as a whole remains energetic, Broward’s fundamentals have lagged. Vacancy rates for industrial assets currently stand at 4.7 percent, a 110-basis point increase year-over-year. However, the vacancy rate in Broward County has remained below 5 percent since the fourth quarter of 2016. The county had negative absorption of 176,977 square feet in the second quarter of 2018 as new industrial supply steadily delivers to the market.

Summary Statistics

More than 400,000 square feet of industrial and flex space was delivered to Broward County this quarter. Construction of industrial buildings continues to rise as 1.41 million square feet of industrial and flex space is currently under construction. As the demand for industrial space increases, developers are tasked with coming up with more creative uses in a limited land market. Rental rates for industrial and flex properties in Broward County stand at $8.63 per square foot, a 2 percent decrease year-over-year. Average rates are beginning to stabilize as newer product is delivered and is yet to be absorbed.

(Square Feet)

Market Highlights > Postal Center International signed a 225,000 square foot lease at Weston Business Center, the largest industrial lease signed of the second quarter in South Florida. > Over 400,000 square feet of industrial and flex space was delivered in the second quarter and 1.4 million square feet is currently under construction in Broward County. > Vacancy rates end the second quarter at 4.7 percent and have increased by 50 basis points quarter-over-quarter as new supply continues to deliver. > The Supervalu Distribution Center in Pompano Beach was purchased by Fortress in the second quarter for $66.41 million or $84 per square foot.

49

Q2 2018 Industrial Market

Broward, FL

4.7%

Vacancy Rate Change From Q1 2018

+0.5%

(Percent)

Absorption

New Completions (Square Feet)

Under Construction (Square Feet)

-176,977 404,026 1,409,413

Warehouse/Distribution Asking Rents Current Quarter

$8.20

Previous Quarter

$8.29

Year Ago

$8.43 -2.72%

Change from Q2 2017

Market Indicators Relative to Prior Period

Q2 2018

Q3 2018*

Vacancy Net Absorption Construction Flex Rental Rate Industrial Rental Rates Note: Construction is the change in Under Construction. *Projected.


Capital Flows in South Florida In the first half of 2018, investment capital is robust and investment is very active in the South Florida industrial market. Institutional investors including Blackstone, TH Realty and Flagler Logistics are actively pursuing investment opportunity in what’s considered today a top-tier industrial market with favorable cap rates. Institutional investors make up approximately 20% of the South Florida buyer composition. In 2018, we have also seen a greater flow of capital from foreign investors (23% of total investments year-to-date) with the majority stemming from Canada and Singapore. Resilient rental rate growth, historically low vacancy rates and high demand are all factors that will continue to attract capital to the South Florida industrial market.

2

4.5% 4.0%

600

3.5%

400

3.0%

200

2.0%

-200

2.5% 1.5% 2017 Q2

2017 Q3

2017 Q4

2018 Q1

2018 Q2

1.0% 0.5% 0.0%

-400

New delivieries affects vacancy rates As over 400,000 square feet of new industrial space delivers in the second quarter, vacancy rates in Broward County rose to 4.7 percent. Source: Colliers International, CoStar

Unemployment Trends Florida

Miami-Ft Lauderdale-West Palm Beach MSA

USA

10.0% 9.0% 8.0% 7.0% 6.0% 5.0% 4.0%

Feb-18

Nov-17

Unemployment rates decreased at the local, state, and national level. The Miami-Fort Lauderdale-West Palm Beach MSA unemployment rate posted 3.5 percent* in May 2018, representing a 17 percent decrease from May 2017. The state of Florida rate posted 3.8 percent* unemployment for May 2018, on par with the national average at 3.8 percent.

May-18

Aug-17

Feb-17

May-17

Nov-16

Aug-16

Feb-16

May-16

Nov-15

Aug-15

Feb-15

Nov-14

May-15

Aug-14

Feb-14

May-14

Nov-13

Feb-13

Aug-13

Nov-12

May-13

3.0% Aug-12

Unemployment Rate

In a market with limited land and tightening supply, we can expect developers to become more creative using technology and space planning for greater user efficiency. We have already seen developers overcome land constraints by seeking infill opportunities. A timely example of an infill development in South Florida can be found at Seneca Commerce Center where developers infilled a lake to develop three Class A warehouses on submerged land in Hallandale. Developers are seeking innovative ways to overcome land scarcity, beyond developing with high ceilings and columns. There comes a point in time when land becomes so scarce that the only way is vertical development. Much of what is considered a prime real estate site today, close to the ports and airports, was historically overlooked.

5.0%

NAIOP | Market Research

Development Opportunities in a Land-Constrained Market

Vacancy

800

0

Users Bullish to Enter South Florida Market In the second quarter of 2018, users of industrial space were bullish and more willing to make long term commitments to enter the already tight South Florida industrial market. Furthermore, the size of leases has grown to an average of 40,000 to 70,000 square feet as large users like Amazon, KLX Aerospace Solutions and Telemundo expanded within the market. This is in spite of the fact that market conditions are pushing up rental rates across the region. Furthermore, with less land available for purchase, cap rates continue to drop which has an opposite effect on pricing as prices continue to increase.

Completions

Vacancy Rate

Net Absorption 1,000

Feb-12

New construction can’t keep pace with the relentless demand for industrial space in South Florida. A perfect combination of a growing economy, employment growth and e-commerce are driving demand. Retailers and third-party logistics providers are absorbing large amounts of industrial product to reduce their retail storefront square footage and overhead as consumers shift to purchasing online and retail rents continue to climb. Advancements in technology and supply chain logistics have created an “instant gratification” marketplace with consumers expecting deliveries in as little as 24 hours. As such, warehouses and storage facilities close to dense population centers are essential to fulfilling those orders. Locations close to Interstate 95; the ports and airports are most popular for last-mile delivery users.

Completions, Absorption and Vacancy Rates

May-12

Striving to Meet the E-Commerce Demand

Square Feet (Thousands)

South Florida - Industrial Market Trends

*preliminary Source: US Bureau of Labor Statistics

South Florida Research & Forecast Report | Q2 2018 | Industrial | Colliers International

50


SUBMARKET BREAKDOWN SUBMARKET & PROPERTY TYPE

INVENTORY SF

# OF BUILDINGS

DIRECT VACANCY %

UNDER NET ABSORPTION NEW CONSTRUCTION CURRENT QTR. SF COMPLETIONS SF SF

TOTAL VACANCY %

AVG. DIRECT ASKING RATE NNN

Central Broward Warehouse Distribution (WD)

437

11,736,353

2

2.5

114,445

0

0

$8.02

Manufacturing (MF)

44

1,302,489

2.3

2.3

-12,475

0

0

$12.00

Flex (F)

71

1,866,685

3.2

3.2

31,405

0

54,791

$12.80

Northeast Broward Warehouse Distribution (WD)

777

30,375,467

2.5

2.6

-43,757

122,844

68,500

$8.67

Manufacturing (MF)

74

3,029,551

3

3

17,134

0

0

$7.26

Flex (F)

139

4,471,658

4.1

4.4

7,872

0

121,978

$10.27

Southeast Broward Warehouse Distribution (WD)

608

19,420,011

3.6

3.8

-323,024

0

324,321

$8.54

Manufacturing (MF)

38

1,614,356

0

0

15,344

0

0

$7.25

Flex (F)

120

3,326,208

2.6

2.6

13,880

0

0

$14.47

NAIOP | Market Research

Southwest Broward Warehouse Distribution (WD)

312

20,546,417

7.9

8.3

150,662

281,182

528,097

$7.90

Manufacturing (MF)

14

967,791

23.2

23.2

0

0

20,000

-

Flex (F)

137

6,396,800

4.8

6.9

72,894

0

0

$13.67

Northwest Broward Warehouse Distribution (WD)

129

4,961,446

5.8

5.8

18,355

0

291,726

$7.25

Manufacturing (MF)

6

538,841

43.3

43.3

-233,222

0

0

$8.17

Flex (F)

27

1,095,695

3.2

5.6

-6,490

0

0

$10.76

BROWARD COUNTY OVERALL MARKET YEAR & QUARTER

TOTAL INVENTORY SF

DIRECT TOTAL NET ABSORP. NEW UNDER WHSE. AVG. MFG. AVG. FLEX AVG. NET ABSORP. VACANCY VACANCY CURRENT QTR. COMPLETIONS CONSTRUCTION DIRECT ASKING DIRECT ASKING DIRECT ASKING YTD SF % % SF SF SF RATE NNN RATE NNN RATE NNN

2018 Q2

2,933

111,649,768

4.4

4.7

-176,977

-152,503

404,026

1,409,413

$8.20

$8.02

$12.01

2018 Q1

2,930

111,245,742

3.9

4.2

24,474

24,474

781,979

1,270,535

$8.29

$7.03

$12.63 $12.86

2017 Q4

2,923

110,463,763

3.3

3.5

493,682

1,434,636

226,885

1,601,608

$8.43

$7.14

2017 Q3

2,920

110,236,878

3.6

3.8

-41,012

940,954

166,370

1,699,453

$8.60

$7.11

$12.51

2017 Q2

2,919

110,070,508

3.4

3.6

414,565

981,966

82,270

1,845,823

$8.43

$7.11

$12.22

2017 Q1

2,918

110,025,395

3.8

4

567,401

567,401

97,897

1,553,141

$8.43

$6.98

$11.97

2016 Q4

2,916

109,927,498

4.2

4.4

1,088,872

2,766,654

437,431

892,324

$8.34

$7.75

$11.63

2016 Q3

2,909

109,511,067

4.9

5.1

589,487

1,677,782

29,952

1,010,853

$8.18

$7.74

$11.50

2016 Q2

2,909

109,491,664

5.6

5.7

613,990

1,088,295

69,952

939,015

$7.89

$7.70

$11.03 $10.89

2016 Q1

2,908

109,466,712

6.1

6.3

474,305

474,305

212,291

911,070

$7.60

$7.42

2015 Q4

2,907

109,304,518

6.5

6.6

333,133

1,483,613

616,773

779,626

$7.39

$7.36

$12.48

2015 Q3

2,900

108,687,745

6.2

6.4

591,932

1,150,480

379,266

1,067,262

$7.25

$7.37

$12.20

2015 Q2

2,896

108,308,479

6.6

6.7

-250,654

558,548

0

1,446,528

$7.08

$7.56

$12.27

2015 Q1

2,896

108,308,479

6.6

6.7

809,202

809,202

151,147

1,103,173

$6.90

$7.38

$12.10

3

51

# OF BUILDINGS

South Florida Research & Forecast Report | Q2 2018 | Industrial | Colliers International


IDUSTRIAL

SUBMARKET MAP

NORTHWEST BROWARD NORTHEAST BROWARD

SOUTHWEST BROWARD

SOUTHEAST BROWARD

4

NAIOP | Market Research

CENTRAL BROWARD

South Florida Research & Forecast Report | Q2 2018 | Industrial | Colliers International

52


SALES ACTIVITY PROPERTY ADDRESS

PROPERTY TYPE

BUYER NAME

SIZE (SF)

SALES PRICE

SUBMARKET

Flex

Fortress

787,500

$66,410,000.00 ($84)

Pompano Beach

Industrial/Flex

Mappletree Commercial

314,662

West Sunrise, $43,400,000.00 ($138) Southwest Broward, Pompano Beach

Warehouse

GLL RE Partners

225,760

$30,350,000.00 ($134) Southwest Broward

Flex

IP Capital Partners

156,342

$27,600,000.00 ($177)

Sawgrass Park

Warehouse Distribution

Atlas Business Center, LLC

86,397

$6,750,000.00 ($78)

Southeast Broward

Supervalu Distribution Center - 1141 SW 12th Ave Exeter Mapletree US Industrial Portfolio 6200 N Hiatus Rd, 10300 W McNab Rd, 1700 N Commerce Pkwy, 2025 NW 15th Ave Weston Distribution Center - 1600 N Park Dr Starwood Capital FL Portfolio - 14050 NW 14th St & 13800 NW 14th St 2901 Simms St

LEASING ACTIVITY PROPERTY ADDRESS

PROPERTY TYPE

TENANT NAME

SIZE (SF)

LEASE TYPE

SUBMARKET

Manufacturing

Postal Center International (HQ)

225,000

New

Southwest Broward

Flex

TSF Sportswear

173,000

New

Pompano Beach

Miramar Centre - 15701 SW 29th St

Warehouse

AMD Supply LLC

63,860

New

Southwest Broward

1000 W Pembroke Rd

Showroom

U-Haul

40,000

New

Southwest Broward

Bridge Point I-95 - 2200 W Sunrise Blvd

Warehouse

Mygrant Glass Company

30,000

New

Central Broward

Weston Business Center - 2965 West Corporate Lakes Blvd

NAIOP | Market Research

Bridge Point - 1971-1991 N Powerline Rd

Investment Sales

sequence of dispositions that Starwood has made this year, including the sale of Sawgrass Pointe 1 for $51 million in the same submarket.

The Associated Grocers of Florida distribution center in Pompano Beach was sold to a fund managed by Fortress Investment Group for $66.41 million as part of a national portfolio deal.

New Developments

An investment group from Singapore, Mapletree Investments, has made a significant investment in a South Florida industrial portfolio, which is part of a larger national industrial portfolio which they purchased simultaneously. Exeter sold eleven properties in Tamarac, Weston and Pompano Beach for total of $62.5 million. Properties in Broward County include three warehouses at 6200-6320 North Hiatus Road and four industrial buildings at 10300-10458 West McNab Road in Tamarac, a warehouse in Weston, and an industrial building in Pompano. This investment follows a string of other Mapletree investments in the U.S. including student and corporate housing. GLL Real Estate Partners, a division of the Macquarie Group, purchased a 226,392 square foot warehouse at Weston Distribution Center for $30.4 million. Located at 1600 N. Park Drive, the cross-dock warehouse is fully leased, with part of the building serving as the headquarters for Vital Pharmaceuticals Inc., and the other portion as the South Florida distribution hub for Mondelez International Inc. IP Capital purchased the two office/flex buildings located in Sawgrass International Corporate Park from Starwood Capital for $27.6 million or $180 per square foot. Starwood purchased the property as part of a portfolio of nine properties three years ago for $178 million. This transaction is among a

A recently acquired industrial development site in Dania Beach was purchased by Liberty Property Trust for nearly $14 million from the City of Fort Lauderdale. Liberty 595 Distribution Center will include 300,000 square feet of warehouse and distribution space. Located at 4030 S State Road 7, Liberty views this 28-acre site as one of the most strategically located warehouse and distribution sites in the South Florida marketplace. The combination of untapped land in close proximity to main transportation arteries made this an attractive property to a wide variety of industrial bidders.

