043015 naiop bus tour 03

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2015 NAIOP Bus Tour

Contents

THE COVER Downtown Jacksonville Blue Dog Aerial Photography

Bus Tour Committee Board of Directors and Committee Chairs

2

OFFICE MARKET

3

Jacksonville Office Market Overview

Letter from the President

4

2015 NAIOP Bus Tour Sponsors

5

PROFESSIONAL SERVICES SERVPRO of Westside/Orange Park

6

EverBank Plaza

7

Perimeter Center and Deerwood Center

8

International Management Co.

9

®

INDUSTRIAL MARKET 14

Jacksonville Industrial Market Overview

54

Office Tour Map & Itinerary

18

Industrial Tour Map & Itinerary

58

Lakeside One at Flagler Center

22

The Madison Building

62

Bank of America Office Campus

24

Baymeadows Business Center

64

Midtown Centre Office Park

26

Liberty Business Park

65

Southpoint Business Park

28

Alta Lakes Commerce Center

66

Prominence Office Park

30

NorthPort Logistics Center

68

Lakeside Executive Center

32

SunPort Industrial Park

70

Spring Lake Business Center

34

Westside Industrial Park

72

The Charleston Building

36

Westlake Park

74

The Center Building

38

Cecil Commerce Center

76

8800 Baymeadows Way West

40

Centurion Square

42

Noteworthy Investments and Management

10

San Jose Plaza

44

Barber & Associates Inc.

11

Riverplace Tower

46

Suddath Workplace Solutions

12

Bank of America Tower

48

Wells Fargo Center

50

Suntrust Tower

52

ValleyCrest Landscape Maintenance

13

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2015 NAIOP Bus Tour

COMMITTEE MEMBERS

Thank you for making the 2015 NAIOP Bus Tour a great success

David Hillegas

John “JR” Richardson

Tara Sutton

Kristilee Adler

Chair Cushman & Wakefield

Industrial Advisor Newmark Grubb Phoenix Realty Group

Bus Tour Magazine Newmark Grubb Phoenix Realty Group

Bus Tour Magazine NAI Hallmark Partners

Lisa McLatchey

Preston Phillips

Bobby Gatling

Rebecca Crosby

Sponsorships Colliers International

Bus Captain Colliers International

Bus Captain CBRE

Bus Co-Captain Shaw Contract Group

Joseph Lentz

Julie Bohn

Carmel Buchanan

Wendy Patton

Bus Co-Captain Cantrell Morgan

Bus Co-Captain Cushman & Wakefield

NAIOP Contact NAIOP NEFL

Media Contact Jacksonville Business Journal


2015 NAIOP Bus Tour

2015 NAIOP BOARD | COMMITTEE CHAIRS PRESIDENT

PRESIDENT-ELECT

VP OF PUBLIC AFFAIRS

TREASURER

DEVELOPING LEADERS

Peter Anderson

Christian Harden

Julie Bohn

Dave White

Justin Markley

Pattillo Industrial Real Estate

NAI Hallmark Partners

Cushman & Wakefield

Bank United

Florida Valuation

DIRECTOR-PAST PRES.

DIRECTOR-PAST PRES.

DIRECTOR-AT LARGE SPONSORSHIP

DIRECTOR-AT LARGE POLICY ADVISORY

DIRECTOR-AT LARGE

Wyman Duggan

Traci Jenks

Shari Chaney

Rogers Towers P.A.

Cushman & Wakefield

CSX Real Property

Teresa DurandStuebben

DIRECTOR-AT LARGE

AWARDS

COMMUNITY OUTREACH

BUS TOUR

GOLF TOURNAMENT

Chris Reibling

Marjorie Davis

Sarah Bermudez

David Hillegas

Tony Suttles

Taurus Southern Investments

OE&S

Workscapes

Cushman & Wakefield

Danis Construction

MEMBERSHIP

PROGRAMS

PR/COMMUNICATIONS

CHAPTER ADMINISTRATOR

Auld & White Constructors

Rebecca Crosby

Kirk Wendland

Jennifer Ragsdale

Carmel Buchanan

Shaw Contract Carpet

Stellar

Duval Asphalt

NAIOP - NEFL Chapter

Dan Santinga Lingerfelt CommonWealth Partners

BECOME A MEMBER Members benefit from legislative advocacy, educational seminars and conferences, and networking opportunities with over 300 local industry peers. Join today! www.naiopnefl.com

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4

www.naiopnefl.org

2015 NAIOP Bus Tour

April 30, 2015

Dear NAIOP 2015 Bus Tour Participants, On behalf of the Committee, welcome to the NAIOP of Northeast FL 2015 Bus Tour. Today, we will be visiting some of Jacksonville’s premier Office and Industrial Properties, which will allow you to get a unique overview of the available space in our market. The Tour will underscore the diversity and quality of our commercial real estate market. Each property represents a significant commitment by its ownership in the current and future viability of Jacksonville. The Bus Tour allows professionals involved with real estate on many different levels to see how developers and property owners have positioned themselves to market their properties. We feel certain that by day’s end, you will have a solid overview of the Office and Industrial markets. Your participation in the Tour, as well as that of our sponsors and tour stops, helps raise funds for the various Charities supported by NAIOP of NE Florida, as well as the operation of our chapter. On behalf of NAIOP of NE Florida and these charities, we thank you. This year, our fantastic sponsors have come out in force and have planned giveaways, exciting activities, great food, drinks and the Tour Committee will be raffling plenty of prizes on the buses. So you might even walk away with a little loot! We’re excited that you’re riding with us today and encourage everyone to take full advantage of this time to kick back, network and really enjoy yourself! Sincerely, Peter Anderson President

P.O. Box 10681 Jacksonville, FL 32247

Tel: (904) 730-8075

Fax: (904) 730-8053

naiopnefl@Comcast.net

www.naiopnefl.com


2015 NAIOP Bus Tour

BUS TOUR SPONSORS

Without our sponsors, this event would not have been possible! Start/Post-Tour Cocktail Sponsor

Breakfast Sponsor

Lunch Sponsor

Bus Sponsor

Bus Stop Sponsors

INTERNATIONAL MANAGEMENT CO., LLC

Drive-by Sponsors C-III Capital Partners LLC | Oakmont Industrial Group | Lingerfelt CommonWealth Partners International Management Company | Norfolk Southern

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P ROFE S S IONA L S E RV I C E S

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2015 NAIOP Bus Tour

SERVPRO® of Westside/Orange Park 904-269-9282 Restoration Services: • Fire, Smoke and Soot

• Water Removal and Dehumidification • Mold Mitigation and Remediation • Catastrophic Storm Response • Move Outs and Contents Restoration • Electronics and Equipment • Document Drying • Contents Claim Inventory Service

As a commercial property professional, your clients and tenants rely on you for efficient dayto-day operations of their property. They also depend on you to protect it. SERVPRO® of Westside/Orange Park knows there’s no such thing as a small emergency when it can negatively impact occupant safety, revenue loss and business continuity. Timely and cost effective mitigation is key to minimizing damage, business interruptions and recovery costs. You and those who depend on you will appreciate the rapid response, expertise and training that enables SERVPRO® of Westside/Orange Park to help get your facility back into operation quickly. 

Cleaning Services: • Air Ducts and HVAC • Biohazard, Crime Scene and Vandalism • Carpet, Upholstery, Drapes and Blinds • Ceilings, Walls and Hard Floors • Deodorization

 

A uniformed First Responder will arrive on-site usually within an hour of notification. Quick response time to help ensure the damage is contained and the restoration process begins promptly. Large Loss Services - no fire or water damage is too big. Our team of professionals can handle any size disaster.


2015 NAIOP Bus Tour

7

The Premier Class A Office Building on the Banks of the St. Johns River

501 Riverside Avenue Jacksonville, FL 32202 Property Highlights ›U nparalleled visibility and access to the I-95/I-10 interchange ›A ttached private parking garage ›2 4-hour security guard ›A ccess to St. Johns Riverwalk ›C afe and restaurant coming soon

Available Space

OFFICE

RETAIL - Shell Condition › Suite 100 - ±5,711 SF › Suite 102 - ±2,635 SF › Suite 106 - ±1,600 SF

› Suite 905 - ±2,055 SF › Suite 500 - ±14,121 SF › Suite 501 - ±5,669 SF › Suite 602 - ±1,905 SF

www.naihallmarkpartners.com

Leasing Information Christian Harden, Vice President +1 904 404 4449 ch@naihallmarkpartners.com

› Suite 903 - ±4,673 SF

Megan Shulin, Associate +1 904 404 4453 ms@naihallmarkpartners.com

P R O F E S S IONA L S E RV ICE S

Panoramic views of the St. John’s River, Downtown Jacksonville and historic Riverside


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2015 NAIOP Bus Tour

PERIMETER CENTER

8011, 8021, 8031 PHILIPS HIGHWAY JACKSONVILLE, FL 32256

PROPERTY DETAILS • • • • • • •

P ROFE S S IONA L S E RV I C E S

• • • •

±83,000 SF available Immediate occupancy Turn-key condition Frontage on Philips Highway with easy access to I-95 and Butler Boulevard Located in Deerwood Center Close proximity to area restaurants, banks, and retail Three (3) single story office-flex buildings Zoned IBP 4 / 1,000 parking Doorside parking and private entrances 24/7 Security Patrol

LEASE RATE: $10.00 - $12.00 / SF NNN $2.29 / SF OPEX (Estimate)

www.cbre.com/PerimeterCtr

DEERWOOD CENTER 8540 BAYCENTER ROAD JACKSONVILLE, FL 32256

PROPERTY DETAILS • • • • • • • • • • •

±30,028 SF available (divisible) Immediate occupancy Easy access to Philips Highway, I-95 and Butler Boulevard Located in Deerwood Center Close proximity to area restaurants, banks, and retail Single tenant design Zoned IBP 70 parking spaces 2.48 acres Doorside parking 24/7 Security Patrol

SALE PRICE: $1,800,000 LEASE RATE: $10.50 / SF NNN ($2.58 / SF OPEX)

www.cbre.com/8540BaycenterRd FOR MORE INFORMATION PLEASE CONTACT:

Bobby Gatling +1 904 630 6343 bobby.gatling@cbre.com

Gary Marcy

+1 904 630 6347 gary.marcy@cbre.com

CBRE, Inc. | Licensed Real Estate Broker


$12.50/SQ. FT.