COLLIERS INTERNATIONAL

69 countries on 6 continents Updated May 2012

$2.7

billion in annual revenue

CONTRIBUTORS Kenneth Krasnow | Executive Managing Director & Market Leader, South Florida | ken.krasnow@colliers.com Verity Mosquera, MBA | Research & Consulting Manager, South Florida | verity.mosquera@colliers.com Nicole Larson | Research Analyst, South Florida | nicole.larson@colliers.com

Colliers International South Florida, LLC 200 E Broward Boulevard, Suite 120 Fort Lauderdale, FL 33301 colliers.com/southflorida

5

53

Copyright © 2018 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.

South Florida Research & Forecast Report | |Q2Q4 2017 | Colliers International North American Research & Forecast Report 2014| Industrial | Office Market Outlook | Colliers International

2.0

billion square feet under management

15,400

professionals and staff


NOTES ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________

______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________

NAIOP | Market Research

______________________________________________________________________________________________

______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ 54


Retail Research Market Report

Second Quarter 2018

South Florida Metros

NAIOP | Market Research

Highly Competitive Market Still Has Opportunistic Finds Across the Region Destination shopping remains solid driver. The world-class shopping reputation that South Florida has worked to build continues to draw a high ratio of visitors to locals to area retail, strengthening the market through strong demand. Robust retail spending among travelers and residents has globally recognized brands seeking space across the region’s numerous luxury shopping corridors, with minimal concern over rising e-commerce popularity, as South Florida offers shoppers a unique experience. Grocery stores, necessity-based retailers and gyms remain in expansion mode as well, meeting the needs of a region that has roughly 275 people moving to the area every day. Construction picks back up in 2018. Across South Florida, more than 2.8 million square feet are forecast to be delivered this year, nearing the cycle high set in 2014. The majority of new space has been rising in Miami-Dade County, where approximately 1.8 million square feet will open by year’s end, headlined by several shopping centers above 100,000 square feet. Supply growth in Broward County hits a new high-water mark for the current cycle, with 750,000 square feet forecast to finish in 2018, including a new Lowe’s, a new Publix and multiple CVS pharmacies, as household growth has been strong here. Palm Beach County experiences minimal deliveries this year, contributing to some of the strongest rent growth in the region.

Metro

Vacancy

Y-O-Y Basis Point Change

Asking Rent

Y-O-Y Change

Miami

4.2%

40

$37.40

4.9%

Fort Lauderdale

3.4%

-30

$22.50

2.8%

West Palm Beach

3.8%

-50

$24.65

6.5%

Investment Trends Miami • A shortage of listings is straining activity, while cap rates remain in the mid-5 percent range countywide. Higher yields are available in Broward and Palm Beach counties. • Several years of robust asset appreciation, along with rising financing costs, could bring more properties to market as owners seek new assets in which to invest.

Fort Lauderdale

Local Retail Yield Trends Retail Cap Rate

10-Year Treasury Rate

• Properties sold last year that were occupied with national credit tenants such as CVS, Wendy’s and Burger King recorded cap rates in the mid-4 to mid-6 percent territory.

Average Rate

12% 9%

• Investor activity will remain elevated in Coral Springs, Plantation and Pompano Beach, where properties trade at a discount to the countywide average.

6% 3% 0%

West Palm Beach 00

02

04

06

08

10

12

14

16

18*

* Cap rates trailing 12 months through 1Q18; 10-Year Treasury up to March 29, 2018 Sources: CoStar Group, Inc.; Real Capital Analytics

55

Retail 2018 Outlook

• Slowing asset appreciation and minimal construction motivates buyers to seek out value-add opportunities, though these can face stiff competition and are harder to find. • Proximity to the new Brightline train station will be in high demand among tenants and investors.


Fort Lauderdale 1Q18 - 12-MONTH TREND EMPLOYMENT:

Employment vs. Retail Sales Trends

Year-over-Year Change

Employment Growth

Retail Sales Growth

10%

1.3%

increase in total employment Y-O-Y

• During the year ended in the first quarter, 10,600 jobs were created, down by nearly half from one year earlier as a result of the hurricane. Job growth in the first quarter totaled 4,600, led by the creation of 3,000 jobs in the trade, transportation and utilities sector.

5% 0% -5% -10% 08 09 10 11 12 13 14 15 16 17 18*

• The unemployment rate declined 90 basis points from the first quarter of 2017, ending March at 3.6 percent.

Retail Completions Completions

Absorption

Square Feet (thousands)

467,000

• Led by the opening of the 52,000-square-foot Riverbend Marketplace in Fort Lauderdale, deliveries in the first quarter totaled 148,000 square feet. Year-over-year completions were down by roughly 225,000 square feet.

3,000 1,500 0 -1,500 08 09 10 11 12 13 14 15 16 17 18*

• The largest project set to finish this year will be a 125,342-square-foot Lowe’s in Davie, followed by Seneca Town Center at 64,240 square feet.

VACANCY:

Vacancy Rate Trends Metro

United States

12% Vacancy Rate

square feet completed Y-O-Y

40

basis point decrease in vacancy Y-O-Y

• Net absorption took a dive in the first quarter to negative 22,000 square feet, slowing annualized vacancy compression to bring the rate to 3.9 percent in March. A 150-basis-point drop occurred one year earlier.

9% 6%

• Tenant demand was highest in Plantation over the past year, with net absorption reaching 263,000 square feet, followed by Southwest Broward at 225,000 square feet.

3% 0%

NAIOP | Market Research

4,500

CONSTRUCTION:

08 09 10 11 12 13 14 15 16 17 18*

Asking Rent Trends Year-over-Year Change

Metro

United States

10%

RENTS:

4.9%

increase in the average asking rent Y-O-Y

• The average asking rent climbed at a greater pace over the past year than the 2.4 percent rise posted one year ago, climbing to $21.98 per square foot.

5% 0%

• Single-tenant space recorded a 6.6 percent increase to the average asking rent, rising to $23.31 per square foot. A 1.3 percent increase occurred in the multi-tenant segment, ending the first quarter at $19.56 per square foot.

-5% -10% 08 09 10 11 12 13 14 15 16 17 18*

* Forecast

56


Retail Research | Market Report

DEMOGRAPHIC HIGHLIGHTS

2018 JOB GROWTH* Metro

FIVE-YEAR POPULATION GROWTH**

168,600 or 1.7% Annual Growth

1.8%

U.S. Average 1.2%

FIVE-YEAR HOUSEHOLD GROWTH**

87,000 or 2.2% Annual Growth U.S. 1.1% Annual Growth

U.S. 0.7% Annual Growth

1Q18 RETAIL SALES PER MONTH

Metro

Per Household

U.S. $3,922

1Q18 MEDIAN HOUSEHOLD INCOME

$2,002

$57,244

RETAIL SALES FORECAST** Per Person

Metro

U.S. $1,506

U.S. Median $60,686

23.8%

U.S. 19.7%

* FORECAST **2017-2022

Lowest Vacancy Rates 1Q18 Asking Rent

Y-O-Y % Change

Sawgrass Park

0.7%

0

$23.00

-9.8%

Southwest Broward

2.4%

-60

$25.62

13.0%

Hallandale

2.6%

-30

$21.31

0.6%

Downtown Fort Lauderdale

3.1%

-20

$35.01

14.0%

Plantation

3.6%

-220

$19.65

-1.0%

Hollywood

4.1%

-140

$22.11

6.6%

Commercial Blvd

4.3%

80

$15.36

-6.2%

Pompano Beach

4.6%

40

$19.99

8.2%

NW Broward-Coral Springs

4.7%

-40

$18.81

0.9%

Fort Lauderdale (City)

5.2%

70

$22.34

4.7%

Cypress Creek

5.3%

-10

$17.53

-9.6%

Overall Metro

3.9%

-40

$21.98

4.9%

• Multi-Tenant: Properties sold during the past 12 months recorded an average price per square foot of $247, a 9 percent rise from the prior yearlong stretch, while deal flow remained stable. • Single-Tenant: A 14 percent increase to the average price per foot was recorded, climbing to $442 a square foot, though deal flow fell by 30 percent. Going-in cap rates were in the lower-6 percent area. Outlook: Capital appreciation that has outperformed Miami-Dade and Palm Beach counties recently will grow investor interest across Broward County this year.

Price Per Square Foot Trends Single-Tenant Year-over-Year Appreciation

Y-O-Y Vacancy Basis Point Rate Change

Job Growth, Demographic Trends Aid in Region’s Best Asset Appreciation

SALES TRENDS

Submarket

SUBMARKET TRENDS

NAIOP | Market Research

$5,123

Multi-Tenant

24% 12% 0% -12% -24% 08 09 10 11 12 13 14 15 16 17 18*

Sources: CoStar Group, Inc.; Real Capital Analytics

57


Retail Research | Market Report

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

10-Year Treasury vs. 2-Year Treasury Yield Spread Tightens

50 bps

4%

260 bps

2-Year Treasury

280 bps

Rate

6%

230 bps

10-Year Treasury 8%

0% 04

06

08

10

12

14

16

18*

Retail Mortgage Originations by Lender 100%

Percent of Total

National Bank International Bank Regional/Local Bank CMBS Insurance Financial Private/Other

50% 25% 0%

13 14 15 16 17

* Through May 1st Sources: CoStar Group, Inc.; Real Capital Analytics

Lending costs rise alongside Fed rate increase. As the Federal Reserve lifts interest rates, lenders will face a rising cost of capital, which may lead to higher lending rates for investors. However, greater competition for loan demand has prompted some lenders to absorb some cost increases. While higher borrowing costs may prompt buyers to seek higher cap rates, the positive economic outlook should boost rent growth above inflation over the coming year. The capital markets environment remains highly competitive. While the Federal Reserve has committed to tightening policy, other major central banks have maintained easing policies. The downward pressure on rates from foreign central banks is counteracting greater economic growth and wider government deficits, keeping demand for fixed-income investments stable. Loan pricing resides in the mid-4 percent range with maximum leverage of 70 percent. Portfolio lenders will require loan-to-value ratios closer to 65 percent with interest rates, depending on term, in the high-3 to mid-4 percent range. The passage of tax reform and rising fiscal stimulus will keep the U.S. economy growing strongly this year, while limited new construction and steady absorption will contain retail vacancy near 5 percent.

National Retail Group Visit www.NationalRetailGroup.com

Scott M. Holmes Senior Vice President, National Director | National Retail Group Tel: (602) 687-6689 | scott.holmes@marcusmillichap.com Prepared and edited by

Miami Office: Scott Lunine

Regional Manager Tel: (786) 522-7000 scott.lunine@marcusmillichap.com

Mike Murphy

5201 Blue Lagoon Drive, Suite 100 Miami, FL 33126

For information on national retail trends, contact:

Fort Lauderdale and West Palm Beach: Ryan Nee

Research Analyst | Research Services

John Chang

First Vice President, National Director | Research Services Tel: (602) 707-9700 | john.chang@marcusmillichap.com Price: $750 © Marcus & Millichap 2018 | www.MarcusMillichap.com

NAIOP | Market Research

75%

CAPITAL MARKETS

2%

Fed raises benchmark interest rate, plans additional increases. The Federal Reserve increased the federal funds rate by 25 basis points in late March, raising the overnight lending rate to 1.5 percent. While the Fed noted the inflation outlook moderated recently, an upgraded economic forecast including tax cuts and a regulation rollback strengthened growth projections through 2020. As a result, the Fed has guided toward at least two more rate hikes this year, while setting the stage for up to four increases in 2019.

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

5900 North Andrews Avenue. Suite 100 Fort Lauderdale, FL 33309

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. This is not intended to be a forecast of future events and this is not a guaranty regarding a future event. This is not intended to provide specific investment advice and should not be considered as investment advice. Sources: Marcus & Millichap Research Services; Bureau of Labor Statistics; CoStar Group, Inc.; Experian; Moody’s Analytics; Real Capital Analytics; TWR/Dodge Pipeline; U.S. Census Bureau

58


2018 BROWARD BUS TOUR ITINERARY

NAIOP | Properties Itinerary

2018 Type

59

Name of Project/Building

Sponsoring Firm

1

Registration

Miramar Park of Commerce MPC-30

Miramar Park of Commerce

2

Lunch

Riviera Point Corporate Center

Riviera Point Development Group

3

Drive By

Monarch Lakes

Workspace Property Trust

4

Drive By

Huntington Centre I & II

Avison Young

5

Drive By

The Edison Pembroke Pines

Avison Young

6

Walk Through

South Florida Distribution Center

Core5 Industrial Partners/Helms

7

Drive Through

Bergeron Distribution Center 1 & 2

Berger Commercial Realty

8

Stop

Davie Business Center

IDI Logistics

9

Drive By

Prologis Port 95

Prologis

10

Drive By

201 East Las Olas

Stiles

11

Drive By

One Financial Plaza

Tower Commercial Real Estate

12

Drive By

Tower 101/101 Centre

JLL

13

Drive By

110 Tower

Colliers International

14

Drive By

The 550 Building

Berger Commercial Realty

15

Stop

Bridge Point Riverbend

Bridge Development Partners

16

Walk Through

Bayview Corporate Tower

Cushman & Wakefield

17

Stop

Copans Business Park 1731

Duke Realty

18

Stop

Pompano Business Center II

IDI Logistics

19

Drive By

Rock lake Business Center

IDI Logistics

20

Drive Through

Pompano Center of Commerce II

Cushman & Wakefield

21

Drive Through

Hillsboro Technology Center

Butters/Bristol Group

22

Walk Through

Prologis Seneca Park

Prologis

23

Cocktail Party

Miramar Park of Commerce MPC-30

Miramar Park of Commerce


NOTES ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________

______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________

NAIOP | Properties Itinerary

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61

NAIOP | Itinerary Detailed Property Information


______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________

NAIOP | NAIOP Itinerary |Detailed MarketProperty ResearchInformation

NOTES

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63

NAIOP | Itinerary Detailed Property Information


NAIOP | NAIOP Itinerary |Detailed MarketProperty ResearchInformation

64


NAIOP | Itinerary Detailed Property Information

Miramar-NAIOP-Superbowl-8.5X11v2.qxp_Layout 1 9/6/18 5:41 PM Page 1

Sunbeam Properties & Development • 954.450.7900

65


Miramar-NAIOP-HeroCard-8.5X11v2.qxp_Layout 1 9/7/18 10:49 AM Page 1

Two Buildings MPC-25A +/-56,000 SF MPC-25B +/-48,000 SF

STATS

5:1000 Parking 14’ Clear Height Street-Level Divisible Spaces 100% Office Space

HIGHLIGHTS

Deliverable within 12 months MPC-25B with mounted building signage facing the Florida Turnpike