4241 Baymeadows Rd. Jacksonville, FL 32217

P R O F E S S IONA L S E RV ICE S

GREAT LOCATION AND HIGH-TRAFFIC AREA Address:

4241 Baymeadows Rd. 4221 Baymeadows Rd. Jacksonville, FL 32217

Pricing:

$12.50 / SQ. FT. Includes water and sewer Includes all CAM fees

Available:

650 SQ. FT. - 2,550 SQ. FT.

Contact:

Joe Saoud joe@imc-jax.com

904.737.8846

8823 San Jose Blvd. Ste. 310 Jacksonville, FL 32217

9

INTERNATIONAL MANAGEMENT COMPANY

NOW LEASING

2015 NAIOP Bus Tour

www.imc-jax.com

support@imc-jax.com

Notice of Disclaimer: Details herein are believed to be correct; the information is subject to errors, omissions, price changes or withdrawal without notice.


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2015 NAIOP Bus Tour

FIND IT HERE

NOW LEASING AT PRE-RENOVATION PRICING! Starting at $12/SQ. FT. NNN

P ROFE S S IONA L S E RV I C E S

BEFORE

AFTER

6843 St. Augustine Rd. and 6826 Old Kings Rd. South Jacksonville, FL 32217

904.945.8899 Mary F. Farwell

Licensed Real Estate Broker

COMPLETE INTERIOR/EXTERIOR RENOVATION! Operating Expenses estimated at $3.00/SQ. FT.

Fax: 904.992.9959

Email: landlady54@bellsouth.net mary@notethisproperty.com

www.notethisproperty.com

P.O. Box 50888 Jacksonville Beach, FL 32240

Unit #6843-1

1,353 SQ. FT.

Unit #6849

4,575 SQ. FT. 870 SQ. FT. 1,760 SQ. FT.

Anchor position / Can be divided 870 Sq. Ft. 920 Sq. Ft.

Unit #6857-9

1,969 SQ. FT.

(Cafe or restaurant)

Unit #6826

1,200 SQ. FT.

(Drive-thru location on Old Kings)

Zoning: CN Join other retailers! Dry cleaning drop, tavern, alterations at this great neighborhod retail center.

Notice of Disclaimer: Details herein are believed to be correct; the information is subject to errors, omissions, price changes or withdrawal without notice.


2015 NAIOP Bus Tour

11

P R O F E S S IONA L S E RV ICE S

Repair Restore Reroof

BarberJax.com SheetMetalJax.com

904.744.4067


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2015 NAIOP Bus Tour

Project PROFILE

Daymon Worldwide

Location Jacksonville, FL

Key Services • Space and furniture planning • Remanufactured office furniture • New office furniture and equipment

Suddath solves business relocation challenges

• Furniture and equipment delivery and installation

save time and money with turnkey Solutions

• Office moving

P ROFE S S IONA L S E RV I C E S

®

• Technology relocation

The Challenge

the facts

When Daymon Worldwide, one of the world’s largest private branding companies, needed to furnish and relocate its regional headquarters in Jacksonville, a lot of decisions needed to be made in a very short period of time. With only 90 days to plan and carry out a complete office relocation, Daymon needed a partner that could turn on a dime and provide both the office furniture and relocation services under one roof in a very tight timeframe.

$250,000

$100,391

60% or $149,488

50%

®

Besides the tremendous cost of buying all new office furniture, the aggressive timeline did not allow the additional six to eight week lead time that major office furniture brands require. Originally there was an option to utilize used furniture from a Daymon office in another state, but the cost of relocating it was significant and there wasn’t a sufficient amount of furniture for the entire project. In addition, there were just too many compromises that would need to be made from a design and usability standpoint. Daymon had a complicated challenge and the clock was ticking.

potential cost of purchasing new furniture

savings on office furniture

actual cost of the office furniture solution provided by Suddath

reduction in furniture lead time with Suddath

Project Goal: COMPLETELY FURNISH AND RELOCATE CORPORATE HEADQUARTERS IN 90 DAYS.

The Solution Enter Suddath Workplace Solutions. After a thorough needs assessment, Suddath provided a professional office layout and a comprehensive furniture solution that would meet the aggressive timeline and create a workplace that maximized the use of space with modern, professional furnishings that were in sync with the overall space design for the new regional headquarters. Because Suddath provides comprehensive furniture solutions, we were able to offer high-quality, custom designed, remanufactured Herman Miller cubicles. This was complimented by new executive office furniture as well as expertly refinished, pre-owned conference and reception area furnishings. ®

Contact Taylor Calfee at 904.240.7696 I tcalfee@suddath.com

Setting the Standard for Moving the World

®

Client Testimonial “Suddath proved to be our full solutions provider. The experience and knowledge of the team was very valuable to us during the entire process. They listened and understood our needs and provided solutions to meet our aggressive timeline.” -Senior Director, Daymon Worldwide

suddathworkplace.com


2015 NAIOP Bus Tour

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WE’RE LOOKING FOR SOME HIGH MAINTENANCE CUSTOMERS.

P R O F E S S IONA L S E RV ICE S

FROM FIRE ANTS TO HURRICANES, THE VALLEYCREST TEAM IN FLORIDA IS WELL-VERSED IN THE UNIQUE NEEDS OF OUR LOCAL LANDSCAPES. YOUR GOALS ARE OUR GOALS Many large, well-known properties in Jacksonville trust their valuable landscape assets to ValleyCrest. They know we deliver the visual impact that sets them apart and a higher level of performance that ensures their complete satisfaction every day. We’ll help you make the most out of your budget while keeping your property looking its best. Our tailored approach means we listen to your needs and then develop a customized plan with your goals in mind. LOCATIONS THROUGHOUT FLORIDA We are the only team in Florida with the resources to mobilize quickly and respond when emergencies such as hurricanes happen. You’ll have the peace of mind knowing that your property will be taken care of so it will be clean, safe and operational again. When you want service, quality, and the proven expertise of a local, dedicated team, ValleyCrest is the right choice. Exterior Landscape Maintenance | Cost Reduction Strategies Irrigation & Water Management | Seasonal Color Design & Installation Fertilization, Weed & Pest Management | Tree Care Services Property Improvements | Sustainability Options | Emergency Response Plans

www.valleycrest.com

Call your local ValleyCrest team in Jacksonville for the expert care and professionalism you demand and your property deserves.


OF FI CE MA RK E T

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2015 NAIOP Bus Tour

n Arlington - 1 n Baker County - 2 n Beaches - 3 n Butler/Baymeadows - 4 n Downtown Northbank - 5 n Downtown Southbank - 6 n Mandarin - 7 n Nassau County - 8 n Northeast Jacksonville - 9 n Northwest Jacksonville - 10 n Orange Park/Clay County - 11 n Riverside -12 n San Marco - 13 n Southside - 14 n St. Johns County - 15


2015 NAIOP Bus Tour

15

Jacksonville Office Market Overview The Jacksonville office market ended first quarter of 2015 with positive net absorption of 138,103 square feet and vacancy rate of 11.4%. Jacksonville’s total office vacancy stands at 7,044,403 square feet with 155,189 square feet of that offered as sublet space. One new building was delivered during first quarter with 24,041 square feet entering the market for the first time, and 214,552 square feet of new space under construction. The Class-A projects in Jacksonville reported a vacancy rate of 11.2% at the end of first quarter, up from the 10.8% reported at the end of fourth quarter. This rate is reflected in the 1,876,953 square feet of vacant Class-A office space including 36,936 square feet of vacant sublease space. Net absorption was negative (53,447) square feet in first quarter, compared to positive 71,612 square feet in the fourth quarter. The average quoted rate within the Class-A sector was $20.50 per square foot. During the quarter 24,041 square feet of Class-A office space was delivered with an additional 210,000 square feet under construction.

The Class-A office sector consisted of 16,686,511 square feet in 94 projects. There were 1,709 Class-B buildings totaling 30,698,338 square feet, and the Class-C sector consisted of 14,500,768 square feet in 2,570 buildings. Within the Office market there were 188 owner-occupied buildings accounting for 7,986,636 square feet of office space. Major Sales Transactions Include: ›1 35 W. Bay St. - 696,672 SF - Sold for $88,000,000 ›5 011 Gate Pkwy. - 248,000 SF - Sold for $33,300,000 Major Lease Transactions Include: ›N elson Mullins - 13,698 SF at 50 N. Laura St. ›P ricewaterhouse Coopers - 13,106 SF at 76 S. Laura St. ›R iverside Spine & Pain Physicians - 8,458 SF at 6195 Lake Gray Blvd. Major Deliveries Include: ›7 741 Point Meadows Dr., a 2-story, 24,041 SF building in the Butler/Baymeadows market. Major Construction Include: ›1 5255 Max Leggett Pkwy., a 6-story, 210,000 SF building in the Northeast Jacksonville market. ›1 500 3rd St., a 1-story, 4,552 SF building in the Beaches market.

Vacancy Rate by Class ■ Class A

19%

■ Class B

■ Class C

■ Total Market

18%

Vacancy Rate

17% 16% 15% 14% 13% 12% 11% 10%

2010 2Q

3Q

4Q

2011 1Q

2Q

3Q

4Q

2012 1Q

2Q

3Q

4Q

2013 1Q

2Q

3Q

4Q

2014 1Q

2Q

3Q

4Q

2015 1Q

OFFICE MA RK E T

Jacksonville’s Class-B office recorded positive 164,590 square feet of net absorption in first quarter. As a result, the vacancy rate was down from 12.4% at the end of fourth quarter to 11.8%. There was 3,636,576 square feet of vacant Class-B office space in the market, of that 115,028 square feet was sublease space. Net absorption was positive 164,590 square feet in first quarter, compared to positive 164,742 square feet in the

fourth quarter. The average quoted rate within the Class-B sector was $17.43 per square foot. During the quarter, there were no new Class-B office projects delivered, while 4,552 square feet remain under construction.


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2015 NAIOP Bus Tour

Class A, B & C Market Statistics EXISTING INVENTORY TOTAL RBA

DIRECT SF

TOTAL SF

VAC %

YTD NET ABSORPTION

YTD DELIVERIES

UNDER CONST SF

QUOTED RATES

197

1,504,582

146,335

150,138

10.0

(8,178)

0

0

$14.92

30

110,281

3,294

3,294

3.0

2,061

0

0

$0.00

Beaches

358

3,019,731

159,625

159,625

5.3

2,250

0

4,552

$24.68

Butler/Baymeadows

259

9,844,375

1,666,614 1,731,650

17.6

(17,641)

24,041

0

$17.94

Downtown Northbank

343

13,023,558

1,881,423 1,904,912

14.6

71,442

0

0

$19.02

Downtown Southbank

139

3,026,052

260,290

260,290

8.6

8,776

0

0

$19.96

Mandarin

259

2,453,025

201,082

201,082

8.2

30,076

0

0

$15.70

Nassau County

228

1,141,093

89,201

89,201

7.8

3,758

0

0

$19.93

Northeast Jacksonville

65

500,993

82,642

82,642

16.5

2,900

0

210,000

$11.70

Northwest Jacksonville

176

1,170,281

56,064

56,064

4.8

11,291

0

0

$14.00

Orange Park/Clay County

364

2,752,691

345,990

347,990

12.6

(1,012)

0

0

$20.31

Riverside

590

2,864,331

274,934

274,934

9.6

(52,485)

0

0

$16.98

San Marco

244

1,957,577

258,041

259,291

13.2

27,087

0

0

$15.77

Southside

697

15,532,860

1,212,845 1,272,456

8.2

53,384

0

0

$16.60

St. Johns County

424

2,984,187

250,834

8.4

4,394

0

0

$19.03

4,373

61,885,617

6,889,214 7,044,403

11.38

138,103

24,041

214,552

$17.96

Arlington Baker County

Total

250,834

Historical Deliveries ■ Deliveries

3.0 2.6

2.5

■ Average Delivered SF 2.6

2.5

2.4

2.0

1.8

1.9

1.8

1.3

1.2

1.0

1.6

1.1 1.1 1.0

0.9

0.9

0.8

0.8

0.7

0.5 0.3

0.2 0.1

0.0

2014

0.0

2012 2013

2009

2008

2007

2006

2005

2004

2003

2002

2000 2001

1999

1998

1997

1996

1995

1994

1993

1992

1991

1990

1989

1988

1987

1986

1985

1984

1983

1982

2010

0.1

0.0

2015

0.4

2011

0.5

0.0

1.7 1.4

1.4

1.4

1.9 1.8

1.8

1.6

1.5

1981

Millions of SF

OF FI CE MA RK E T

VACANCY

# BLDGS

MARKET

* Future year deliveries are calculated from properties currently under construction


2015 NAIOP Bus Tour

Absorption & Deliveries

Sales Analysis by Size

Based on Direct and Sublet Vacant Space

Based on Sales From First Quarter 2014 to Fourth Quarter 2014

■ Net Absorption

1,000

■ Deliveries

Thousands of SF

800

#

RBA

< 50,000 SF

48

415,861

50,000 SF -

600

249,999 SF

400

250,000 SF -

200

499,999 SF

0

> 500,000 SF

(200) (400)

BUILDING SIZE

2012 2013

4Q

1Q

2014

2Q

3Q

4Q

1Q

$ VOLUME

PRICE/SF

17

CAP RATE

$63,010,688 $151.52 8.04%

8 1,211,624 $123,650,000 $102.05 8.78% 1

425,223

$29,000,000

$68.20 8.97%

1

696,672

$88,000,000 $126.31 4.89%

2015

2Q

3Q

4Q

1Q

Recent Deliveries by Size Year-to-Date Development Based on RBA of Project

Rental Rates & Vacancy Based on Full-Service Equivalent Rental Rates ■ Rental Rate

$18.20

TOTAL RBA

SINGLE-TENANT

MULTI-TENANT

< 50,000 SF

431

8,510,048

665,647

7,844,401

112

7,704,351

867,919

6,836,432

72

11,480,320

672,619

10,807,701

12

3,593,713

645,000

2,948,713

5

3,729,039

-

3,729,039

50,000 SF -

■ Vacancy

99,999 SF

13.5%

$18.00

100,000 SF 2499,999 SF

$17.60

12.5%

250,000 SF -

$17.40

12%

$17.20 $17.00

11.5%

$16.80

11%

$16.60

499,999 SF > 500,000 SF

10.5%

$16.40 $16.20

Vacancy Rate

13%

$17.80

Rental Rate

BLDGS

‘12 ‘13

‘14

‘15

Contiguous Blocks of Space

10%

4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

First Quarter 2015 Availabilities MARKET

10 & UP

20 & UP

30 & UP

40 & UP

50 & UP

Arlington

0

0

0

0

0

Beaches

4

0

0

0

0

Butler/Baymeadows

70

46

17

11

4

Downtown Northbank

60

14

8

0

0

Downtown Southbank

4

1

1

0

0

Mandarin

5

1

0

0

0

Northeast Jacksonville

4

0

0

0

0

Northwest Jacksonville

0

0

0

0

0

Orange Park/Clay County

8

3

0

0

0

$40

Riverside

3

0

0

0

0

$20

San Marco

8

3

1

1

1

$0

Southside

47

11

4

3

3

2

1

0

0

0

Sales Volume & Price $180 $160 $140 $120 $100 $80 $60 $40 $20 $0

■ Sales Volume

■ Price/SF

$140 $120 $100 $80 $60

2012

2013

2014

3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

Price/SF

Millions of Sales Volume Dollars

Based on Office Building Sales of 15,000 SF and Larger

St. Johns County

OFFICE MA RK E T

BUILDING SIZE


OF FI CE MA RK E T

18

2015 NAIOP Bus Tour


2015 NAIOP Bus Tour

1

Lakeside One at Flagler Center

Bank of America Office Campus

2

Midtown Centre Office Park

3

12724 Gran Bay Parkway West Jacksonville, FL 32258

9000 Southside Boulevard Jacksonville, FL 32256

4151 Woodcock Drive - 2700 Building Jacksonville, FL 32207

CONTACT:

CONTACT:

CONTACT:

Ross Carrier Gary Cox 904.565.4100 904.565.4100

Chuck Diebel 904.861.1112

4

Southpoint Business Park

5

Robert Selton 904.861.1111

Prominence Office Park

John Fish 904.396.9092

6

Lakeside Executive Center

8900 Freedom Commerce Parkway Jacksonville, FL 32256

7901 Baymeadows Way Jacksonville, FL 32256

CONTACT:

CONTACT:

CONTACT:

7

Jesse Shimp 904.356.0052

Spring Lake Business Center

8647 Baypine Road Jacksonville, FL 32256 CONTACT:

Scott Henley, Ross Crabtree & Jim Sebesta 904.399.5222

Kaycee Gardner 904.356.0050

8

Jesse Shimp 904.356.0052

The Charleston Building

Bob Retherford David Hillegas 904.380.8342 904.380.8343

9

The Center Building

7749 Bayberry Road Jacksonville, FL 32256

7825 Baymeadows Way West Jacksonville, FL 32258

CONTACT:

CONTACT:

Bob Retherford David Hillegas 904.380.8342 904.380.8343

Eric Ramirez 904.633.2604

OFFICE MA RK E T

6805 Southpoint Parkway Jacksonville, FL 32216 Kaycee Gardner 904.356.0050

19


20

2015 NAIOP Bus Tour

10

11

Centurion Square

12

San Jose Plaza

8800 Baymeadows Way West Jacksonville, FL 32256

8380 Baymeadows Road Jacksonville, FL 32256

8789 San Jose Boulevard Jacksonville, FL 32217

CONTACT:

CONTACT:

CONTACT:

Victor Hughes 904.665.1707

Bob Retherford David Hillegas 904.380.8342 904.380.8343

Bob Retherford David Hillegas 904.380.8342 904.380.8343

13

OF FI CE MA RK E T

8800 Baymeadows Way West

16

Riverplace Tower

14

Bank of America Tower

15

Wells Fargo Center

1301 Riverplace Boulevard Jacksonville, FL 32207

50 N. Laura Street Jacksonville, FL 32202

1 Independent Drive Jacksonville, FL 32202

CONTACT:

CONTACT:

CONTACT:

Kaycee Gardner 904.356.0050 Jesse Shimp 904.356.0052

Lou Nutter 904.630.6341 Billy Kuntz 904.630.6350

Michael K. Loftin 904.353.9003

SunTrust Tower

17

Lakeside One at Flagler Center

76 S. Laura Street Jacksonville, FL 32202

CONTACT:

Traci Jenks, CCIM 904.380.8333

12721 Gran Bay Parkway West Jacksonville, FL 32258 CONTACT:

Ross Carrier Gary Cox 904.565.4100 904.565.4100


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Notes _____________________________________________________________________________________________________________________________________ _____________________________________________________________________________________________________________________________________ _____________________________________________________________________________________________________________________________________ _____________________________________________________________________________________________________________________________________ _____________________________________________________________________________________________________________________________________ _____________________________________________________________________________________________________________________________________ _____________________________________________________________________________________________________________________________________ _____________________________________________________________________________________________________________________________________ _____________________________________________________________________________________________________________________________________ _____________________________________________________________________________________________________________________________________ _____________________________________________________________________________________________________________________________________ _____________________________________________________________________________________________________________________________________