NAIOP | NAIOP Itinerary |Detailed MarketProperty ResearchInformation

MPC-25

Sunbeam Properties & Development • 954.450.7900

66


67

48,604

23,145

AVAILABLE SF

MPC-25B

MPC-30

SECOND GENERATION

368

0 0

4,669

5,003

6,518

6,600

7,301

7,325

8,636

9,715

11,818

51,863

eHDL

TOPSVILLE

ALFRED PUBLISHING

ROCKSOLID

HYTERA-SOUTH

RED HAWK

KABA

UNITED TRANSACTIONS

HOTWIRE

10,287 21,794 16,962 28,563

12,627

22,664

24,200

34,471

Neoptx

C Callenberg

RTA

0

1,605

0

1,304

0

0

UBoxes

DISTRIBUTION

CONVEY

2,000

4,503

PATTERSON POPE

1,939

4,046

1,261

WAREHOUSE SF

YES

YES

YES

DIVISIBLE

3Z

FLEX/OFFICE

56,494

AVAILABLE SF

MPC-25A

FLEX / OFFICE

NEW CONSTRUCTION

5,908

7,238

870

2,340

51,863

11,818

9,715

8,268

5,325

5,696

6,600

5,214

5,003

4,669

2,564

2,785

OFFICE

5,323

5,477

6,624

SF

SMALLEST SIZE BAY (SF)

17%

30% %

4%

19%

100%

100%

100%

96%

73%

78%

100%

80%

100%

100%

57%

69%

% OFFICE

100%

100%

100%

% OFFICE

Lease Type

LEASE RATE (PSF)

$9.25

$ $9.25

TBD

$10.25

$14.50

$13.00

$13.95

$13.95

$11.25

$11.25

$13.00

$12.50

$13.95

$13.00

$10.25

Gross

G Gross

Gross

Gross

Net

Net

Net

Net

Net

Net

Net

Net

Net

Net

Net

Net

Net

$15.00

$11.00

Net

Net

14'

14'

14'

CLEAR HT

Dock High

Dock High

Dock High

Dock High

Dock High

Dock High

Dock High

Street Level

Dock High

Dock High

Dock High

Dock High

Dock High

Street Level

Dock High

Dock High

24'

24'

24'

24'

18'

18'

24'

14'

18'

18'

18'

18'

18'

14'

18'

18'

DOCK HIGH or STREET LEVEL CLEAR HT

Streel Level

Streel Level

Streel Level

DOCK HIGH or LEASE TYPE STREET LEVEL

TBD

TBD

LEASE RATE (PSF)

Rates and Availabilities - SEPTEMBER 2018

South Florida's Largest Locally Owned and Managed Business 

PARK OF COMMERCE

MIRAMAR

IMMEDIATE

MAY, 2019**

MARCH, 2019*

IMMEDIATE

JUNE, 2019

IMMEDIATE

IMMEDIATE

IMMEDIATE

IMMEDIATE

DECEMBER, 2018

IMMEDIATE

IMMEDIATE

IMMEDIATE

IMMEDIATE

IMMEDIATE

IMMEDIATE

DATE AVAILABLE

UPON BUILD-OUT

UPON BUILD-OUT

UPON BUILD-OUT

DATE AVAILABLE

For information call: Lauren Pace or Maridee Bell (954) 450-7900

*Space can be made available sooner

Turnpike Frontage, End Unit, A/C Warehouse, T-5 Lighting, Building Mounted Signage

Includes +/-2,856 / SF S A/C /C Warehouse, End Unit

5:1000 Parking Included, More parking can be provided

3.2:1000 Parking, Can combine with Topsville

921 SF Work Room, 5.1:1000 Parking, End Unit

3

3

1

2 4.0:1000 Parking Included, 5.5:1000 Available, End Unit

2

4:1000 Parking, More parking can be provided

1

4.0:1000 Parking, End Unit, More parking can be provided

3.3:1000 Parking

3.8:1000 Parking, More parking can be provided, Possible reduction to 6,102 square feet

4.0:1000 Parking Included, More parking can be provided, Can combine with Hotwire

Miramar Parkway Frontage, 3.9:1000 Parking, Building Mounted Signage,

2.4:1000 Parking, End Unit

2.5:1000 Parking

COMMENTS

Miramar Parkway Frontage, 5:1000 Parking Included, 6.8:1000 Available, Building Mounted Signage

5:1000 Parking Included, More parking can be provided, Building Mounted Signage facing Turnpike available

COMBINATIONS

info@sunbeamproperties.com

5:1000 Parking Included, More parking can be provided

COMMENTS

NAIOP | Itinerary Detailed Property Information


______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________

NAIOP | NAIOP Itinerary |Detailed MarketProperty ResearchInformation

NOTES

______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ 68


NAIOP | Itinerary Detailed Property Information

2018 Broward County Bus Tour Project Name Riviera Point Corporate Center Project Address 2750 SW 145 Avenue City / Zip Miramar, FL 33027 Building Information Owner / Developer Riviera Point Development Group Type (office, Warehouse, etc.) Office

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

New Office Development 2018 2018 1 65,000 SF 5 13,804 SF 4.2/1,000 13,804 SF 32,258 SF $24 NNN

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

Blanca Commercial Real Estate 1450 Brickell Avenue 305-577-8850 Mike.nathanson@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: alba.garcia@naiopsfl.org

69


RIVIERA POINT CORPORATE CENTER 2750 SW 145 AVENUE, MIRAMAR, FL

FOR LEASING INFORMATION, PLEASE CONTACT: DANET LINARES 305.577.8852

BUILDING HIGHLIGHTS: ƒ

New, five-story 64,431 SF Class A office building

ƒ

Quality construction, impact glass windows, modern and column-free design

ƒ

Up to 35,000 SF of contiguous space available

ƒ

Facade and monument signage available for large users

ƒ

Conference room, green car charging stations, on-site café/ cart, complimentary Wi-Fi in tenant lounge and on-site professional management

ƒ

Ample parking 4.2/1,000, with complimentary valet service

ƒ

Accessible from I-75, Sawgrass Expressway, I-595, Miramar Parkway and the Florida Turnpike

ƒ

Convenient access to 5 airports in Miami-Dade and Broward counties

DANET.LINARES@BLANCACRE.COM

FLAVIA ETERNOD, CCIM 305.377.6588

FLAVIA.ETERNOD@BLANCACRE.COM

MIKE NATHANSON 954.271.4331

NAIOP | NAIOP Itinerary |Detailed MarketProperty ResearchInformation

FEATURING MOVE-IN READY SUITES

MIKE.NATHANSON@BLANCACRE.COM

BLANCA COMMERCIAL REAL ESTATE, INC. 1450 BRICKELL AVENUE, SUITE 2060 T: 305.577.8850 | F: 305.577.8853 Licensed Real Estate Broker

70


RIVIERA POINT CORPORATE CENTER

Easily Accessible From Major Expressways Including I-75, I-595, Sawgrass Expwy. and Florida Tpk.

2750 SW 145 AVENUE, MIRAMAR, FL

NAIOP | Itinerary Detailed Property Information

FT. LAUDERDALE

Ft. LAUDERDALE/ HOLLYWOOD INTERNATIONAL AIRPORT

2750 SW 145th Avenue, Miramar, FL RIVIERA POINT CORPORATE CENTER ƒ

75

Easily accessible from I-75, Sawgrass

NORTH PERRY AIRPORT

Expressway, I-595, Miramar Parkway and the

Florida Turnpike ƒ

Convenient access to Ft. Lauderdale/Hollywood Airport, Miami International Airport, KendallTamiami Executive Airport and North Perry

A1A

997

Airport ƒ

OK

EE

Corporate/regional headquarters within 1 mile

826

CH

OB

EE

include: Humana, NBC 6, L’Oreal, Lucent

OPA-LOCKA

 EXECUTIVE AIRPORT

RO

AD

Technologies, Royal Caribbean, Southern Wine & Spirits and Carnival Cruise Lines

MIAMI

NEARBY AMENITIES

FLORIDA T URNPIKE

Monarch Lakes Shoppes | Shops at Pembroke Gardens | Courtyard and Residence Inn by Marri-

MIAMI INTERNATIONAL AIRPORT

ott | Wingate Wyndham Hotel | Hilton Garden Inn |

Starbucks | Sushi-n-Thai | La Carreta | Bokampers |

195

MIAMI BEACH

836

Wells Fargo Bank | PNC Bank | US Post Office

PUBLIC TRANSPORTATION ƒ

Connecting routes to Broward and Miami-Dade counties including 95 Express

ƒ

Park and Ride lot located at Miramar Regional Park (1 mile West of I-75)

ƒ

KENDALL

Two bus stops on Miramar Pkwy. and 145 Ave.

EXECUTIVE AIRPORT KENDALL-TAMIAMI

FOR LEASING INFORMATION, PLEASE CONTACT:

DANET LINARES 305.577.8852

FLAVIA ETERNOD, CCIM 305.377.6588

BLANCA COMMERCIAL REAL ESTATE, INC.

No warranty of representation expressed or implied, is made as to the accuracy of the information obtained 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 our principals.

DANET.LINARES@BLANCACRE.COM

1450 BRICKELL AVENUE, SUITE 2060 T: 305.577.8850 | F: 305.577.8853 Licensed Real Estate Broker

71

MIRAMAR PKWY

FLAVIA.ETERNOD@BLANCACRE.COM

MIKE NATHANSON 954.271.4331

MIKE.NATHANSON@BLANCACRE.COM


______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________

NAIOP | NAIOP Itinerary |Detailed MarketProperty ResearchInformation

NOTES

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NAIOP | Itinerary Detailed Property Information

2018 Broward County Bus Tour Project Name Monarch Lakes Project Address 3100 SW 145th Avenue City / Zip Miramar, FL 33027 Building Information Owner / Developer Workspace Property Trust Type (office, Warehouse, etc.) Office

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

Existing 2008 2008 1 104,000 4 25,000 4.5/1,000 4,000 8,000 12,000 $23.50/ $11.65 N/A

Jonathan Guffey 3350 SW 148th Avenue, Suite 124, Miramar, FL 33027 813-967-5068 jguffey@workspaceproperty.com • Energy Star certified, Class “A” office building • Certified LEED Gold

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

73


2018 Broward County Bus Tour

TRANSPORTATION Easy access to Interstate 75. TECHNOLOGY AT&T, FPL Fibernet, Sprint SUSTAINABILITY Green initiatives in place by property management to include janitorial cleaning and recycling. WORKSPACE PROPERTY TRUST (WPT) Workspace Property Trust locally owns, manages and leases 11 buildings consisting of 1.1 million square feet of office and off-flex properties in and around Miramar, Boca Raton and Sunrise FL.

NAIOP | NAIOP Itinerary |Detailed MarketProperty ResearchInformation

PARK AMENITIES On-site security guard, café, and property management. Hurricane impact glass windows. In close proximity of numerous shopping centers, hotels, eateries, banking, big box retail, and fitness centers.

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

74


3100 SW 145th Avenue, Miramar, FL 33027

FOR LEASE

8,493

NAIOP | Itinerary Detailed Property Information

AVAILABLE SQ.FT.

75

4.5/1,000 RSF Monarch Lakes

ASKING RENT: $23.50/ SQ.FT.

2018 OPEX: $11.65/ SQ.FT.

PROPERTY HIGHLIGHTS PARK AMENITIES On-site security guard, café, and property management. Hurricane impact glass windows. In close proximity of numerous shopping centers, hotels, eateries, banking, big box retail, and fitness centers. TRANSPORTATION Easy access to Interstate 75. TECHNOLOGY AT&T, FPL FiberNet, Sprint SUSTAINABILITY Green initiatives in place by property management to include janitorial cleaning and recycling. WORKSPACE PROPERTY TRUST (WPT) Workspace Property Trust locally owns, manages and leases 11 buildings consisting of 1.1 million square feet of office and offflex properties in and around Miramar, Boca Raton and Sunrise FL.


______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________

NAIOP | NAIOP Itinerary |Detailed MarketProperty ResearchInformation

NOTES

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NAIOP | Itinerary Detailed Property Information

2018 Broward County Bus Tour Project Name Huntington Centre I & II Project Address 2901/2801 SW 149th Avenue City / Zip Miramar, FL 33027 Building Information

Owner / Developer Starwood Capital / Vanderbilt Office Properties Type (office, Warehouse, etc.) Office

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

Completed 2000/2001 Two 91,656 sf / 91,675 sf 4 23,000 sf 4/1,000 sf 2,100 sf 24,195 sf (full floor) 53,807 sf $23.00 psf NNN / $12.50 psf

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

Avison Young – Florida 500 W. Cypress Creek Road, Suite 350, Ft. Lauderdale 33309 954.903.3900 Justin.cope@avisonyoung.com

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

77


Huntington Centre I & II 2901 / 2801 SW 149th Avenue | Miramar, Florida

Available Space From 2,000 - 24,195 sf

Property Information:

HC I: Suite 130:

5,089 sf

Suite 140:

8,330 sf

Suite 170:

2,451 sf

Suite 201:

2,127 sf

Suite 320B: 4,468 sf Suite 400: 24,195 sf

}

Up to 10,781 sf

• • • • • • •

Full 4th Floor and building signage rights available New Tenant Lounge Neighborhood Fuel program - gas delivery service Efficient space planning Abundant Parking Prime Location with great access to Miramar Parkway, I-75, I-595 and SR 836 Close proximity to Ft. Lauderdale/Hollywood International Airport and Miami International Airport

HC II: Suite 220:

2,679 sf

NAIOP | NAIOP Itinerary |Detailed MarketProperty ResearchInformation

Rental Rate: $23.00 psf NNN Operating Expenses: $12.50 psf

For more Information, Contact: 954.903.3900

78


NAIOP | Itinerary Detailed Property Information

2018 Broward County Bus Tour Project Name The Edison Pembroke Pines Project Address 1200 SW 145th Avenue City / Zip Pembroke Pines, FL 33027 Building Information Owner / Developer TPA Group Type (office, Warehouse, etc.) Office

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

Under Construction Phase I – April 2019 | Phase II - TBD Three – Two office bldgs.| One amenity bldg. 165,000 sf | 165,000 sf | 5,000 sf 3 55,000 sf 5.5/1,000 sf 10,000 sf 165,000 sf (full bldg.) 330,000 sf $26.00 psf NNN / Opex $12.00 psf

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

Avison Young – Florida 500 W. Cypress Creek Road, Suite 350, Ft. Lauderdale 33309 954.903.3900 Justin.cope@avisonyoung.com

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

79


THE EDISON PEMBROKE PINES

UNDER CONSTRUCTION NOW PRE - LEASING 145TH AVENUE, PEMBROKE PINES, FL FL 1200SW SW 145TH AVENUE, PEMBROKE PINES,

Two, Class A three-story office buildings 165,000 sf each Total Building Area: 335,000 square feet Efficient floor plans with minimal interior columns High ceilings / large windows for natural lighting 5,000 sf central amenity: The HUB @ Edison - will serve as a conference center, break area, coffee bar, and fitness gym (including showers) Abundant surface parking 5.5/1,000 square feet 24/7 building access Building signage available - excellent visibility from Interstate 75

NAIOP | NAIOP Itinerary |Detailed MarketProperty ResearchInformation

A CAMPUS BUILT TO ATTRACT. ENGAGE. RETAIN.