_____________________________________________________________________________________________________________________________________ _____________________________________________________________________________________________________________________________________ _____________________________________________________________________________________________________________________________________ _____________________________________________________________________________________________________________________________________ _____________________________________________________________________________________________________________________________________ _____________________________________________________________________________________________________________________________________ _____________________________________________________________________________________________________________________________________ _____________________________________________________________________________________________________________________________________ _____________________________________________________________________________________________________________________________________ _____________________________________________________________________________________________________________________________________ _____________________________________________________________________________________________________________________________________

OFFICE MA RK E T

_____________________________________________________________________________________________________________________________________


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2015 NAIOP Bus Tour

LAKESIDE ONE AND TWO AT FLAGLER CENTER

1

12724 & 12740 Gran Bay Parkway, Jacksonville, FL 32258

OF FI CE MA RK E T

Lakeside One 4,122 SF to 14,844 SF Lakeside Two 1,172 SF to 29,624 SF

Strategically located within South Jacksonville's most highly sought-after business park, Lakeside One and Two at Flagler Center are four-story, Class-A of f ice buildings that provide a sophisticated business setting featuring high-quality f inishes and ample parking (5/1,000). With easy access to I-95 via Flagler Center's own interchange and close proximity to world-class amenities and roof tops, both Lakeside One and Two are ideal choices for corporate of f ice locations. Lakeside One and Two are owned by one of Florida's most trusted commercial real estate companies, Crocker Partners.

www.flaglercenter.info

Owned by:


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FLAGLER CENTER • 1,022-acre Class-A business park that features 2 million square feet of commercial space • Home to Baptist Medical Center South, Florida State College of Jacksonville and Citicorp's 600,000-square-foot credit card division Lakeside One & Two

• Park provides an excellent balance of work space and amenities including a variety of restaurants, daycare facilities and YMCA • Attentive, on-site property management staf f

LOCATION ADVANTAGES OFFICE MA RK E T

• Immediate access to I-95 via custom-designed interchange • Convenient access to major roadways including I-295, 9B and US1 of f ering employees quicker commute times • Convenient to public transportation • In close proximity to roof tops and amenities

1

FOR MORE INFORMATION, CONTACT:

Ross Carrier

Gary Cox

904.565.4100 Ross.Carrier@f laglerdev.com

904.565.4100 Gary.Cox@f laglerdev.com

www.flaglercenter.info


24

2015 NAIOP Bus Tour

9000

OFFICE SPACE

SOUTHSIDE BLVD

FOR LEASE BANK OF AMERICA

OFFICE CAMPUS >> Large blocks of Class A Office Space >> Convenient Access to I-95 and I-295

Southside Blvd

OF FI CE MA RK E T

2

>> Excellent Campus Amenities

Baymeadows Rd BoA Office Campus

ps

illi

Ph y

Hw


9000 SOUTHSIDE BOULEVARD

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25

BUILDING 700 BUILDING 100

BANK OF AMERICA OFFICE CAMPUS

CAMPUS ENTRANCE

PROPERTY AMENITIES >> Large blocks of Class A Office Space in the Butler/Baymeadows submarket

FITNESS CENTER

>> Amenities include: Access to fitness center, café, training & conference center, day care on campus, next to the Avenues Mall

OFFICE MA RK E T

>> Ideal for full floor or larger tenants Building 100: 10 Story - 259,744± SF Available (Entire Building) Building 700: 5 Story - 122,296± SF Available (Entire Building)

CAFÉ

>> Opportunities for building parapet and monument signage 2

>> Backup diesel generator in place Building 100: Life Safety Only Building 700: Full Building >> Excellent access to I-95 and I-295 >> Lease Rate: $20.50/SF Full Service

For more information, please contact: CHUCK DIEBEL,CCIM +904 358 1206 | EXT 1112 chuck.diebel@colliers.com

ROBERT SELTON, III +904 358 1206 | EXT 1111 robert.selton@colliers.com

Colliers International | Northeast Florida 50 N Laura Street, Suite 1725 Jacksonville, FL 32202

CONFERENCE/ TRAINING CENTER


OF FI CE MA RK E T

3

26

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OFFICE MA RK E T 3


2015 NAIOP Bus Tour

OF FI CE MA RK E T

4

28

FOR MORE INFORMATION, PLEASE CONTACT Kaycee Gardner Vice President +1 904 356 0050 kaycee.gardner@am.jll.com

Jesse Shimp Vice President +1 904 356 0052 jesse.shimp@am.jll.com

Lic. Real Estate Brokers Disclaimer. Although information has been obtained from sources deemed reliable, Owner, Jones Lang LaSalle, and/or their representatives, brokers or agents make no guarantees as to the accuracy of the information contained herein, and offer the Property without express or implied warranties of any kind. The Property may be withdrawn without notice. Š2015. Jones Lang LaSalle. All rights reserved.


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Suburban office space for lease

6805 Southpoint Parkway Jacksonville, FL 32216

OFFICE MA RK E T

PROPERTY HIGHLIGHTS

Downtown Jax

6805 Southpoint Pkwy

ns R

iver

• Perfect for back office type operations • Dual redundancy • Great, above market parking ratio • Located in Jacksonville’s premier suburban market • Close to the St. Johns Town Center • Close proximity to JTB & I-95 • Workstations in place

95

• Generator pad site 1

• 40,000 to 118,000 s.f. available • Exposed ceilings provide industrial or creative feel

4

• 2 Samsung 9800 Series A UPS systems in place

oh St. J


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OF FI CE MA RK E T

5

30

JACKSONVILLE, FLORIDA

N E W O W N E R S H I P. N E W V I S I O N . FOR M O R E I NFORMAT ION, P LE A SE CO N TACT

Kaycee Gardner Vice President +1 904 356 0050 kaycee.gardner@am.jll.com

Jesse Shimp Vice President +1 904 356 0052 jesse.shimp@am.jll.com

Lic. Real Estate Brokers Disclaimer. Although information has been obtained from sources deemed reliable, Owner, Jones Lang LaSalle, and/or their representatives, brokers or agents make no guarantees as to the accuracy of the information contained herein, and offer the Property without express or implied warranties of any kind. The Property may be withdrawn without notice. Š2015. Jones Lang LaSalle. All rights reserved.


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N E W O W N E R S H I P. N E W V I S I O N .

PROMINENCE 500 Space available from 1,400 s.f. to 104,553 s.f.

PROMINENCE 200 Space available from 40,000 s.f. to 160,000 s.f.

PROMINENCE 600 Space available from 1,439 s.f. to 23,431 s.f.

PROMINENCE 300 Space available from 15,000 s.f. to 62,297 s.f.

PROMINENCE 700 Space available from 20,192 s.f.

PROMINENCE 400 Space available from 12,500 s.f.

5

PROMINENCE 100 Space available from 14,000 s.f. to 53,918 s.f.

OFFICE MA RK E T

Prominence is a 7 building office park located at the southwest corner of Baymeadows Road and I-95 in Jacksonville, Florida. The 54-acre property consists of 7 buildings totaling 752,000 square feet of office space with visibility from I-95. Prominence is home to Jacksonville’s most notable tenants such as Voya, Strayer University, InComm, and NGA Human Resources Office spaces available can accommodate companies from 2,000 s.f. to more than 200,000 s.f., in a park-like setting with lush landscaping and abundant free parking.


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2015 NAIOP Bus Tour

LAKESIDE EXECUTIVE CENTER 7901/7933 BAYMEADOWS WAY 8641 BAYPINE RD.

DEERWOOD CENTER OFFICE PARK

OFFICE SPACE FOR LEASE

6

PROPERTY FEATURES • Located in Deerwood Center Office Park in the heart of Baymeadows • Three, one-story campus-style buildings • Flexible floor plans

OF FI CE MA RK E T

• Door side parking with private entrances • Full service lease with electric and janitorial provided • Private restrooms in most suites • 24/7 Security Patrol • Easy access to I95, JTB and Philips Hwy. • Multiple phone/data providers in place BUILDING FEATURES TOTAL SQUARE FEET

45,593 sf

LEASE RATE

Starting at $15.90 psf Full Service

PARKING

4.2/1,000 sf

TERM

1-5 years

For more information, please contact: BOB RETHERFORD Senior Director Direct: (904) 380 8342 Cell: (904) 759 4587 bob.retherford@cushwake.com

DAVID HILLEGAS Associate Direct: (904) 380 8343 Cell: (904) 608 5854 david.hillegas@cushwake.com

CUSHMAN & WAKEFIELD OF FLORIDA, INC. 121 West Forsyth St. Suite 900 Jacksonville, FL 32202 www.cushmanwakefield.com

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


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AROUND TOWN

Brooklyn is home to more than 7,000 employees at companies including Fidelity National Financial, Florida Blue, EverBank and Black Knight Financial.

OFFICE MA RK E T

Tapestry Park is located at the intersection of Southside Boulevard and Gate Parkway with boutique shops, office space, popular eateries and retail services.


2015 NAIOP Bus Tour

OF FI CE MA RK E T

7

34

Spring Lake Business Center is an eight-building corporate

commercial areas. Spring Lake’s central location, with

campus offering professional office space in a natural

multiple ingress/egress routes and congestion-free access

setting. The center has an inviting campus atmosphere where

to I-95, JTB & Philips Highway makes this premier property

modern conveniences blend into the surroundings, including

one of the most easily accessible parks in Jacksonville. No

walking paths & a spring-fed lake with overlooking decks.

other office park can compare in value and curb-appeal. Add

While it feels miles away from other office developments,

“move-in” ready suites to the long list of amenities and you

Spring Lake Business Center is close to all of Jacksonville’s

have found the perfect location for your business.