Dynamic indoor and outdoor collaboration spaces

For more Information, Contact: Greg Martin Greg.Martin@avisonyoung.com

Justin Cope Justin.Cope@avisonyoung.com

Lisa Hernandez Lisa.Hernandez@avisonyoung.com

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NAIOP | Itinerary Detailed Property Information

2018 Broward County Bus Tour Project Name South Florida Distribution Center Project Address 20311 Sheridan Road City / Zip Pembroke Pines, Fl 33332 Building Information Owner / Developer South Florida Distribution Center Type (office, Warehouse, etc.) Development/Core5 Industrial Partners)

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

(Helms

LLC

(Helms

New Construction Acquired land 2/2017 8/2018 – Building 20311 3 224,572 square feet 1 1 1.12 per 1000/Trailer parking available 38,000 224,572 224,572 $7.50/$2.40

Owner / Developer South Florida Distribution Center Type (Land for Sale, Build-to-Suit) Development/Core 5 Industrial Partners) Total Acres 65 gross Acres Zoning PID zoning Site Size 11.57 acres Price NA

Contact Information

Contact Company Scott Helms Address Phone 954-648-1933 e-mail Scott@helmsdevelopment.com

Additional Information

Trailer parking available. Second building scheduled to start in 4th Quarter 2018.

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

81

LLC


THAT’S THE CORE5 INDUSTRIAL PARTNERS STORY.

Before founding Core5 in 2015, the legacy executive team worked together and developed key real estate relationships and Class-A industrial facilities for over 27 years. Since opening their doors, Core5 has added top-shelf talent to round out a well-organized practice. In simple terms, this team clicks. Case in point. In just three years, Core5 has 10 million square feet built or under construction across the US.

Your success story is our success story. Work with Core5.

Pennsylvania Chicago Cincinnati Los Angeles/Inland Empire/ Orange County

Los Angeles/Inland Empire/ Orange County

Memphis Atlanta Core5 Offices

Dallas Core5 Offices Core5 Existing Markets

NAIOP | NAIOP Itinerary |Detailed MarketProperty ResearchInformation

0 TO 10 MILLION SF IN THREE YEARS

Houston

Core5 Existing Markets

Houston S. Florida c5ip.com

82

D


NAIOP | Itinerary Detailed Property Information

EXTRAORDINARY REAL ESTATE SOLUTIONS.

Focused on delivering exceptional logistics opportunities, Core5 Industrial Partners and Helms Development join forces in South Florida.

SOUTH FLORIDA DISTRIBUTION CENTER Pembroke Pines, Florida 224,560 SF delivering Summer 2018 • Class-A building appoints • Speculative office space • Trailer parking available • Superior access to SR 27 and I-75 • 5 million people within one hours’ drive time

LEASING: CBRE’S Larry Dinner 954.331.1705; Tom O’Loughlin 954.356.0468; Larry Genet 954.331.1740

c5ip.com · scott@helmsdevelopment.com

83


SOUTH FLORIDA

NAIOP | NAIOP Itinerary |Detailed MarketProperty ResearchInformation

DISTRIBUTION CENTER 20311 Sheridan Street, Pembroke Pines, FL 33332

South Florida Distribution Center is a three-building state-of-the-art logistics park located in Pembroke Pines, Florida. Situated less than one-half mile from the State Route 27 popular shipping corridor and under four miles to I-75, the park is perfectly sited to benefit major business hubs in the area and can serve over 5 million people within a one hour’s drive time. Trailer parking together with build-to-suit options are available up to +600,000 square feet. The first building, a 224,560 square-foot speculative facility, is set to deliver Summer 2018.

SW 205TH AVENUE

60'

320' SHARED TRUCK COURT

42'-3"

47'-9"

47' 55' TYP.

47'-6" TYP.

53'-9" TYP.

249,005 SF

270,767 SF

60'

76 SPACES

224,560 SF

60'

224 249 270

56' TYP. 980'-6" 42'-3"

47'

47'-9"

56' TYP.

56' TYP. 990'-0"

991'-6"

180' TRUCK COURT AND TRAILER PARKING 69 SPACES

SW 202ND AVENUE

16050

1-19

c5ip.com

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SW 205TH AVENUE

47'-9"

DISTRIBUTION CENTER

47' 55' TYP.

60'

20311 Sheridan Street 47'-6" TYP. Pembroke Pines,60' FL 33332 320'

SHARED TRUCK COURT 76 SPACES

BUILDING SPECIFICATIONS

224,560 SF

224,560 SF 249,005

Speculative Office Space

3,380 SF

Site Area

11.57 acres – Building A

Configuration

225’ x 960’

Slab Thickness

7”

Column Spacing

55’ x 56’ with 60’ speed bay

Clear Height

32’ clear

Dock High Doors

59

Drive-In Doors

2

Truck Court Depth

125’

Auto Parking

250 total spaces

Trailer Storage

Negotiable

Lighting

LED (interior & exterior)

Electrical

±1,600 Amps 480 Volt 3 Phase (can expand to 4,600 amps)

47'-9"

SW 202ND AVENUE Sprinkler

SF 991'-6"

47'

Square Footage

56' TYP.

56' TYP. 990'-0"

NAIOP | Itinerary Detailed Property Information

SOUTH FLORIDA

ESFR sprinkler system

c5ip.com

85


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NAIOP | NAIOP Itinerary |Detailed MarketProperty ResearchInformation

NOTES

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NAIOP | Itinerary Detailed Property Information

2018 Broward County Bus Tour Project Name Bergeron Distribution Center 1 & 2 Project Address 19700 Stirling Rd City / Zip Pembroke Pines, FL 33332 Building Information Owner / Developer Bergeron Land Development Co. Type (office, Warehouse, etc.) Warehouse

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

Phase 1 completed – Phase 2 planned Phase 1 completed 2018 Phase 2 planned too be completed Q1 2019 2 Phase 1- 170,373 SF – Phase 2- 150,000 SF 1 1.5/1,000 SF Phase 1- 21,500 +/- SF 150,000 SF 193,790 SF From $7.75 NNN + $2.75 CAM

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

Keith Graves/ Berger Commercial Realty 1600 SE 17 Street #200 Fort Lauderdale, FL 33316 954-652-2031 kgraves@bergercommercial.com

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

87


170,373 Sq.Ft. Class "A" Dock High- Distribution Warehouse 43,790 Sq.Ft remaining Typical Bay- 52' wide x 208' deep Up to 15% office finish Clearstory windows 52' column spacing; 60' speed bay 3 (10' x 10') dock doors per space Loading ramp available ESFR fire suppression system Parking 1.5/1,000 Sq.Ft. Trailer storage available Completed November 2017

BUILDING II Now Pre-leasing 185,868 Sq. Ft Class "A" Dock High- Distribution Warehouse Spaces from 24,000 Sq.Ft. Column spacing 54' x 54' with 60' speed bay Up to 15% office finish Clearstory windows Loading ramp available 32' clear height ESFR fire suppression system Parking 1.5/1,000 Sq.Ft On-site trailer storage available Estimated completion August 2019

NAIOP | NAIOP Itinerary |Detailed MarketProperty ResearchInformation

BUILDING I

KEITH R. GRAVES, CCIM 954-652-2031 KGRAVES@BERGERCOMMERCIAL.COM

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NAIOP | Itinerary Detailed Property Information

BROWARD COUNTY’S MOST INCLUSIVE ZONING WITH SPACE FOR LEASE/BUILD TO SUIT

300-Acre Park of Commerce Zoned for Light Industrial (M-1), General Industrial (M-3), and Limited Heavy Industrial (M-4). • • • •

Distribution warehouse available from 21,000 to 185,000 sq.ft Office, retail space from 1,000 sq. ft. Service and flex warehouse space from 1,650 sq. ft. Outdoor storage/trailer parking lots from 2 acres

• NIMBY (Not In My Backyard) users welcome Under Development - Bergeron Distribution Center II, a Class “A” warehouse/distribution scheduled for completion in 2019. Rear-load configuration. 32’ clear, 222’ depth, 54’ column spacing, 60’ speed bay, 120’ truck court, ESFR fire sprinklers, M-3 Industrial zoning.

Location, Location, Location Located in the business friendly community of Pembroke Pines in Southwest Broward County near major freeways, airports and seaports with easy access to Broward, Palm Beach and Miami-Dade counties, the Bergeron Park of Commerce location, in the heart of South Florida, provides companies a tremendous savings in time, fuel and personnel costs. • Nearby Interstate 75 and US Highway 27 connect the Park to the east coast highway system, the I-595/Port Everglades/Airport Expressway, Florida Turnpike and I-95. • 25 minutes from Fort Lauderdale International Airport and 30 minutes from the Miami International Airport. • 25 minutes from Port Everglades; the fastest growing cargo port in the nation and second busiest cruise port in the world. • Nearby amenities include US post office, preschool, fitness, dry cleaning, shopping, restaurants and hotels Evidence of the Park’ s potential is demonstrated by its selection of fine companies such as the Ryder Logistics, InNeuroCo, Insurance Auto Auctions, Mobile Mini, Sheridan Technical Center, Broward County Public Schools, South Florida Operating Engineers Local Union #487, TruGreen, U.S. Postal Service, Weekley Asphalt Paving and Central Concrete SuperMix.

Developed and managed by: Bergeron Properties & Investment Corp. Ronald M. Bergeron, Sr., President. & CEO Lonnie N. Bergeron, Exec. Vice President Frank Saia, Vice President of Real Estate

CONTACT FRANK SAIA FOR INFORMATION ON SPACE FOR LEASE. BROKERS WELCOME phone: (954) 680-0223 fax: (954) 680-0218 www.BergeronLand.com · bpic@bergeroninc.com Information herein is subject to change, errors, omissions or withdrawal without notice.

89


BROWARD COUNTY’S MOST INCLUSIVE ZONING WITH SPACE FOR LEASE/BUILD TO SUIT

• • • • • • • •

Retail/Commercial/Office Wholesale Warehouse/Distribution Outdoor storage Truck terminal and depot Automobile auction Boat building and repair Manufacturing, fabricating, and assembling of products • Building materials and equipment yard

NIMBY Uses Permitted: • Asphalt and concrete plant • Lumber yard with planing mill • Automotive/Truck manufacturing, repairs and body work • Concrete products manufacture • Butane or propane manufacturing or storage • Bulk Storage of aggregates, asphalt, brick, building materials, cement, clay products, concrete products, coal, contractor’s equipment, fuel, gasoline,gravel, pipe, lumber, machinery, propane, roofing, rope, sand, stone, terra cotta, timber or wood

Developed and managed by: Bergeron Properties & Investment Corp. Ronald M. Bergeron, Sr., President. & CEO Lonnie N. Bergeron, Exec. Vice President Frank Saia, Vice President of Real Estate

NAIOP | NAIOP Itinerary |Detailed MarketProperty ResearchInformation

Partial List of Permitted Zoning Uses:

CONTACT FRANK SAIA FOR INFORMATION ON SPACE FOR LEASE. BROKERS WELCOME phone: (954) 680-0223 fax: (954) 680-0218 www.BergeronLand.com · bpic@bergeroninc.com Information herein is subject to change, errors, omissions or withdrawal without notice.

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NAIOP | Itinerary Detailed Property Information

2018 Broward County Bus Tour Project Name Project Address City / Zip Building Information

Davie Business Center Davie Road Davie, FL 33314 Buildings C, D and G

Owner / Developer IDI Logistics Type (office, Warehouse, etc.) Distribution/Warehouse

Status (New, Completed, Renovated) Year Build / Completion Date Number of Buildings Building Size (s) Number of Floors Clear Height 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

Existing/Under Construction/Build-to-Suit 2018 2019 3 115,740 SF, 150,380 SF, 205,440 SsF 1 32’ 115,740 SF, 150,380 SF, 205,440 SF 1.3 per 1,000 SF 30,000 SF 205,440 SF 396,370 SF

IDI Logistics Distribution/Warehouse 61.58 acres RAC-RTE 61.58 acres N/A Larry Dinner, CBRE 200 E. Las Olas Blvd, Suite 1620 Fort Lauderdale, FL 33301 954.331.1705 larry.dinner@cbre.com Centrally located within the three-county South Florida market, proximate to FLL and Port Everglades. Dual access to I-595 and the Florida Turnpike.

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

91


DAVIE BUSINESS CENTER BUILDING C - UNDER CONSTRUCTION 3430 Davie Road Davie, Florida 33314 United States

NAIOP | NAIOP Itinerary |Detailed MarketProperty ResearchInformation

OVERVIEW With close proximity to I-595 and direct access to I-95, I-75 and Florida's Turnpike, Davie Business Center is one of Florida's most desirable business locations. Building C will offer 205,440 total square feet of newly constructed, first-generation space in the pro-business town of Davie.

SPECIFICATIONS Total Space: Total Space Available: Lot Size: Clear Height: Fire Sprinkler: Auto Parking: Docks: Drive-in Doors: Truck Court: Typical Bay:

10.43 acres (4.22 hectares) 205,440 SF (19,086 SQ M) 10.43 acres 32' ESFR 293 spaces 49 - 9' x 10' 2 - 12' x 14' 180' (shared) 54' x 45'; 60' staging

Larry Dinner CBRE 954.331.1705 larry.dinner@cbre.com

CONTACT

Bob Stephens IDI Logistics Cincinnati +1.859.663.2884 robert.stephens@idilogistics.com

Tom O'Loughlin CBRE 954.356.0468 tom.oloughlin@cbre.com Larry Genet CBRE 954.331.1740 larry.genet@cbre.com

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DAVIE BUSINESS CENTER BUILDING D

NAIOP | Itinerary Detailed Property Information

3410 Davie Road Davie, Florida 33314 United States

OVERVIEW With close proximity to I-595 and direct access to I-95, I-75 and Florida's Turnpike, Davie Business Center is one of Florida's most desirable business locations. Building D will offer 150,380 total square feet of newly constructed, first-generation space in the pro-business town of Davie.

SPECIFICATIONS Total Space: Total Space Available: Lot Size: Clear Height: Fire Sprinkler: Auto Parking: Docks: Drive-in Doors: Truck Court: Typical Bay:

150,380 SF (13,971 SQ M) 75,190 SF (6,985 SQ M) 8.27 acres 32' ESFR 229 spaces 46 - 9' x 10' 1 - 12' x 14' 180' (shared) 54' x 46'8"; 60' staging

Larry Dinner CBRE 954.331.1705 larry.dinner@cbre.com Tom O'Loughlin CBRE 954.356.0468 tom.oloughlin@cbre.com Larry Genet CBRE 954.331.1740 larry.genet@cbre.com

93

CONTACT

Bob Stephens IDI Logistics Cincinnati +1.859.663.2884 robert.stephens@idilogistics.com


DAVIE BUSINESS CENTER PROPOSED BUILDING G 3370 Davie Road Davie, Florida 33314 United States

NAIOP | NAIOP Itinerary |Detailed MarketProperty ResearchInformation

OVERVIEW With close proximity to I-595 and direct access to I-95, I-75 and Florida's Turnpike, Davie Business Center is one of Florida's most desirable business locations. Building E will offer 225,466 total square feet of newly constructed, first-generation space in the pro-business town of Davie.

SPECIFICATIONS Total Space: Total Space Available: Clear Height: Dock Doors: Drive-in Doors: Auto Parking: Typical Bay: Staging Bay Size: Truck Court: Fire Sprinkler:

114,660 SF (10,652 SQ M) 114,660 SF (10,652 SQ M) 32' 37 (9'x10') 2 (12'x14') 145 spaces 54'x60' 54'x60' 185' (shared) ESFR

Larry Dinner CBRE 954.331.1705 larry.dinner@cbre.com

CONTACT

Doug Armbruster IDI Logistics Atlanta +1.859.663.2886 doug.armbruster@idilogistics.com

Tom O'Loughlin CBRE 954.356.0468 tom.oloughlin@cbre.com Larry Genet CBRE 954.331.1740 larry.genet@cbre.com

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NAIOP | Itinerary Detailed Property Information

2018 Broward County Bus Tour Project Name Prologis Port 95 Project Address 3801 SW 30th Avenue City / Zip Hollywood, Florida 33312 Building Information Owner / Developer Prologis Type (office, Warehouse, etc.) Warehouse

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

Completed 2000 1 103,000 SF 1 +/- 50,000 SF 103,000 SF 103,000 SF

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

Barbara Mantecon 450 E. Las Olas Boulevard, Suite 880, Ft. Lauderdale, FL 954-316-1777 Bmantecon@prologis.com 13,625 SF office, 30’ clear height, 30 dock high doors, 5 additional punch-out dock doors, 1 drive-in ramp. Available Q1 2019.

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

95


103,000 SF Industrial Space For Lease

3801 SW 30th Avenue Fort Lauderdale, FL 33312 USA

LOCATION • State-of-the-art distribution facility conveniently located in Fort Lauderdale/Hollywood area • 1 mile west of I-95 • Close proximity to Port Everglades and Fort Lauderdale/Hollywood International Airport FACILITY • 103,000 SF – total building size • Total building available • 13,625 SF office • 30’ clear height • 30 dock high doors and 8 punch-out dock doors • 1 drive-in ramp • 40’ x 40’ typical column spacing • 148 total parking stalls, 12 covered stalls • ESFR fire sprinkler system

NAIOP | NAIOP Itinerary |Detailed MarketProperty ResearchInformation

Prologis Port 95

www.prologis.com

96


103,000 SF

NAIOP | Itinerary Detailed Property Information

Industrial Space For Lease

CBRE

CBRE

Prologis

Tom O’Loughlin Tom.oloughlin@cbre.com ph +1 954 356 0468 cell +1 954 817 3919 200 E. Las Olas Boulevard Suite 1620 Fort Lauderdale, FL 33301 USA

Larry Genet Larry.genet@cbre.com ph +1 954 331 1740 cell +1 305 817 3919 200 E. Las Olas Boulevard Suite 1620 Fort Lauderdale, FL 33301 USA

Barbara Mantecon bmantecon@prologis.com ph +1 954 316 1777 cell +1 305 793 9369 450 E. Las Olas Boulevard Suite 880 Fort Lauderdale, FL 33301 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.

97

www.prologis.com


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NAIOP | NAIOP Itinerary |Detailed MarketProperty ResearchInformation

NOTES

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NAIOP | Itinerary Detailed Property Information

2018 Broward County Bus Tour Project Name 201 East Las Olas Project Address 201 East Las Olas Boulevard City / Zip Fort Lauderdale, FL 33301 Building Information Owner / Developer Shorenstein Properties/ Stiles Type (office, Warehouse, etc.) Office/Retail

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

Under Construction November 2020 1 Office- 355,390 SF; Retail-17,400 SF 25 25,047 SF 3:1,000 2,000 SF 140,000 SF 355,390 SF $40.00-$60.00 NNN / $16.00

Contact Company Stiles Address 301 East Las Olas Blvd. Phone 954-627-9400 e-mail Norm.adams@stiles.com

Additional Information

201 East Las Olas is the newest iconic luxury office tower to rise on Las Olas Boulevard in the heart of downtown Fort Lauderdale. This building allows its tenants to benefit from the only tower in Downtown to offer 10’ finished ceilings along with an elaborate amenity deck, large community conference room, business lounge, outdoor terrace and efficiency of a new floorplate. Developed by award-winning real estate firm Stiles, this luxury tower is conveniently situated at the epicenter of the financial district on the last available site on Las Olas Boulevard. This will be the first office project developed on Las Olas Boulevard in almost 20 years. Distinguished by its sleek glass façade, cutting-edge technology, hurricane glass and unparalleled amenities, this tower will redefine Class A work environments while offering direct access to Miami and Palm Beach via the Brightline. 201 East Las Olas presents an environmentally responsible LEED Certified building from the ground up boasting collaborative workspaces and today’s most efficient business environments. Stiles leads the market in sustainable office projects, starting from the company’s development of the first LEED Certified office building in Florida. 201 East Las Olas will provide tenants with the opportunity to move corporate functions into a sustainable, secure, and modern work environment.

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

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NAIOP | NAIOP Itinerary |Detailed MarketProperty ResearchInformation

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NAIOP | Itinerary Detailed Property Information

2018 Broward County Bus Tour Project Name One Financial Plaza Project Address 100 SE 3rd Ave City / Zip Fort Lauderdale, FL 33394 Building Information Owner / Developer W-Crocker Fin Place Owner VIII, LLC Type (office, Warehouse, etc.) Office

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

Renovated Renovated in 2008 Built in 1972 Renovated in 2008 Built in 1972 1 281,906 sf 28 11,205 sf 2.50/1,000 sf 816 sf 11,213 sf 31,077 sf $33-35 NNN / $15.58

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

Laurel Oswald 1 SE 3rd Avenue, Suite 1010, Miami, FL 33131 (305) 867-3625 loswald@tower-cre.com PROPERTY FEATURES • 28-story Class A office tower two blocks from Las Olas Blvd. •

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

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2018 Broward County Bus Tour

• • • • • •

Recently renovated lobby and common area Attached parking garage with direct access to the building lobby and tenant floors New high-speed elevators and hurricane impact glass Tenant monument signage available on Broward Blvd. High-end Spec suites available ranging from 1,200 sf to 2,000 sf Tower Club on the 28th floor with dramatic ocean views Offers lunch & dinner Meeting rooms and event catering

MULTI-MILLION DOLLAR RENOVATION COMPLETED • Dramatically enhanced ground floor lobby with retail spaces • Completely re-designed east building entrance • Brand new fitness center and conferencing facilities • Multi-tenant monument signage fronting Broward Blvd

NAIOP | NAIOP Itinerary |Detailed MarketProperty ResearchInformation

• •

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

102


ONE FINANCIAL PLAZA

100 SE 3rd Avenue | Fort Lauderdale, Florida 33394

NAIOP | Itinerary Detailed Property Information

PROPERTY FEATURES

MULTI-MILLION DOLLAR RENOVATION COMPLETED

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

103

CRISTINA GLARIA Director 305.867.3626 cglaria@tower-cre.com

SEC SUITE

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

• Multi-million dollar renovation recently completed with dramatically enhanced ground floor lobby, retail spaces, completely re-designed east building entrance, brand new fitness center, conferencing facilities and multi-tenant monument signage fronting Broward Blvd • 28-story Class A office tower two blocks from Las Olas Blvd. • Attached parking garage with direct access to the building lobby and tenant floors • New high-speed elevators and hurricane impact glass • Tenant monument signage available on Broward Blvd. • High-end Spec suites available ranging from 1,200 sf to 2,000 sf • Tower Club on the 28th floor with dramatic ocean views - Offers lunch & dinner - Meeting rooms and event catering

TOWER CLUB

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


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NAIOP | NAIOP Itinerary |Detailed MarketProperty ResearchInformation

NOTES

______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ 104


NAIOP | Itinerary Detailed Property Information

2018 Broward County Bus Tour Project Name Tower 101 / 101 Centre Project Address 101 NE Third Avenue City / Zip Fort Lauderdale, FL 33301 101 Centre Building Information Tower 101 Owner / Developer Ivy Equities Type (office, Warehouse, etc.) Office

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

Ivy Equities Office

Completed

Completed

2001 1 229,339 s.f. 21

1986 1 50,205 s.f. 6

2:5 4,512 s.f. 18,244 s.f. 18,244 s.f. $25-$27/$14.88 opex

2:5 1,682 s.f. 6,282 s.f. 10,464 s.f. $23.50/$14.09 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

Aymee Velazquez JLL 200 E Broward Boulevard, Fort Lauderdale, FL 954-233-3441 Aymee.Velazquez@am.jll.com

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

105


For Lease

18,244 s.f. available on 17th floor

− Tower 101 is undergoing renovations that will combine modern and elegant aesthetics to the already established on-site building’s amenities, such as: security, cafe, property management and conference center with wifi. −

Brand new, modern spec suites are currently under construction to accomodate users from 1,500 s.f. to 5,500 s.f.

The buildings’ prime location is rated Walker’s Paradise by walkscore. com —at a score of 96/100, proximity to major downtown destinations is only a few steps away.

Despite its close proximity to dining and retail, tenants can also access the buildings’ courtesy shuttle to the Courthouse, Las Olas Blvd., and many other downtown points of interest.

Commuters benefit from Tower 101’s central location, immediate access to the new Brightline station, and drivers also enjoy quick and convenient access to US-1, I-95 and I-595.

Available space Tower 101 $25.00 - $27.00 p.s.f. NNN $14.88 p.s.f. - Operating expenses

101 Centre $23.50 p.s.f. NNN $14.09 p.s.f. Operating expenses

101 NE Third Avenue Fort Lauderdale, FL

Sandra Andersen +1 954 760 4854 sandra.andersen@am.jll.com Elizabeth Jimenez +1 954 233 3441 elizabeth.jimenez@am.jll.com Lic. Real Estate Brokers

tower-centre101.com

Suite

Size

Notes

1200

5,495 s.f.

Future spec suite

1220

4,512 s.f.

Future spec suite

1700 full floor

18,244 s.f.

Suite

Size

300

1,682 s.f.

310

2,500 s.f.

420

2,504 s.f.

Available 02/2019

600

4,178 s.f.

Future spec suite

620

2,090 s.f.

Future spec suite

Notes

NAIOP | NAIOP Itinerary |Detailed MarketProperty ResearchInformation

Highly desired office space at Tower 101 and boutique building 101 Centre

Contiguous for 4,182 s.f.

Contiguous for 6,282 s.f.

106


NAIOP | Itinerary Detailed Property Information

2018 Broward County Bus Tour Project Name 110 Tower Project Address 110 SE 6th Street City / Zip Fort Lauderdale, FL 33301 Building Information Owner / Developer GV IP 110 Tower Owner, LLC 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

Completed 1988/2018 1 394,830 SF 30 15,298 SF 2.5:1,000 1,423 SF 30,000 SF 84,482 $29 - $34 PSF NNN + $14.21 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

Colliers International 200 East Broward Blvd., Ste. 120, Ft. Lauderdale , FL 33301 954.652.4613 ryan.goggins@colliers.com Property website www.110tower.com

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

107


www.110tower.com •

Adjacent to the Broward County Courthouse

On-site amenities include restaurants, a health club, as well as conference and entertainment facilities

Best panoramic views of the ocean,

AVAILABLE SPACES

Intracoastal waterway, and Downtown Fort Lauderdale

SUITE

SQUARE FEET

1402

1,835

720

3,053

Spec suites available for immediate occupancy

170

3,661

Building signage available for large user

1970

4,145

Attentive, professional leasing team and onsite management

1850

5,575

Building Shuttle for tenant transportation to

740

6,223

2510

7,072

820

8,340

3000

8,615

710

12,528

2900

15,264

2160

2,908

2300

3,339

1410

1,927

Combined:

Total:

710/720/740/820

30,144

area amenities and restaurants •

Energy Star labeled for operating efficiency

LEED® Gold Certified

BUILDING SPECS

RENTAL RATES $28 - $35 PSF NNN

YEAR BUILT 1988 RENOVATED 2015

2017 OPEX $14.21 PSF

PARKING RATIO 2.5: 1,000 SF

Jonathan Kingsley +1 954 652 4610 jonathan.kingsley@colliers.com

Jarred Goodstein +1 954 652 4617 jarred.goodstein@colliers.com

NAIOP | NAIOP Itinerary |Detailed MarketProperty ResearchInformation

ABOVE FORT LAUDERDALE, BEYOND EXPECTATIONS

Ryan Goggins +1 954 652 4613 ryan.goggins@colliers.com

Copyright © 2018 Colliers International. Information herein has been obtained from sources deemed reliable, however its accuracy cannot be guaranteed. The user is required to conduct their own due diligence and verification.