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35

St John’s Town Center

202

Butler Blvd

OFFICE MA RK E T

wy

sH

ilip

Ph

8647-8663 Baypine Rd

Southside Blvd

1

Baymeadows Rd 7

w INCENTIVE PACKAGE: free rent, aggressive lease rates, turnkey buildout + broker incentives w Spacious offices with lake views, remodeled lobbies and conference center w Finished suites ready for occupancy w Responsive on-site property management

w Immediate access to I-95, JTB and Philips Hwy w Conveniently located to downtown, the beach, public transportation, restaurants, hotels and shopping w Roaming security in Deerwood Center w Winner of BOMA “Suburban Office Park of the Year”

904.399.5222

Scott Henley ⋅ Ross Crabtree ⋅ Jim Sebesta www.phoenixrealty.net


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2015 NAIOP Bus Tour

CAMBRIDGE EAST 8173 Baymeadows Way West

PROPERTY FEATURES

• • • • • • • •

Up to 70,000 SF Available Floor plates of 17,500 SF Four-story, Class “A” Building Flexible core plan, design to suit Fiber optics with built-in redundancy Insulated, tinted, high-performance windows Lakeside setting with walking trails On site maintenance and management

SPACE FEATURES • • • •

17,500 SF floor plates Flexible floor plan, design to suit Zoned energy management system Flexible HVAC system

8

BUILDING FEATURES TOTAL SQUARE FEET

OF FI CE MA RK E T

OFFERING RATE

For more information, please contact: BOB RETHERFORD Senior Director O: (904) 380 8342 C: (904) 759 4587 bob.retherford@cushwake.com

BUDDY REGISTER Senior Director O: (904) 380 8341 C: (904) 759 4542 buddy.register@cushwake.com

DAVID HILLEGAS Associate O: (904) 380 8343 C: (904) 608 5854 david.hillegas@cushwake.com

Up to 70,000 sf $21.50 psf Full Service

PARKING

7:1000 sf

ZONING

IBP


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37

DEERWOOD CENTER LEXINGTON BUILDING

7750-1 Bayberry Rd. PROPERTY FEATURES

• Free-standing, single-story building in Deerwood Center in Baymeadows submarket • Easy access to Philips Hwy., JTB and I-95 • Completely remodeled, including restrooms and large break area • Open floor plan • Independent HVAC and electric • Beautiful tree-lined setting with outdoor seating • 24/7 Security patrol • Adjacent 57,000 SF warehouse space available if needed

BUILDING FEATURES TOTAL SQUARE FEET

9,362 sf

YEAR BUILT PARKING

5.7:1000 sf

ZONING

IBP-2

7749 Bayberry Rd. PROPERTY FEATURES

• Located in Deerwood North with easy access to Philips Hwy., JTB and I-95 • Private front and rear entrances • 24/7 Security • On site management and maintenance • Large break room • Large IT/Data Room

8

BUILDING FEATURES TOTAL AVAILABLE PARKING

TRUCK DOORS ZONING

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

Office: Warehouse:

6,760 sf 20,040 sf

272 Total spaces; 4/1,000

CEILING HEIGHT

OFFICE MA RK E T

CHARLESTON BUILDING

1987

22’ 4 dock high Zoned IBP

CUSHMAN & WAKEFIELD OF FLORIDA, INC. 121 West Forsyth St., Suite 900 Jacksonville, FL 32202 (904) 731-9500 www.Cushwake.com


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2015 NAIOP Bus Tour

THE

CENTER BUILDING

FOR LEASE

7825 BAYMEADOWS WAY | JACKSONVILLE, FLORIDA

BROKER INCENTIVES 9

• $100 Gift Card to Bring a Prospect to the Building • $1.00/SF Bonus on Any Deal Done Through June, 2015 • All Commissions & Bonus Commissions Will be Paid to Broker Within 10 Days of Execution of a Lease

OF FI CE MA RK E T

F E AT U R E S

Suburban 3‑story office campus, 833‑36,375 SF available

Beautiful lake & park setting

Elegant lobby includes marble floors & high ceilings with polished wood finishes

Energy efficient, cost saving Silver LEED® pre‑certified design

24‑hour electronic security controlled access

Landscaped central courtyard with gazebo & fountain

Abundant free parking

On‑site deli & mail center

Access to I‑95 & US1

LEED CERTIFIED

GREEN BUILDING

CERTIFICATION SYSTEM

F O R M O R E I N F O R M AT I O N P L E A S E C O N TA C T

Eric Ramirez Vice President +1 904 633 2604 eric.ramirez@cbre.com CBRE, Inc. | Licensed Real Estate Broker

www.cbre.com/centerbuilding


2015 NAIOP Bus Tour

FOR LEASE

39

THE

CENTER BUILDING

7825 BAYMEADOWS WAY | JACKSONVILLE, FLORIDA

FLOOR PLAN ENTIRE 2ND FLOOR 36,375 SF

OFFICE MA RK E T 9

FOR MORE I N F O R M AT I O N PLEASE C O N TA C T

Eric Ramirez

P R O F E S S I O N A L LY M A N A G E D B Y:

Vice President +1 904 633 2604 eric.ramirez@cbre.com

The Allen Morris Company +1 904 733 1000 www.allenmorris.com

CBRE, Inc. | Licensed Real Estate Broker 225 Water Street | Suite 110 | Jacksonville, Florida | www.cbre.com/jacksonville Š 2015 CBRE, Inc. Licensed Real Estate Broker. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. CBRE and the CBRE logo are service marks of CBRE, Inc. and/

or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.


OF FI CE MA RK E T

10

40

2015 NAIOP Bus Tour

Located in Jacksonville’s Deerwood Center, 8800 Baymeadows Way West is a five-story Class A leasing opportunity. The asset is equipped with dual electric feeds from the Jacksonville Electric Authority and includes two 1500 KW generators. With preferred proximity to Interstate 95, 8800 Baymeadows Way West is only minutes from downtown Jacksonville, JAX International Airport and surrounding residential communities.

Availabilties range from 5,000 - 161,000 square feet.

For further information, please contact: Victor Hughes I Parkway Realty Services I 904.665.1707


2015 NAIOP Bus Tour

S PACE AVA I L A B I L I TI E S

Five (5)

PARKING

Up to 8 : 1,000 potential 6-story garage and surface parking

SUITE 100

11,000 square feet

SIGNAGE

Building signage available facing I-95

SECOND FLOOR

40,948 square feet

GREEN INITIATIVES

8800 BMW is Energy Star certified and consistently maintains monthly scores of 79 or greater

THIRD FLOOR

50,918 square feet

ELECTRICAL

4000 amp main service

FOURTH FLOOR

49,905 square feet

EMERGENCY GENERATOR

Two (2) 1500KW Caterpillar powered generators with two (2) 6,000 fuel storage tanks

LOADING DOCK

Two (2) bay covered loading docks with two (2) hydraulic lifts

SUITE 500

OFFICE MA RK E T

STORIES

6,000 square feet

UP TO 5 0,000 RSF

10

T YPICAL FLOOR PLATE *not to scale

For further information, please contact: Victor Hughes I Parkway Realty Services I 904.665.1707

41


42

2015 NAIOP Bus Tour

CENTURION SQUARE 8380/8382/8384/8386 BAYMEADOWS RD.

OF FI CE MA RK E T

11

OFFICE/RETAIL FOR LEASE

PRIME COMMERCIAL CORNER

PROPERTY FEATURES • • • •

Prime Commercial corner on Baymeadows Rd. and Philips Hwy. Easy access and close proximity to I-95, Butler Blvd., and 9A Ample parking Monument signs on Baymeadows Rd. and Philips Hwy. with tenant identification

SPACE FEATURES • • • • •

Both office and retail space available Custom designed offices Door side parking with private entrances Private restrooms Exterior signage BUILDING FEATURES TOTAL SQUARE FEET

72,644 sf

LEASE RATE

$10.00-$13.00 psf NNN

CAM

$3.78 psf (2015 estimate)

ZONING

CCG-2

For more information, please contact: BOB RETHERFORD Senior Director Direct: (904) 380 8342 Cell: (904) 759 4587 bob.retherford@cushwake.com

DAVID HILLEGAS Associate Direct: (904) 380 8343 Cell: (904) 608 5854 david.hillegas@cushwake.com

CUSHMAN & WAKEFIELD OF FLORIDA, INC. 121 West Forsyth St. Suite 900 Jacksonville, FL 32202 www.cushmanwakefield.com

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


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43

AROUND TOWN

1,100 businesses, three Fortune 500 headquarters, several major company headquarters and more than 48,000 employees. SOURCE: Downtown Vision Inc.

OFFICE MA RK E T

Downtown is home to 7.3 million square feet of office space (7 percent of the office space in the region), more than


44

2015 NAIOP Bus Tour

SAN JOSE PLAZA 8789 SAN JOSE BLVD. OFFICE/RETAIL FOR LEASE

OF FI CE MA RK E T

12

14,605 SF

For more information, please contact: BOB RETHERFORD Senior Director O: (904) 380 8342 C: (904) 759 4587 bob.retherford@cushwake.com

BUDDY REGISTER Senior Director O: (904) 380 8341 C: (904) 759 4542 buddy.register@cushwake.com

DAVID HILLEGAS Associate O: (904) 380 8343 C: (904) 608 5854 david.hillegas@cushwake.com


2015 NAIOP Bus Tour

45

BUILD-TO-SUIT PROPERTY FEATURES

• Easily accessible location on San Jose Blvd., just one block north of Baymeadows Rd. • Zoned PUD, to include office, service businesses, medical/dental, light retail etc. • Building and monument signage available

SPACE FEATURES

• Newly renovated Suites from 3,000 SF to Full Building • Custom built floor plans available • Ample door side parking

BUILDING FEATURES TOTAL SQUARE FEET AVAILABILITY OFFERING RATE ZONING

14,605 sf 3,000 SF to Full Building $16.00 psf Modified Gross (Tenant pays electric)

PUD

OFFICE MA RK E T

Building Plan

12

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

CUSHMAN & WAKEFIELD OF FLORIDA, INC. 121 West Forsyth St., Suite 900 Jacksonville, FL 32202 (904) 731-9500 www.Cushwake.com