108


NAIOP | Itinerary Detailed Property Information

2018 Broward County Bus Tour Project Name The 550 Building Project Address 550 S Andrews Ave City / Zip Fort Lauderdale, FL 33301 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

Blackhawk Investments, LLC Office with restaurant/ retail components New 2019 Spring 2019 2 Office & restaurant total 95,532 SF – Retail portion under garage building is 13,000 SF Office building is 7 stories- The garage is 8 stories with ground floor retail 13,000 SF 3.5/1,000 1,500 Office Max 78,000 (6 floors) Retail max 13,000 SF 95,532 Office- $28 + $13 CAM Restaurant- $55 + $10 CAM Retail- $35 + $10 CAM

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

Berger Commercial Realty 1600 SE 17 Street #200 Fort Lauderdale, 33316 954-358-0900 sbernota@bergercommercial.com Property is adjacent to Publix and the Broward Courthouse

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

109


THE 550 BUILDING OFFICE - RESTAURANT - RETAIL

Joseph Byrnes Senior Vice President jbyrnes@bergercommercial.com Jonathan Thiel Senior Sales Associate jthiel@bergercommercial.com John Forman Sales Associate jforman@bergercommercial.com

Seven-story, 95,532 sf Class A Office Building Office suites from 1,500 sf to full floors of 13,136 sf 634 car parking garage with 13,000 sf of retail space Highest parking ratio available in Downtown Fort Lauderdale Main tenant building signage available Ground floor patio restaurant and retail opportunities Key location in the fast emerging SOLO District of Downtown Fort Lauderdale Located adjacent to the new 700,000 sf Broward County Courthouse, Publix and residential high-rise development

Main office- 954.358.0900

NAIOP | NAIOP Itinerary |Detailed MarketProperty ResearchInformation

550 S. ANDREWS AVE. FORT LAUDERDALE, FL 33301

bergercommercial.com

110


NAIOP | Itinerary Detailed Property Information

2018 Broward County Bus Tour Project Name Bridgepoint Riverbend Project Address 2201 W Broward Blvd City / Zip Fort Lauderdale, FL 33312 Building Information Owner / Developer Bridge Development 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

New 2018 October 2018 1 221,542 SF 1 221, 542 SF 1.4/1,000 SF 221,542 SF 221,542 SF 221,542 SF $8.50 NNN, $2.65 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

Colliers International 200 East Broward Blvd 954-850-6487 Steven.wasserman@colliers.com/Erin.byers@colliers.com

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

111


> FOR LEASE W BROWARD BLVD

HIGHLIGHTS • Delivery 3Q 2018 • 221,542 SF industrial warehouse building • Located at intersection of I-95 & Broward Blvd.

INTERSTATE 95

• Immediate proximity to Port Everglades and Fort Lauderdale-Hollywood International Airport CONTACT US

FEATURES New Development

32’ Clear Height

Class A Warehouse

1.4/1,000 Parking

STEVEN WASSERMAN Executive Vice President +1 954 850 6487 steven.wasserman@colliers.com ERIN BYERS Vice President +1 786 517 4976 erin.byers@colliers.com

NAIOP | NAIOP Itinerary |Detailed MarketProperty ResearchInformation

BRIDGE POINT RIVERBEND

2201 W BROWARD BOULEVARD, FORT LAUDERDALE, FL 33312

ESFR Fire Suppression System COLLIERS INTERNATIONAL |

DEVELOPED BY:

www.bridgedev.com

www.elionpartners.com

SOUTH FLORIDA LLC. 200 East Broward Blvd, Ste 120 Fort Lauderdale, FL 33301 +1 954 652 4600 >

www.colliers.com/southflorida

112


1 2 Br ow Blv d

Port Everglades NORTH

1

5.7 miles 6 - 9 mins

Ft. Lauderdale International

2

6.4 miles 7 - 12 mins

Miami International Port Miami

3

3

28 miles 30 - 45 mins

Port Miami

4

4

SITE LOCATION AND ACCESS

27.4 miles 30 - 45 mins

BRIDGE POINT RIVERBEND

I95 ON/OFF RAMP

Broward Blvd

FF R A

I95N ON RAMP

MP

Broward Blvd

I95N O

NAIOP | Itinerary Detailed Property Information

a rd

DRIVE TIMES

I9 5

ON

/O F

FR

AM

P

NORTH

113


BRIDGE POINT RIVERBEND BRIDGE POINT RIVERBEND FT. LAUDERDALE, FLORIDAFLORIDA FT. LAUDERDALE,

NAIOP | NAIOP Itinerary |Detailed MarketProperty ResearchInformation

SITE PLAN AND SPEC OFFICE PLAN

GENERAL CODE INFO: GENERAL CO THE CODES IN EFFECT ARE :

* FLORIDA BUILDING CODE ( F.B.C. ) 2017 THE CODES IN EFFECT ARE : * 2015 FLORIDA FIRE PREVENTION CODEBUILDING 5TH EDITION * FLORIDA COD * NFPA 101 LIFE SAFETY CODE 2012 EDITION FIRE PRE * 2015 FLORIDA * NFPA 101 LIFE SAFETY ALTERATION LEVEL ( PER FBC 2017 EXISTING BUILDING ): CHAPTER 7 - ALTERATION LEVEL 2 ALTERATION LEVEL ( PER FB CHAPTER 7 - ALTERATION LE COMPLIANCE METHOD ( PER FBC 2017 EXISTING BUILDING SECT. 101.5.1 ): COMPLIANCE METHOD ( PER PRESCRIPTIVE METHOD SECT. 101.5.1 ): PRESCRIPTIVE METHOD

OCCUPANT CLASSIFICATION: B- BUSINESS OCCUPANT CLASSIFICATION B- BUSINESS

B - BUSINESS - 2,700 SQ. FT. OCCUPANTS: 2,700 SF / 100 SFBPER PERSON- =2,700 27 PEOPLE - BUSINESS SQ. FT. OCCUPANTS: 2,700 SF / 100 S

TOTAL OCCUPANTS = 27

TOTAL OCCUPANTS = 27 TYPE OF CONSTRUCTION: ( EXIST BLDG.) TYPE IIB ( FIRE SPRINKLED ) TYPE OF CONSTRUCTION: ( E TYPE IIB ( FIRE SPRINKLED ) NOTE: THE EXISTING BUILDING IS A FIRE SPRINKLERED BUILDING NOTE: THE EXISTING BUILDING IS A MAXIMUM ALLOWABLE COMMON PATH OF TRAVEL DISTANC MAXIMUM ALLOWABLE COMM (FBC SECTION 1030.4) 100' WITH SPRINKLE (FBC SECTION 1030.4) SYSTEM

300' WITH MAXIMUM ALLOWABLE TRAVEL DISTANCE SPRINKL MAXIMUM ALLOWABLE TRAVE SYSTEM (FBC CHP. 10 TABLE 1016.1) (FBC CHP. 10 TABLE 1016.1) MAXIMUM DEAD END CORRIDOR 50' WITH MAXIMUM DEAD END SPRINKL CORRID (NFPA 101 212 EDITION SECTION 38.2.5.2.1) SYSTEM (NFPA 101 212 EDITION SECTI

COVER SHEET FLOOR PLAN A0 COVER SHEET REFLECTED CEILING PLAN / LIFEPLAN SAFE FLOOR A1 DETAILS REFLECTED C A2 ROOF PLAN DETAILS A3 ROOF PLAN A4

M-1 M-2 E-1 E-2 E-3 E-4 E-5 E-6 E-7 E-8

MECHANICAL DETAILS, NOTES, LEGEN MECHANICAL PLAN MECHANICAL M-1 ELECTRICAL NOTES, LEGEND MECHANICAL M-2 ELECTRICAL LIGHTING PLAN ELECTRICAL N E-1 ELECTRICAL POWER PLAN ELECTRICAL L E-2 PARTIAL WAREHOUSE LIGHTING PLANP ELECTRICAL E-3 PARTIAL WAREHOUSE LIGHTING PARTIALPLAN WARE E-4 PARTIAL WAREHOUSE LIGHTING PARTIALPLAN WARE E-5 PARTIAL WAREHOUSE LIGHTING PARTIALPLAN WARE E-6 ELECTRICAL PANEL RISE PARTIAL /WARE E-7 SCHEDULES ELECTRICAL P E-8 PLUMBING SCHEDULES AND NOTES PLUMBING PLAN PLUMBING SC P-1 PLUMBING PL P-1

P-1 P-1 PROJECT LOCATION

PROJECT LOCATION

FLOOR PLAN KEY

NORTH

1

SYMBOLS

#

SHEET NUMBER DETAIL NUMBER

BUILDING SECTION WINDOW IDENTIFIER XX (SEE WINDOW SCHEDULE)

1

SHEET NUMBER

1 A-1

SHEET NUMBER

ELEVATION TARGET

FLOOR PLAN AND ELEVATION KEYNOTE TAG

WALL TYPE TAG SEE SHEET AXX #

# WALL SECTION #

# ELEVATION TARGET

DETAIL IDENTIFIER

WALL TYPE TAG SEE SHEET AXX

# #

PL C L

REVISION SYMBOL

WINDOW IDENTIFIER (SEE WINDOW SCHEDULE)

FLOOR PLAN AND ELEVATION KEYNOTE TAG 2

2 DETAIL

A-1 SHEET NUMBER 1 WALL SECTION SECTION #/LETTER A-1

2

DOOR IDENTIFIER

#

XX

SHEET NUMBER 1 DETAIL NUMBER DETAIL A-1

SHEET NUMBER SECTION #/LETTER

FOOTING IDENTIFIER

DOOR IDENTIFIER

# A SECTION LETTERBUILDING SECTION A-1 A A-1

PLATE

COLUMN IDENTIFIER C L CENTER LINE

# FOOTING IDENTIFIER INTERIOR ELEVATIONS #

A

SECTION LETTER

PL

COLUMN IDENTIFIER #

B ELEVATION LETTER INTERIOR ELEVATIONS C B A C

NORTH

LOCATION PLAN / SITE PLAN LOCATION PLAN / SITE PLAN 1 SCALE: NOT TO SCALE

SCALE: NOT TO SCALE

ABBREVIATIONS ABBREVIATIONS

SYMBOLS

ELEVATION LETTER

DRAWING INDEX DRAW

A0 A1 A2 A3 A4

DETAIL IDENTIFIER

2

ABV AFF AHU PLATEB.F. B.P. BLK. BLW. CENTER LINE BRG.

ABOVE ABOVE FINISHED FLOOR ABV AIR HANDLER UNIT AFF BI FOLD AHU BI PASS B.F. BLOCK B.P. BELOW BLK. BEARING BLW. BTM. BOTTOM BRG. CLG. CEILING BTM. REVISION CMUSYMBOL CONCRETE MASONRY UNITS CLG. COL. COLUMN CMU CONC. CONCRETE COL. CSMT. CASEMENT CONC. DBL. DOUBLE CSMT. DIA. DIAMETER DBL. DISP. DISPOSAL DIA. DP DESIGN PRESSURE DISP. DR. DOOR DP DW DISH WASHER DR. E.E. EACH END DW ELEC. ELECTRICAL E.E. ELEV. ELEVATION ELEC. E.S. EACH SIDE ELEV. EXT. EXTERIOR E.S. F.B.C. FLORIDA BUILDING CODE EXT. F.R. FIRE RATED F.B.C. FR FRENCH DOOR F.R. FIN. FINISHED FR FL. FLOOR FIN. FL.

G.T. GIRDER TRUSS P.L.F. POUNDS PER LINEAR FOOT GA. GAUGE P.S.F. FOOT ABOVE G.T. GIRDER TRUSS POUNDS PER SQUARE P.L.F. POUNDS PER LINEAR FOOT GALV. GALVANIZED POUNDS PER SQUARE INCH ABOVE FINISHED FLOOR GA. GAUGEP.S.I. P.S.F. POUNDS PER SQUARE FOOT GFI GROUND FAULT INTERRUPT P.T. PRESSURE TREATED AIR HANDLER UNIT GALV. GALVANIZED P.S.I. POUNDS PER SQUARE INCH GL. GLASS PART'N. BI FOLDGYPSUM WALLBOARD GFI GROUND FAULT PARTITION INTERRUPT P.T. PRESSURE TREATED GWB POCKET BI PASS GLASSPKT. PART'N. PARTITION GYP. BD. GYPSUM WALLBOARD GL. PLYWD. PLYWOOD BLOCK GWB GYPSUM WALLBOARD PKT. POCKET HGT. R.O. ROUGH OPENING BELOW HEIGHT GYP. BD. GYPSUM WALLBOARD PLYWD. PLYWOOD HPS. HOOPS SOLID CORE BEARING HGT. HEIGHTS.C. R.O. ROUGH OPENING HRBOTTOM HOUR SLIDING GLASS DOOR HPS. HOOPSS.G.D. S.C. SOLID CORE HS HORIZONTAL SLIDING SQUARE FOOT CEILING HR HOUR SF S.G.D. SLIDING GLASS DOOR HVHZ HIGH VELOCITY HURRICANE ZONE SH SINGLE HUNG CONCRETE MASONRY UNITS HS HORIZONTAL SLIDING SF SQUARE FOOT INS. INSULATION SMS SHEET METAL SCREWS COLUMN HVHZ HIGH VELOCITY HURRICANE ZONE SH SINGLE HUNG INT. INTERIOR ST. STIRRUPS CONCRETE INS. INSULATION SMS SHEET METAL SCREWS LG. LONG STL. STEEL CASEMENT INT. INTERIOR ST. STIRRUPS LIN. SWITCH DOUBLELINEN LG. LONG SW STL. STEEL LT.DIAMETER LIGHT TEMPERED LIN. LINEN TEMP. SW SWITCH L.T. LAUNDRY TUB THROUGH BOLT DISPOSAL LT. LIGHT T.B. TEMP. TEMPERED M.C. CABINET T.O.TUB THROUGH OUT DESIGNMEDICINE PRESSURE L.T. LAUNDRY T.B. M.R.H. T.O.B.B. TOP OF MASONRY BOND BEAM THROUGH BOLT DOOR MEAN ROOF HEIGHT M.C. MEDICINE CABINET T.O. THROUGH OUT M.T. METAL THRESHOLD T.O.PL. TOP OF WOOD PLATE DISH WASHER M.R.H. MEAN ROOF HEIGHT T.O.B.B. TOP OF MASONRY BOND BEAM MAX. MAXIMUM TOP OF TIE BEAM EACH END M.T. METAL T.O.T.B. THRESHOLD T.O.PL. TOP OF WOOD PLATE MFR. MANUFACTURER TYP. TYPICAL ELECTRICAL MAX. MAXIMUM TOP OF TIE BEAM T.O.T.B. MICRO. MICROWAVE U.N.O. UNLESS NOTED OTHERWISE ELEVATION MFR. MANUFACTURER TYP. TYPICAL MIN. MINIMUM UL UNDERWRITERS LABORATORIES EACH SIDE MICRO. MICROWAVE U.N.O. UNLESS NOTED OTHERWISE M.O. MASONRY OPENING MIN. V.I.F. VERIFY IN FIELD EXTERIOR MINIMUM UL UNDERWRITERS LABORATORIES MONO. MONOLITHIC W.A.OPENING WEDGE ANCHORS FLORIDA BUILDING CODE M.O. MASONRY V.I.F. VERIFY IN FIELD MTL. METAL W/ WITH FIRE RATED MONO. MONOLITHIC W.A. WEDGE ANCHORS O.H.D. HEAD DOOR WATER CLOSET FRENCHOVER DOOR MTL. METAL WC W/ WITH O/C ON CENTER WD. DOOR WOOD FINISHED O.H.D. OVER HEAD WC WATER CLOSET FLOOR O/C ON CENTER WD. WOOD