2015 NAIOP Bus Tour

OF FI CE MA RK E T

13

46

1301 Riverplace Boulevard, Jacksonville, Florida Southbank’s premiere Class A office space


2015 NAIOP Bus Tour

47

A prestigious business address on the St. Johns River The 28-story Riverplace Tower offers 420,000 square feet of Class A

restaurants to shopping and business services. In addition to also being

office space, completely renovated in 2010 with advanced systems,

exceptionally convenient to the Northbank business district, San Marco

contemporary fixtures and sophisticated interior design. Home to

and suburban markets, North Florida’s major roadways – Interstate 95,

Jacksonville companies of all sizes – from small businesses to corporate

Interstate 10 and US 1 – are minutes away, allowing convenient access

headquarters, Riverplace Tower offers flexible floor plans designed to

to all points throughout the region. The building is also home to the

complement any office setting. Its location on the St. Johns River and

exclusive, up-scale University Club, which offers dining, meeting and

in the heart of the Southbank puts your customers and employees

banquet space and state-of-the-art health club facilities.

within short walking distance of all types of amenities from hotels and

Property amenities • 428,000 s.f. Class A office building • Spaces available from 374 s.f. to 90,000 s.f. • Commanding views of the St. Johns River and Downtown Jacksonville • Management on site • Located in the heart of the Southbank

• Café • 24/7 building access • 24-hour security • Fitness center • Abundant covered and surface parking • Private dining club

• Easy freeway access • Bank services • Close proximity to hotels, downtown, MOSH, restaurants and residential • Childcare facility

OFFICE MA RK E T 13

FOR MORE INFORMATION, PLEASE CONTACT

Kaycee Gardner Vice President +1 904 356 0050 kaycee.gardner@am.jll.com

Jesse Shimp Vice President +1 904 356 0052 jesse.shimp@am.jll.com

Lic. Real Estate Brokers Disclaimer. Although information has been obtained from sources deemed reliable, Owner, Jones Lang LaSalle, and/or their representatives, brokers or agents make no guarantees as to the accuracy of the information contained herein, and offer the Property without express or implied warranties of any kind. The Property may be withdrawn without notice. ©2015. Jones Lang LaSalle. All rights reserved.


48

2015 NAIOP Bus Tour

class “a” office space available for lease

B a n k

o f

a m e r i c a

5 0

Lau r a

Str e e t

|

Jac kSoN v iL L e ,

OF FI CE MA RK E T

14

N ort h

T o w e r

FOR MORE INFORMATION PLEASE CONTACT:

Lou Nutter

Billy Kuntz

Senior Vice President +1 904 630 6341 Louis.Nutter@cbre.com

Vice President +1 904 630 6350 Billy.Kuntz@cbre.com

CBRE, Inc. | Licensed Real Estate Broker

FOR MORE INFORMATION VISIT:

www.cbre.com/BofA-50NLaura

F L


2015 NAIOP Bus Tour

42

NORTH

WEST

EAST

SOUTH

41

Suite 4200 13,690 rSf

pRopERty FeatureS

Suite 4100 13,698 rSf

40 39 38 37 NORTH - EAST

35

Suite 3635 1,563 rSf

36

::

contiguous Space available: 1,610 - 43,136 rSF

::

excellent location in the heart of Downtown’s Northbank

::

class “a” Building, built in 1990

::

Panoramic views of the St. Johns river and Downtown Jacksonville

::

660,791 total Building rSF

::

42 floors

::

on-site YMca health and Fitness center

::

24-hour security and on-site property management

::

easy access to i-95 & i-10

SOUTH - WEST

Suite 3550 6,415 rSf Suite 3400 12,981 rSf

34 33 32 31

Suite 3000 12,555 rSF

30 29

49

Suite 2950 4,286 rSf

28 27 26 Suite 2550 4,058 rSf

25 24 23 Suite 2250 10,219 rSf

22

Suite 2175 4,708 rSf

21 20 Suite 1900 20,167 rSf

19 18

Suite 1875 12,336 rSf

OFFICE MA RK E T

Bank of America tower

Suite 1750 8,346 rSf

17

Suite 1625 9,442 Sf

16 15

Suite 1500 20,718 rSf

14

Suite 1400 21,692 rSf

12 11 10

Suite 1000 16,710 rSf

Suite 1050 4,758 rSf Suite 900 21,668 rSf

9

14

ParKiNG GaraGe

FOR MORE INFORMATION PLEASE CONTACT:

2-8

Suite 125 2,570 rSf

1 LL

Ymca

Suite 150 1,138 rSF

Lou Nutter

Billy Kuntz

Senior Vice President +1 904 630 6341 Louis.Nutter@cbre.com

Vice President +1 904 630 6350 Billy.Kuntz@cbre.com

CBRE, Inc. | Licensed Real Estate Broker 225 Water Street | Suite 110 | Jacksonville, FL 32202

www.cbre.com/BofA-50NLaura © 2015 cBre, inc. This information has been obtained from sources believed reliable. we have not verified it and make no guarantee, warranty or representation about it. any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. cBre and the cBre logo are service marks of cBre, inc. and/or its affiliated or related companies in the United States and other countries. all other marks displayed on this document are the property of their respective owners.


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2015 NAIOP Bus Tour

LOCATION & OVERVIEW

Jacksonville’s landmark property in the heart of Downtown that dominates the riverfront skyline. WHY DOES MY BUSINESS NEED TO BE DOWNTOWN?  Enterprise and Empowerment Zone incentives only available downtown.  Less traffic congestion downtown than in the suburbs.  High quality of work life with St. Johns River views and cultural offerings of the booming Riverside area, Art Walk, and One Spark.

15

 Walk from your office to any number of retail, dining, social, residential and hospitality amenities.  If you prefer to be downtown, we have efficient available space on the 2nd floor that we’ll aim to match your suburban rates. 2

n d

FLOOR AVAILABILITY

OF FI CE MA RK E T

Suite #

205

RSF

27,889 RSF

W E L L S F A R G O C E N T E R 1 Independent Drive, Jacksonville, Florida

FEATURES & AMENITIES 

24-hour on-site security personnel

On-site amenities include The River Club, a gourmet deli/coffee shop, restaurant, business center, beauty salon, jeweler, Wells Fargo branch banking, and copy center

Covered parking available

Easy access to I-95, I-10 and all downtown bridges

CONTACT: MICHAEL K. LOFTIN 1 Independent Drive, Suite 1850, Jacksonville, FL 32202 p.904.353.9003 | mloftin@banyanstreet.com


2015 NAIOP Bus Tour

2

N D

51

FLOOR SPACE AVAILABLE

SUITE 205 27,889 RSF

W E L L S F A R G O C E N T E R 1 Independent Drive, Jacksonville, Florida

± 648,000 RSF – 37-Story Building AVAILABLE SPACE

Call for current availability.

Wells Fargo Center, overlooking the St. Johns River in downtown Jacksonville with easy access to I-95, I-10 and all downtown bridges, occupies a full City block.

OFFICE MA RK E T

COMMENTS TOTAL BUILDING SIZE

LEASE RATE 15

Call for current rate. PARKING

Ample

MICHAEL K. LOFTIN 904.353.9003 mloftin@banyanstreet.com


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2015 NAIOP Bus Tour

SUNTRUST TOWER 76 S. Laura Street Jacksonville, FL 32202

Class A Office located in the heart of Jacksonville’s Central Business District

OFFICE SPACE FOR LEASE

AMAZING VIEWS & ABUNDANT PARKING!

PROPERTY HIGHLIGHTS

16

• Class A, 23-story office building

with 383,239 RBA • Available spaces range from 1,500 - 160,000 SF

OF FI CE MA RK E T

• Exceptional waterfront views • Walking distance to restaurants and hotels

• 24-hour security • High speed fiber along Laura Street • On-site property management • Efficient floor layouts • Tenant signage available

For more information, please contact: Traci Jenks, CCIM Senior Director • Office Brokerage Services Direct - (904) 380 8333 Mobile - (904) 228 2944 traci.jenks@cushwake.com

Traci’s C&W Profile

Cushman & Wakefield of Florida, Inc. 121 West Forsyth Street Suite 900 Jacksonville, FL 32202 www.cushmanwakefield.com


2015 NAIOP Bus Tour

53

OFFICE SPACE FOR LEASE

AVAILABILITIES SUITES

SIZE (SF)

201

4,683

203

3,975

310

2,621

330

3,153

510

9,814

800

11,727

1310

9,940

1400

11,957

1401

5,540

FLOORS

SIZE (SF) 16,997

6

17,944

7

17,937

14

17,967

15

18,251

16

17,041

22

9,881

OFFICE MA RK E T

4

BEST PARKING DOWNTOWN! 16

• Brand new state of the art design with entry and exit from Bay Street and Hogan Street • Reserved and unreserved parking available • Covered walkway from the tower to the garage • Ample visitor parking • More retail to come!

DOWNTOWN IS ON FIRE!

Suntrust Tower is in the center of it all!


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2015 NAIOP Bus Tour

n Arlington - 1 n Baker County - 2 n Beaches - 3 n Butler Corridor - 4 n Downtown - 5 n Mandarin - 6

I ND US T RI A L M A RK E T

n Nassau County - 7 n Northside - 8 n Northeast - 9 n Oceanway - 10 n Orange Park/Clay County - 11 n Riverside -12 n San Marco - 13 n Southside - 14 n St. Johns County - 15 n Westside - 16


2015 NAIOP Bus Tour

55

Jacksonville Industrial Market Overview The Jacksonville Industrial market ended first quarter of 2015 with positive net absorption of 19,239 square feet and vacancy rate of 8.0%. Jacksonville’s total Industrial vacancy stands at 9,919,809 square feet with 24,784 square feet of that offered as sublet space. One new building was delivered during first quarter with 5,000 square feet entering the market for the first time, and 878,312 square feet of new space under construction.

delivered with an additional 878,312 square feet under construction.