114


NAIOP | Itinerary Detailed Property Information

2018 Broward County Bus Tour Project Name Bayview Corporate Tower Project Address 6451 N. Federal Hwy City / Zip Fort Lauderdale 33308 Building Information Owner / Developer Bridge Investment Group Type (office, Warehouse, etc.) Office

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

Renovated 2018 1974 1 412,520 SF 12 Approximately 33,000 SF 4/1000 2,500 SF Approximate 50,000 SF 63,422 SF Base Rent: $18.50-$19.00 NNN / OpEx: $9.88

Owner / Developer Type (Land for Sale, Build-to-Suit) Total Acres 8.26 acres Zoning B-1 Site Size Price

Contact Information

Contact Company Address Phone e-mail

Additional Information

Cushman & Wakefield 515 E Las Olas Blvd, Suite 900, Fort Lauderdale, FL 33301 (954) 377-0494 Chase.kulp@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: alba.garcia@naiopsfl.org

115


New Ownership NAIOP | NAIOP Itinerary |Detailed MarketProperty ResearchInformation

6451 North Federal Highway | Fort Lauderdale, Florida

bayviewcorptower.com

116


NAIOP | Itinerary Detailed Property Information

PRIME FORT LAUDERDALE LOCATION

NEW TENANT AMENITIES CENTER

Modern Cafe & Tenant Lounge

117

Conference Facilities


PROPERTY FEATURES • • • •

• • • • • •

New Ownership 4,000 SF - 60,000 SF available NEWLY RENOVATED lobby, common areas and exterior NEW Tenant Amenities Center: • Conference Facility • Fitness Center • Modern Cafe and Lounge Ample covered parking On-site professional management On-site cafe and lobby attendant Walking distance to abundant retail amenities and restaurants Panoramic views of the ocean and intracoastal waterway Minutes to I-95

NAIOP | NAIOP Itinerary |Detailed MarketProperty ResearchInformation

nce es

OFFICE SPACE FOR LEASE

State-of-the-Art Fitness Center

118


LOCATION

This highly visible and distinctive landmark is located along North Federal Highway, also known as US 1, which is one of the most well-traveled and commerce-friendly corridors in the eastern U.S. BayView is also accessible to the entire region by way of I-95, Florida’s Turnpike, I-595 and is minutes from Fort Lauderdale/Hollywood International Airport.

NE 68th St

Ct NE 62 nd NE 62nd St

IMPERIAL POINT

¤ £ 1

NE 56th St

NE

54t

NE 55th St hS t

CORAL RIDGE ISLES NE 51st St

V U

CORAL HILLS

870

NE 49th St

NE 45th St

For more information, please contact:

CHASE KULP Associate +1 954 377 0494 chase.kulp@cushwake.com

515 East Las Olas Boulevard, Suite 900 | Fort Lauderdale, Florida 33301 ©2018 Cushman & Wakefield. All rights reserved. The information contained in this communication is strictly confidential. This information has been obtained from sources believed to be reliable but has not been verified. NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE CONDITION OF THE PROPERTY (OR PROPERTIES) REFERENCED HEREIN OR AS TO THE ACCURACY OR 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). ANY PROJECTIONS, OPINIONS OR ESTIMATES ARE SUBJECT TO UNCERTAINTY AND DO NOT SIGNIFY CURRENT OR FUTURE PROPERTY PERFORMANCE.

cushwakesouthfl.com |

@CushWakeSouthFL

SEA RANCH LAKES

Ca yug a Rd

Imper ial Point Dr

bayviewcorptower.com

119

N Compas s Dr

E Prospect Rd

DEANNA LOBINSKY Executive Director +1 954 377 0489 deanna.lobinsky@cushwake.com

A1A

SE 13th Ct HIGH RIDGE ESTATESSE 14th St

Bayview Dr

NE 11th Ave

NE 1st Ter

NW 3rd Ave

NW 5th Ave

HERE, Esri

SE 15th St

V U

SE 12th St

NORTH ANDREWS GARDENS

BRENTWOOD ESTATES

NW 10th Ave

0.8 km

0

N Andrews Ave

NW 10th Ter

0.5 mi

CYPRESS HARBOR

Sea Gra pe Dr

NW 12th Ave

845

NE 6th Ave

V U

POMPANO ISLES

NE 25th Ave

1:36,100 0

NW 15th Ave

NE 58th St NE 57th Ct

SANTA BARBARA SHORES

Atlantic Ocean

a Dr

E Cypress Creek Rd

e

El Ma r Dr

95

Av

Bo ug ain vill

¨ ¦ §

W Cypress Creek Rd

h

LAUDERDALE-BY-THE-SEA

El Ma r Dr

w

7t

W Trad ewin ds Ave

re

A

SE

Bayview Dr

nd

s

NE 14th Ave

NW 12th Ave

A

N

NW 62nd St

SE 5th Ave SE 5th Ter

SW 15th St

ve

CYPRESS ISLES ESTATES

NE 22nd Ave

SW 13th Ct

SW 15th St

W McN ab Rd

NW 64th St

SW 2nd Ave

SW 14th St

811

Co ral Rid ge Isl es Dr

Dr

V U

NE 12th Ter

re

SW 9th Ave

Dr

V U 845

Ai

ss Be nd

lm

S Cyp re

Pa

S Cypress Rd

Palm Aire Country Club-Palms Course

SE 5th Ct

NE 18th Ave

Isle Casino Racing-Pompano Park

S

GARDEN ISLES

SW 12th Ave

NAIOP | Itinerary Detailed Property Information

BayView Corporate Tower rests in the heart of the Fort Lauderdale submarket of Florida’s Broward County, one of the state’s most thriving communities.


______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________

NAIOP | NAIOP Itinerary |Detailed MarketProperty ResearchInformation

NOTES

______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ 120


NAIOP | Itinerary Detailed Property Information

2018 Broward County Bus Tour Project Name Copans Business Park 1731 Project Address 1731 West Copans Road City / Zip Pompano Beach / 33064 Building Information Owner / Developer Duke Realty Type (office, Warehouse, etc.) Warehouse

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

Under Construction 4Q 2018 2019 2019 1 100,661SF 1 N/A .77/1000 25,000 SF 100,661 SF 100,661 SF $7.95 psf NNN; $2.65 psf CAM

Owner / Developer Type (Land for Sale, Build-to-Suit) Total Acres 4.96 Zoning Site Size Price

Contact Information Stephanie Rodriguez Contact Company Address Phone e-mail

Additional Information

Duke Realty Corporation 2400 N. Commerce Pkwy # 405 – Weston, FL 33326 954-453-5671 Stephanie.rodriguez@dukerealty.com

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

121


COPANS BUSINESS PARK 1731 1731 West Copans Road, Pompano Beach, FL 33064

• Front-load building • 150' (d) • 32’ clear height • 110' (d) truck court • 60' concrete apron • ESFR fire suppression system • Hurricane-impact glass • ½ mile west of Interstate 95 • Frontage on West Copans Road

NAIOP | NAIOP Itinerary |Detailed MarketProperty ResearchInformation

• 100,661 square feet

122


COPANS BUSINESS PARK 1731

NAIOP | Itinerary Detailed Property Information

1731 West Copans Road, Pompano Beach, FL 33064

123


COPANS BUSINESS PARK

Pompano Beach, FL

845

Powerline Road

1731

1551

1521

1501

845

North Andrews Avenue Extension

W Copans Road

95

dukerealty.com

NAIOP | NAIOP Itinerary |Detailed MarketProperty ResearchInformation

1571

124


NAIOP | Itinerary Detailed Property Information

2018 Broward County Bus Tour Project Name Pompano Business Center II Project Address 3001 W. Copans Road City / Zip Pompano Beach, FL 33069 Building Information Owner / Developer IDI Logistics Type (office, Warehouse, etc.) Distribution/Warehouse

Status (New, Completed, Renovated) Year Build / Completion Date Number of Buildings Building Size (s) Number of Floors Clear Height 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

Under construction 2019 2019 1 133,814 SF 1 32’ 133,814 SF 92 auto parking/38 trailer parking 133,814 SF 133,814 SF 133,814 SF

IDI Logistics Distribution/Warehouse 11.43 AC I-1 11.43 acres N/A

Contact Company Chris Metzger, Cushman & Wakefield Address 225 NE Mizner Blvd, Suite 300

Boca Raton, FL 33432 Phone 954-415-9155 e-mail Chris.metzger@cushwake.com Immediate access to Florida’s Turnpike with I-95 and the Sawgrass Expressway just minutes away. This location allows for easy and cost-efficient distribution to the Tri-County area.

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: alba.garcia@naiopsfl.org

125


POMPANO BUSINESS CENTER II 133,814 SF - UNDER CONSTRUCTION Copans Road Pompano Beach, Florida United States

NAIOP | NAIOP Itinerary |Detailed MarketProperty ResearchInformation

OVERVIEW Pompano Business Center offers excellent infrastructure, a landscaped setting, and wide range of amenities. Located just minutes from Fort Lauderdale and centrally located between Palm Beach and Miami, Pompano Business Center allows for easy distribution to major population centers in south and central Florida.

SPECIFICATIONS Total Space: Total Space Available: Clear Height: Auto Parking: Trailer Parking: Dock Doors: Drive-in Doors: Truck Court:

133,814 SF (12,432 SQ M) 133,814 SF (12,432 SQ M) 32' 92 spaces 38 spaces 38 - 9' x 10' 2 - 12' x 14' 130'/185'

Christopher Metzger Cushman + Wakefield 954.938.2608 chris.metzger@cushwake.com

CONTACT

Bob Stephens IDI Logistics Cincinnati +1.859.663.2884 robert.stephens@idilogistics.com

Rick Etner Cushman + Wakefield 954.938.2607 rick.etner@cushwake.com Matthew G. McAllister Cushman + Wakefield 954.771.0800 matthew.mcallister@cushwake.com

126


NAIOP | Itinerary Detailed Property Information

POMPANO BUSINESS CENTER II 133,814 SF - UNDER CONSTRUCTION

127

Copans Road Pompano Beach, Florida United States


______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________

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NAIOP | Itinerary Detailed Property Information

2018 Broward County Bus Tour Project Name Rock Lake Business Center Project Address 3100-3250 NW 33rd Street City / Zip Pompano Beach, FL 33069

Building Information

Owner / Developer IDI Logistics Type (office, Warehouse, etc.) Distribution/Warehouse

Status (New, Completed, Renovated) Year Build / Completion Date Number of Buildings Building Size (s) Number of Floors Clear Height 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

New Projected Completion 2019 Projected Completion 2019 4 88,286 SF, 119,222 SF, 135,962 SF, 150,955 SF 1 32’ 88,286 SF, 119,222 SF, 135,962 SF, 150,955 SF 1:1,000 20,000 SF 500,000 SF 500,000 SF

IDI Logistics Distribution/Warehouse 35.35 AC I-1 35.35 acres N/A

Contact Company Chris Metzger, Cushman & Wakefield Address 225 NE Mizner Blvd, Suite 300 Boca Raton, FL 33432 Phone 954-415-9155 e-mail Chris.metzger@cushwake.com Immediate access to Florida’s Turnpike with I-95 and the Sawgrass Expressway just minutes away. This location allows for easy and cost-efficient distribution to the Tri-County area. Current park plan can accommodate up to 4 buildings with a total of 500,000 SF or will consider a build to suit.

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: alba.garcia@naiopsfl.org

129


ROCK LAKE BUSINESS CENTER BUILD-TO-SUIT SITES 33rd Street Pompano Beach, Florida United States

NAIOP | NAIOP Itinerary |Detailed MarketProperty ResearchInformation

OVERVIEW Rock Lake Business Center is a 35.350-acre industrial park with total planned development of 500,000 square feet. The current park plan can accommodate up to four buildings ranging between 88,000 and 150,000 square feet. The park is located just off of Florida's Turnpike in Pompano, a desirable location and logistics hub in Broward County.

BENEFITS • Close proximity to Interstates 95, 595 and Florida's Turnpike • Approximately 15 minutes from Fort Lauderdale International Airport • Broward County location allows for easy distribution to major population centers in south and central Florida

Christopher Metzger Cushman + Wakefield 954.938.2608 chris.metzger@cushwake.com

CONTACT

Bob Stephens IDI Logistics Cincinnati +1.859.663.2884 robert.stephens@idilogistics.com

Rick Etner Cushman + Wakefield 954.938.2607 rick.etner@cushwake.com Matthew G. McAllister Cushman + Wakefield 954.771.0800 matthew.mcallister@cushwake.com

130


NAIOP | Itinerary Detailed Property Information

2018 Broward County Bus Tour Project Name Pompano Center of Commerce II Project Address 1550-1650 NW 18th Street City / Zip Pompano Beach, FL 33069 Building Information Owner / Developer Pompano Industrial Venture, LLC Type (office, Warehouse, etc.) Warehouse/Distribution

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

New 2018 2018 4 61,958 SF - 133,260 SF 1 1:1000 17,280 SF 85,523 SF 376,642 SF $8.50 NNN / $2.75/SF

Owner / Developer Pompano Industrial Venture, LLC Type (Land for Sale, Build-to-Suit) Total Acres 26.2 AC Zoning O-IP/PCD Site Size Price

Contact Information

Contact Company Chris Metzger, Cushman & Wakefield Address 225 NE Mizner Blvd, Suite 300

Boca Raton, FL 33432 Phone 954-415-9155 e-mail Chris.metzger@cushwake.com Pompano Center of Commerce II is one of the best distribution locations in southeast Florida as it is geographically centrally located in the middle of the Tri-County area with immediate access to I-95, Florida’s Turnpike, and the Sawgrass Expressway.

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: alba.garcia@naiopsfl.org

131


1550-1650 NW 18th Street, Pompano Beach, Florida

NAIOP | NAIOP Itinerary |Detailed MarketProperty ResearchInformation

POMPANO CENTER OF COMMERCE II 318,062 SF AVAILABLE FOR LEASE IMMEDIATE OCCUPANCY

132


NAIOP | Itinerary Detailed Property Information

N

NW 15th Ave.