The Flex building sector in Jacksonville reported a vacancy rate of 10.9% at the end of first quarter, down from the 11.1% reported at the end of fourth quarter. This rate is reflected in the 837,598 square feet of vacant Flex Industrial space including 10,164 square feet of vacant sublease space. Net absorption was positive 16,702 square feet in first quarter, compared to negative (42,455) square feet in the fourth quarter. The average quoted rate within the Flex sector was $9.20 per square foot. During the quarter, there were no new Flex Industrial projects delivered or under construction.

Major Sales Transactions Include: ›1 2970 Normandy Blvd. - 510,433 SF - Sold for $57,595,000 ›1 3509 Waterworks St. - 297,579 SF - Sold for $30,645,954 ›9 454 Philips Hwy. - 259,147 SF - Sold for $21,000,000

Jacksonville Warehouse projects reported a vacancy rate of 7.8% at the end of first quarter, from the 7.8% reported at the end of fourth quarter. There was 9,082,211 square feet of vacant Warehouse Industrial space including 14,620 square feet of vacant sublease space. Net absorption was positive 2,537 square feet in first quarter, compared to positive 761,591 square feet in the fourth quarter. The average quoted rate within the Warehouse sector was $3.84 per square foot. During the quarter 5,000 square feet of Warehouse space was

The Flex sector consisted of 7,683,550 square feet in 310 projects and the Warehouse sector consisted of 116,829,084 square feet in 3,639 buildings. Within the total Industrial market there were 426 owner-occupied buildings accounting for 32,714,255 square feet of Industrial space.

Major Lease Transactions Include: ›S hell Gas & Power - 248,200 SF at 1111 Imeson Park Blvd. ›T he Vendito Group - 35,410 SF at 4030 Deerpark Blvd. ›A tlantic Insulation - 7,400 SF at 325 Dennard Ave. Major Deliveries Include: ›5 024 Sunbeam Rd., a 1-story, 5,000 SF building in the Mandarin Ind market. Major Construction Include: ›1 2970 Normandy Blvd., a 1-story, 510,433 SF building in the Riverside market. ›1 3509 Waterworks St., a 1-story, 297,579 SF building in the Riverside market.

Vacancy Rate by Class ■ Flex

18%

■ Warehouse

■ Total Market

IN D US TR IA L M A R KE T

16%

Vacancy Rate

14% 12% 10% 8% 6% 4% 2% 0%

2010 2Q

3Q

4Q

2011 1Q

2Q

3Q

4Q

2012 1Q

2Q

3Q

4Q

2013 1Q 2Q

3Q

4Q

2014 1Q 2Q

3Q

4Q

2015 1Q


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2015 NAIOP Bus Tour

Total Industrial Market Statistics EXISTING INVENTORY

VACANCY

# BLDGS

TOTAL RBA

DIRECT SF

TOTAL SF

VAC %

YTD NET ABSORPTION

YTD DELIVERIES

UNDER CONST SF

QUOTED RATES

Arlington

87

1,098,954

127,744

127,744

11.6

0

0

0

$5.45

Baker County

17

1,308,789

121,046

121,046

9.2

(7,500)

0

0

$3.15

Beaches

157

1,081,288

60,001

60,001

5.5

(3,148)

0

0

$9.47

Butler Corridor

622

20,212,463

1,771,357 1,786,641

8.8

11,470

0

0

$6.12

Downtown

457

11,489,335

568,563

568,563

4.9

(19,684)

0

0

$2.52

Mandarin

103

1,414,591

69,340

69,340

4.9

(10,840)

5,000

0

$6.94

Nassau County

109

3,281,573

222,723

222,723

6.8

28,377

0

0

$3.34

Northside

115

7,129,434

872,710

872,710

12.2

(62,197)

0

0

$3.28

Oceanway

125

12,651,403

2,415,104 2,415,104

19.1

69,750

0

70,300

$3.64

Orange Park/Clay County

205

5,464,865

579,892

579,892

10.6

(7,570)

0

0

$4.29

Riverside

724

17,861,804

385,337

385,337

2.2

4,410

0

808,012

$4.62

San Marco

249

4,392,803

250,339

255,839

5.8

42,920

0

0

$5.64

Southside

119

1,394,112

90,666

90,666

6.5

28,343

0

0

$7.61

St. Johns County

328

5,488,228

423,774

423,774

7.7

(20,889)

0

0

$5.33

Westside

532

30,242,992

1,936,429 1,940,429

6.4

(34,203)

0

0

$3.24

3,949 124,512,634

9,895,025 9,919,809

7.97

19,239

5,000

878,312

$4.18

MARKET

Total

Historical Deliveries ■ Deliveries

6

■ Average Delivered SF 5.6

5 3.9

1.8

2

1.7

1.7

2.2

2.0

2.1

2.0

1.7

1.5

0.9

1

2.3

2.1

2.0

2.8

1.4 0.8

1.2

1.0

1.0

0.3

0.2 0.1 0.1

2011

2010

2008

2009

2007

2006

2005

2004

2003

2002

2001

2000

1999

1998

1997

1996

1995

1994

1993

1992

1991

1990

1989

1988

1987

1986

1985

1984

1983

0.0

1982

0

0.9

0.8

2014

2.2

2.8

2015

2.8 2.5

2013

3

3.2

3.1

2012

3.0

1981

Millions of SF

I ND US T RI A L M A RK E T

4

* Future year deliveries are calculated from properties currently under construction


2015 NAIOP Bus Tour

Absorption & Deliveries

Sales Analysis by Size

Based on Direct and Sublet Vacant Space

Based on Sales From First Quarter 2014 to Fourth Quarter 2014

■ Net Absorption

■ Deliveries

BUILDING SIZE

#

RBA

$ VOLUME

< 25,000 SF

25

372,885

$21,596,924

$57.92 10.03%

16

648,857

$20,982,023

$32.34

7.97%

8 1,131,452

$25,829,187

$22.83

-

3

$56,249,510

$65.97

8.91%

25,000 SF -

Thousands of SF

1,600 1,400 1,200 1,000 800 600 400 200 0 (200) (400)

99,999 SF 100,000 SF 249,999 SF > 250K SF

2012 2013

4Q

1Q

2014

2Q

3Q

4Q

1Q

2015

2Q

3Q

4Q

1Q

852,631

PRICE/SF

Based on Total Number of Tenants 399.9

Services

■ Rental Rate

$4.20

Medical

■ Vacancy

8%

$4.05

6%

$4.00

4%

$3.95 $3.90

2%

$3.85

0%

‘12 ‘13

‘14

‘15

Vacancy Rate

Rental Rate

320.0

Communications 10%

$100

$20 2012

2013

2014

3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

0

50

100 150 200 250 300 350 400 450

30 & UP

40 & UP

50 & UP

Arlington

3

2

1

1

0

Beaches

0

0

0

0

0

Butler Corridor

47

26

19

15

11

Butler/Baymeadows

1

1

1

0

0

Downtown

24

16

9

9

7

Mandarin

2

0

0

0

0

$60

Nassau County

6

4

4

4

4

$50

Northside

24

18

15

10

7

$40

Oceanway

22

19

18

17

15

Orange Park/Clay County

11

7

6

6

5

Riverside

17

9

6

4

2

$10

San Marco

7

3

2

1

1

$0

Southside

3

0

0

0

0

St. Johns County

7

5

3

2

1

Westside

61

44

34

31

25

$20

$40

262.8

20 & UP

$30

$60

Transportation

10 & UP

Price/SF

$80

288.9

IN D US TR IA L M A R KE T

$120

Retailers/Wholesale

MARKET

Based on Office Building Sales of 15,000 SF and Larger ■ Price/SF

289.1

First Quarter 2015 Availabilities

Sales Volume & Price ■ Sales Volume

293.6

Government

Contiguous Blocks of Space

4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

Millions of Sales Volume Dollars

341.2 335.1

Fire

12%

$4.10

$0

352.7

Accountants

$4.15

$140

371.4

Manufacturing

Based on Full-Service Equivalent Rental Rates

CAP RATE

SF per Employee by Industry Law Firms

Rental Rates & Vacancy

57


I ND US T RI A L M A RK E T 58 2015 NAIOP Bus Tour


2015 NAIOP Bus Tour

1

Lakeside One at Flagler Center

2

The Charleston Building

3

The Madison Building

12724 Gran Bay Parkway West Jacksonville, FL 32258

7749 Bayberry Road Jacksonville, FL 32256

7750 Bayberry Road Jacksonville, FL 32256

CONTACT:

CONTACT:

CONTACT:

Ross Carrier Gary Cox 904.565.4100 904.565.4100

Bob Retherford David Hillegas 904.380.8342 904.380.8343

Chris Gazes 904.731.1555

4

Baymeadows Business Center

5

Liberty Business Park

8226 Philips Highway Jacksonville, FL 32256

7022 A.C. Skinner Parkway Jacksonville, FL 32256

CONTACT:

CONTACT:

Buddy Register David Hillegas 904.380.8341 904.380.8343

Dan Santinga 904.281.5450

7

NorthPort Logistics Center

CONTACT:

Dan Stover, Bryan Bartlett & John Richardson 904.399.5222

Janet Smith 904.731.1555

Alta Lakes Commerce Center - Building 3

11070 Cabot Commerce Circle Jacksonville, FL 32226 CONTACT:

John Richardson & Bryan Bartlett 904.399.5222

SunPort Industrial Park

9

Westside Industrial Park

Lem Turner Road at I-295 Jacksonville, FL 32218

4948 Bulls Bay Highway Jacksonville, FL 32219

CONTACT:

CONTACT:

Hobart Joost, Jr. 904.861.1124

Guy Preston 904.861.1125

Peter Anderson 904.695.2452

IN D US TR IA L M A R KE T

11530 New Berlin Road Jacksonville, FL 32226

8

6

59


60

2015 NAIOP Bus Tour

10

Westlake Park

11

Cecil Commerce Center

Lakeside One at Flagler Center

Pritchard Rd Jacksonville, FL 32209

New World Avenue & Waterworks Street Jacksonville, FL 32221

12724 Gran Bay Parkway West Jacksonville, FL 32258

CONTACT:

CONTACT:

CONTACT:

Terry Quarterman 904.630.6342

Ross Carrier Gary Cox 904.565.4100 904.565.4100

Phillip Parsons 904.358.1206

Hobart Joost, Jr. 904.861.1124

GET CONNECTED. JOIN NAIOP. Members benefit from legislative advocacy, educational seminars and conferences, and networking opportunities with over 300 local industry peers.