LOCATION HIGHLIGHTS • Geographically central to the Tri-County area of Miami-Dade, Broward and Palm Beach Counties • Pompano Beach is a very businessfriendly city with an active economic development board • Immediate access to I-95 and Florida’s Turnpike

PROPERTY HIGHLIGHTS • 32’ clear ceiling height (Bldg. 6 - 24’) • ESFR sprinkler system • T-5 lighting • 4 dock high doors per bay • 4000 PSI floor load • 2Q18 Occupancy • Will build-to-suit

133


AVAILABLE FOR LEASE 1550-1650 NW 18th Street, Pompano Beach, Florida

1550 NW 18th Street LEASED 16,339 SF

LEASE PENDING 14,640 SF

LEASED 9,760 SF

AVAILABLE 21,219 SF

61,958 total SF

 120’ building depth  154 parking spaces LEASE RATE

$9.50 NNN $2.75 OPEX

BUILDING 7 1600 NW 18th Street LEASE PENDING 26,605 SF

AVAILABLE 34,817 SF

LEASE PENDING 26,099 SF

LEASED 35,323 SF

 122,844 total SF  160’ building depth  127 parking spaces LEASE RATE

$8.50 NNN $2.75 OPEX

BUILDING 8 1650 NW 18th Street LEASED 28,787 SF

LEASED 18,950 SF

AVAILABLE 56,736 SF

LEASED 28,787 SF

NAIOP | NAIOP Itinerary |Detailed MarketProperty ResearchInformation

BUILDING 6

 133,260 total SF  174’ building depth  149 parking spaces LEASE RATE

$8.50 NNN $2.75 OPEX

134


NAIOP | Itinerary Detailed Property Information

2018 Broward County Bus Tour Project Name Hillsboro Technology Center Project Address 220 Hillsboro Technology Drive City / Zip Deerfield Beach/33441 Building Information Owner / Developer Butters/Bristol Group Type (office, Warehouse, etc.) Office

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

New 2017 Office completed December 2017 1 87,068 SF 2 43,534 SF 4/1000 2,040 RSF 8,701 RSF 8,701 $18.95-$21.95 NNN + $7.89 OPEX Butters/Bristol Group Office and Industrial Park Entire site is 75 +/- acres Business park zoning Entire park is 75+/- acres

Contact Information

Skylar Butters Contact Company 6810 Lyons Technology Circle, Suite 100, Coconut Creek FL Address 954 464 0402 Phone Sky@Butters.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: alba.garcia@naiopsfl.org

135


2018 Broward County Bus Tour

Owner / Developer Butters/Bristol Group Type (office, Warehouse, etc.) Industrial

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

New 2016 / 2017 December 2017 2 – C and D 107,500 SF / 151,905 SF 1 1/1000 15,000 SF / 28,000 SF 107,500 SF / 151,905 SF 0 $9.50 nnn / $8.50 nnn - $2.60 OPEX Butters/Bristol Group Office and Industrial Park Entire site is 75 +/- acres Business park zoning PID – City of Deerfield Beach Entire park is 75+/- acres Thomas J Viscount and Thomas J Hotz 6810 Lyons Technology Circle, Suite 100, Coconut Creek FL 954 464 0402 tviscount@butters.com / tom@butters.com

NAIOP | NAIOP Itinerary |Detailed MarketProperty ResearchInformation

Project Name Hillsboro Technology Center Project Address 350 / 400 Hillsboro Technology Drive City / Zip Deerfield Beach/33441 Building Information

25’-5” and 31’-6”average Clear Height 135 and 190 depths 175’ Truck courts ESFR fire suppression

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

136


NAIOP | Itinerary Detailed Property Information

2018 Broward County Bus Tour Project Name Hillsboro Technology Center Project Address 500 / 550 Hillsboro Technology Drive City / Zip Deerfield Beach/33441 Building Information Owner / Developer Butters/Bristol Group Type (office, Warehouse, etc.) Industrial

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

New 2018 December 2018 2 – E and F 123,290 SF / 151,870 SF 1 1/1000 16,800 SF / 18,500 SF 123,900 SF / 151,870 SF 25,290 SF / 151,870 SF $8.75 nnn / $8.50 nnn - $2.60 OPEX Butters/Bristol Group Office and Industrial Park Entire site is 75 +/- acres PID – City of Deerfield Beach Entire park is 75+/- acres Thomas J Viscount and Thomas J Hotz 6810 Lyons Technology Circle, Suite 100, Coconut Creek FL 954 464 0402 tviscount@butters.com / tom@butters.com 32’-6” and 34-6”average Clear Height 150 and 180 depths 175’ Truck courts ESFR fire suppression

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

137


NAIOP | NAIOP Itinerary |Detailed MarketProperty ResearchInformation

138


139

NAIOP | Itinerary Detailed Property Information

㈀Ⰰ 㐀  刀匀䘀ⴀ 㠀Ⰰ㜀 ㄀ 刀匀䘀


______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________ ______________________________________________________________________________________________

NAIOP | NAIOP Itinerary |Detailed MarketProperty ResearchInformation

NOTES

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NAIOP | Itinerary Detailed Property Information

2018 Broward County Bus Tour Project Name Prologis Seneca Park Project Address 3375 SW 24th Street City / Zip Pembroke Park, FL 33023 Building Information Owner / Developer Prologis Type (office, Warehouse, etc.) Warehouse

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

Completed 2008 1 261,457 SF 1 +/- 130,000 SF 261,457 SF 261,457 SF

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

Barbara Mantecon 450 E. Las Olas Boulevard, Suite 880, Ft. Lauderdale, FL 954-316-1777 Bmantecon@prologis.com 7,431 SF office, 30’ clear height, 60 dock high doors, 3 drivein ramps, Available immediately.

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

141


130,728-261,457 SF Industrial Space For Lease

3375 SW 24th Street Pembroke Park, Florida 33023 USA

LOCATION • Located in the heart of Southeast Broward County • Immediate access to I-95 with close proximity to I-595, Florida’s Turnpike, I-75, and the Sawgrass Expressway • Conveniently located roughly equidistant to Fort Lauderdale/Hollywood International Airport and Miami International Airport, as well as, to Port Everglades and PortMiami FACILITY • 261,457 SF – total building size • Full building available • 7,431 SF – office • Divisible into two suites: +/-130,728 SF each • 30’ clear height • 50’ x 50’ typical column spacing • 60 dock high doors • 3 drive-in doors • Forklift charging area in warehouse • ESFR sprinkler system • 346 total parking stalls

NAIOP | NAIOP Itinerary |Detailed MarketProperty ResearchInformation

Prologis Seneca Park

www.prologis.com

142


130,728-261,457 SF

NAIOP | Itinerary Detailed Property Information

Industrial Space For Lease

Cushman & Wakefield

Prologis

Christopher J. Metzger, SIOR chris.metzger@cushwake.com ph +1 954 771 0800 cell +1 954 415 9155 225 NE Mizner Boulevard Suite 300 Boca Raton, FL 33432 USA

Barbara Mantecon bmantecon@prologis.com ph +1 954 316 1777 cell +1 305 793 9369 450 E. Las Olas Boulevard Suite 880 Fort Lauderdale, FL 33301 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.

143

www.prologis.com


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NAIOP | NAIOP Itinerary |Detailed MarketProperty ResearchInformation

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145

NAIOP | Itinerary Detailed Property Information


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NAIOP | NAIOP Itinerary |Detailed MarketProperty ResearchInformation

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147

NAIOP | Itinerary Detailed Property Information


NAIOP | NAIOP Itinerary |Detailed MarketProperty ResearchInformation

148


NAIOP | Itinerary Detailed Property Information

Miramar-NAIOP-Superbowl-8.5X11v2.qxp_Layout 1 9/6/18 5:41 PM Page 1

Sunbeam Properties & Development • 954.450.7900 149


Miramar-NAIOP-HeroCard-8.5X11v2.qxp_Layout 1 9/7/18 10:49 AM Page 1

Two Buildings MPC-25A +/-56,000 SF MPC-25B +/-48,000 SF

STATS

5:1000 Parking 14’ Clear Height Street-Level Divisible Spaces 100% Office Space

HIGHLIGHTS

Deliverable within 12 months MPC-25B with mounted building signage facing the Florida Turnpike

NAIOP | NAIOP Itinerary |Detailed MarketProperty ResearchInformation

MPC-25

Sunbeam Properties & Development • 954.450.7900 150


151

48,604

23,145

AVAILABLE SF

MPC-25B

MPC-30

SECOND GENERATION

368

0 0

4,669

5,003

6,518

6,600

7,301

7,325

8,636

9,715

11,818

51,863

eHDL

TOPSVILLE

ALFRED PUBLISHING

ROCKSOLID

HYTERA-SOUTH

RED HAWK

KABA

UNITED TRANSACTIONS

HOTWIRE

10,287 21,794 16,962 28,563

12,627

22,664

24,200

34,471

Neoptx

C Callenberg

RTA

0

1,605

0

1,304

0

0

UBoxes

DISTRIBUTION

CONVEY

2,000

4,503

PATTERSON POPE

1,939

4,046

1,261

WAREHOUSE SF

YES

YES

YES

DIVISIBLE

3Z

FLEX/OFFICE

56,494

AVAILABLE SF

MPC-25A

FLEX / OFFICE

NEW CONSTRUCTION

5,908

7,238

870

2,340

51,863

11,818

9,715

8,268

5,325

5,696

6,600

5,214

5,003

4,669

2,564

2,785

OFFICE

5,323

5,477

6,624

SF

SMALLEST SIZE BAY (SF)

17%

30% %

4%

19%

100%

100%

100%

96%

73%

78%

100%

80%

100%

100%

57%

69%

% OFFICE

100%

100%

100%

% OFFICE

Lease Type

LEASE RATE (PSF)

$9.25

$ $9.25

TBD

$10.25

$14.50

$13.00

$13.95

$13.95

$11.25

$11.25

$13.00

$12.50

$13.95

$13.00

$10.25

Gross

G Gross

Gross

Gross

Net

Net

Net

Net

Net

Net

Net

Net

Net

Net

Net

Net

Net

$15.00

$11.00

Net

Net

14'

14'

14'

CLEAR HT

Dock High

Dock High

Dock High

Dock High

Dock High

Dock High

Dock High

Street Level

Dock High

Dock High

Dock High

Dock High

Dock High

Street Level

Dock High

Dock High

24'

24'

24'

24'

18'

18'

24'

14'

18'

18'

18'

18'

18'

14'

18'

18'

DOCK HIGH or STREET LEVEL CLEAR HT

Streel Level

Streel Level

Streel Level

DOCK HIGH or LEASE TYPE STREET LEVEL

TBD

TBD

LEASE RATE (PSF)

Rates and Availabilities - SEPTEMBER 2018

South Florida's Largest Locally Owned and Managed Business 

PARK OF COMMERCE

MIRAMAR

IMMEDIATE

MAY, 2019**

MARCH, 2019*

IMMEDIATE

JUNE, 2019

IMMEDIATE

IMMEDIATE

IMMEDIATE

IMMEDIATE

DECEMBER, 2018

IMMEDIATE

IMMEDIATE

IMMEDIATE

IMMEDIATE

IMMEDIATE

IMMEDIATE

DATE AVAILABLE

UPON BUILD-OUT

UPON BUILD-OUT

UPON BUILD-OUT

DATE AVAILABLE

For information call: Lauren Pace or Maridee Bell (954) 450-7900

*Space can be made available sooner

Turnpike Frontage, End Unit, A/C Warehouse, T-5 Lighting, Building Mounted Signage

Includes +/-2,856 / SF S A/C /C Warehouse, End Unit

5:1000 Parking Included, More parking can be provided

3.2:1000 Parking, Can combine with Topsville

921 SF Work Room, 5.1:1000 Parking, End Unit

3

3

1

2 4.0:1000 Parking Included, 5.5:1000 Available, End Unit

2

4:1000 Parking, More parking can be provided

1

4.0:1000 Parking, End Unit, More parking can be provided

3.3:1000 Parking

3.8:1000 Parking, More parking can be provided, Possible reduction to 6,102 square feet

4.0:1000 Parking Included, More parking can be provided, Can combine with Hotwire

Miramar Parkway Frontage, 3.9:1000 Parking, Building Mounted Signage,

2.4:1000 Parking, End Unit

2.5:1000 Parking

COMMENTS

Miramar Parkway Frontage, 5:1000 Parking Included, 6.8:1000 Available, Building Mounted Signage

5:1000 Parking Included, More parking can be provided, Building Mounted Signage facing Turnpike available

COMBINATIONS

info@sunbeamproperties.com

5:1000 Parking Included, More parking can be provided

COMMENTS

NAIOP | Itinerary Detailed Property Information


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153

NAIOP | Professional Service Ad


NAIOP | Professional Service Ad

154


NOTES ______________________________________________________________________________________________

NAIOP | Professional Service Ad

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UPCOMING EVENTS 10/4/18 - NAIOP Signature Speaker Series... with Richard Florida 5:00 PM - 7:15 PM Location: The W Hotel Fort Lauderdale 10/25/18 - 10/26/18 Public Affairs Summit 2018 - Pensacola, FL 10/30/18 Miami Dade County Bus Tour 7:30 AM - 5:00 PM 11/29/18 Palm Beach CRE Event 11:00 AM - 3:00 PM Location: Revolutions at CityPlace, West Palm Beach

For tickets and more information log on to www/naiopsfl.org/events


B R I D G I N G C A P I TA L T O R E A L E S TAT E O P P O R T U N I T Y

Bridge Point FLL Logistics Center

Bridge Point Riverbend

174,000 SF Class-A Industrial FT. LAUDERDALE, FL

222,000 SF Q3 2018 Class-A Industrial FT. LAUDERDALE, FL

Bridge Point Commerce Center

Bridge Point Powerline Road

1.1 MSF Q4 2018 Class-A Industrial MIAMI GARDENS, FL

468,000 SF Q3 2018 Class-A Industrial POMPANO BEACH, FL

BRIDGE has acquired and/or developed and sold nearly $3.8 billion of real estate since 2013. Visit bridgedev.com to learn more. Kevin Carroll

Brian Latta

Partner, Southeast Region 305.747.7046 kcarroll@bridgedev.com

Senior Vice President, Development 305.796.5616 blatta@bridgedev.com

M I A M I | C H I C A G O | N E W J E R S E Y | L O S A N G E L E S | S E AT T L E

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