I ND US T RI A L M A RK E T

12

Take this opportunity to act now and become a member.

www.naiopnefl.com


2015 NAIOP Bus Tour

61

Notes _____________________________________________________________________________________________________________________________________ _____________________________________________________________________________________________________________________________________ _____________________________________________________________________________________________________________________________________ _____________________________________________________________________________________________________________________________________ _____________________________________________________________________________________________________________________________________ _____________________________________________________________________________________________________________________________________ _____________________________________________________________________________________________________________________________________ _____________________________________________________________________________________________________________________________________ _____________________________________________________________________________________________________________________________________ _____________________________________________________________________________________________________________________________________ _____________________________________________________________________________________________________________________________________ _____________________________________________________________________________________________________________________________________ _____________________________________________________________________________________________________________________________________ _____________________________________________________________________________________________________________________________________ _____________________________________________________________________________________________________________________________________ _____________________________________________________________________________________________________________________________________ _____________________________________________________________________________________________________________________________________ _____________________________________________________________________________________________________________________________________

_____________________________________________________________________________________________________________________________________ _____________________________________________________________________________________________________________________________________ _____________________________________________________________________________________________________________________________________ _____________________________________________________________________________________________________________________________________ _____________________________________________________________________________________________________________________________________

IN D US TR IA L M A R KE T

_____________________________________________________________________________________________________________________________________


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2015 NAIOP Bus Tour

  

 

   



  



3



                

I ND US T RI A L M A RK E T



    

    


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IN D US TR IA L M A R KE T

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8226 PHILIPS HWY.

BAYMEADOWS BUSINESS CENTER WAREHOUSE/OFFICE FOR LEASE

EXCELLENT EXPOSURE ON PHILIPS HWY

132,102 sf

PROPERTY FEATURES • Located on Philips Hwy. just one block south of Baymeadows Rd. • Easy access to public transportation and all major highways and intersections • Close proximity to restaurants, hotels, banks and retail – 100,000± Retail development next door – Lowes and Super Walmart within 2 miles • Great signage on Philips Hwy. BUILDING FEATURES 132,102 sf

AVAILABILITY

WAREHOUSE Suite 200B OFFICE Suite 250 Suite 103

PARKING

2/1,000 SF

ZONING

Industrial Light (IL)

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TOTAL SQUARE FEET

14,500 sf 5,800 sf 8,981 sf

For more information, please contact: BOB RETHERFORD Senior Director Direct: (904) 380 8342 Cell: (904) 759 4587 Bob.Retherford@cushwake.com

BUDDY REGISTER Senior Director Direct: (904) 380 8341 Cell: (904) 759 4542 Buddy.Register@cushwake.com

DAVID HILLEGAS Associate Direct: (904) 380 8343 Cell: (904) 608 5854 David.Hillegas@cushwake.com

CUSHMAN & WAKEFIELD OF FLORIDA, INC. 121 West Forsyth St. Suite 900 Jacksonville, FL 32202 www.cushmanwakefield.com

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


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Industrial/Flex Liberty Business Park 7022 A.C. Skinner Parkway Jacksonville, FL 32256 88,200 Sq. Ft. Liberty Business Park’s convenient Southpoint location, with close proximity to I-95, JTB and Philips Highway, makes this premier property one of the most easily accessible parks in Jacksonville. 

Available August 1, 2015

Can be demised 9,700 SF—88,200 SF

Approximately 8,500 total SF of office

Parking ratio of 1.8/1,000

Ceiling Height 24’

Column Spacing 40’ x 40’

Building Depth 120’ - 140’

13 Dock doors, 1 with half ramp

8 Pedestrian doors

HVAC: (1) 2-Ton, (2) 3-Ton, (2) 5-Ton and (1) 10-Ton

Electrical: 2000 AMP Main/480 3-Phase

60 HP Fire Pump

For more information, please contact Dan Santinga at 904/281-5450 ● dsantinga@lingerfeltco.com Lingerfelt CommonWealth Partners, LLC

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4875 Belfort Road, Suite 110, Jacksonville, FL 32256 | 904-296-1776 | www.lingerfeltco.com

IN D US TR IA L M A R KE T

LIBERTY BUSINESS PARK

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Alta Lakes Commerce Center

Cabot Commerce Drive / Cabot Commerce Circle | Jacksonville, FL | 32226

Industrial Space Located In North Jacksonville Near JAXPORT As exclusive agents, we are pleased to offer the following property for lease:

w Industrial space available: ±21,000 SF - ±240,000 SF w Excellent access to 9-A, I-95, I-295, I-10 and US-1 w Minutes from Mitsui OSK, JAXPORT Blount Island Marine Terminals and the Jacksonville International Airport.

w Class A construction with additional trailer spots available for container storage

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w 4 new buildings w 28’ minimum clear height w Concrete truck courts

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For further information, please contact our exclusive agents:

John Richardson, SIOR President / Principal jrichardson@phoenixrealty.net Bryan Bartlett, SIOR Senior Vice President / Principal bbartlett@phoenixrealty.net Newmark Grubb Phoenix Realty Group, Inc. 904.399.5222 10739 Deerwood Park Blvd., #310 Jacksonville, FL 32256

Individual Memberships

www.phoenixrealty.net/AltaLakes www.phoenixrealty.net Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.


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Overview - Property Features

Cabot Commerce Drive / Cabot Commerce Circle | Jacksonville, FL | 32226

Overview: The Jacksonville Industrial Market continues to benefit from the opening of international ocean carrier, Mitsui OSK This port is located within two miles of this facility. While Jacksonville ranks # 4 for highest volume on the East Coast, it is estimated by the year 2015, the city’s current cargo traffic will place Jacksonville among the top ten ports in the entire nation. In addition to this tremendous growth, Jacksonville features a healthy employment market, stable economic growth, excellent intermodal transportation, outstanding quality of life for employees and easy access to all of the Southeast’s major transportation arteries. Companies that have a large presence or headquarters operation in Jacksonville include:

Size: Total Size of Bldgs:

±810,000 SF (including Phase II)

Total Site Size:

±65 AC

Total Available:

±21,000 SF - ±240,000 SF

Location:

Alta Lakes Commerce Center

Features: Construction:

Concrete tilt wall 120 MPH design Clerestory windows Painted interior walls and columns

Clear Height:

28’ minimum

Parking:

Surplus trailer / container positions

Visibility:

9-A

Roof:

45 mil single ply TPO

Floor:

6” reinforced slab with Lapidolith sealer, FFEL 35 / 25

w CSX w Bridgestone w Publix w GE

w CEVA Logistics w Sears w Michaels Stores w Georgia Pacific

w Samsonite w Toyota w Winn Dixie w BJ’s Wholsale Club

Fire Protection:

ESFR

Doors:

9’ x 10’ dock high loading doors

Utilities:

Water and sewer supplied by JEA

Phase II:

Up to ±240,000 SF. Owner can provide build-to-suit with possible CSX rail spur

Features Address

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Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.

IN D US TR IA L M A R KE T

Building 1 Building 2 Building 3 Building 4 2562 2550 11070 11084 Cabot Commerce Dr Cabot Commerce Dr Cabot Commerce Cir Cabot Commerce Cir Total Building Size ±129,665 SF ±192,248 SF ±132,165 SF ±115,665 SF Total Available 0 SF ±84,000 SF ±110,137 SF ±63,165 SF Minimum Size Available 0 SF ±24,000 SF ±22,000 SF ±21,000 SF Dimensions 185’ x 700’ 240’ x 800’ 220’ x 600’ 210’ x 550’ Column Spacing 45’ x 50’ 45’ x 50’ 50 x 53’-4’ 50’ x 50’ Total Doors / Bay 42 / 3 48 / 3 36 / 3 37 / 3 Trailer/Container Storage Yes Yes (W. end) Yes Yes Truck Court Depth 180’ 125’ 125’ & 180’ 185’ Electrical (2) 800 Amp (2) 1,200 Amp (2) 800 Amp (2) 800 Amp


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NorthPort Logistics Center 11530 New Berlin Rd | Jacksonville, FL | 32226

±872,627 SF Warehouse and Distribution Space - FOR LEASE

As exclusive agents, we are pleased to offer Florida’s largest contiguous warehouse / Distribution Space for Lease :

w w w w w w

Largest contiguous warehouse / distribution space in FL. ±872,627 SF Cross Dock (may be divisible) ±2,400 SF of newly constructed office space 2.5 miles from JAXPORT / Blount Island Marine Terminal Ideally located in Jacksonville, FL “America’s Logistics Center” LEED Silver Certification

w w w w w w

FTZ available 2 access points to I-295 Clear height - 32’ minimum 369 trailer storage spaces Full concrete truck courts Food grade ready

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w Truck transit time - 50,000,000

I ND US T RI A L M A RK E T

For further information, please contact our exclusive agents:

Dan Stover First Vice President dstover@phoenixrealty.net John Richardson President / Principal jrichardson@phoenixrealty.net Bryan Bartlett Senior Vice President / Principal bbartlett@phoenixrealty.net Newmark Grubb Phoenix Realty Group, Inc. 904.399.5222/ 10739 Deerwood Park Blvd. #310

consumers can be reached within 8 hours & 60% of the U.S. population is reached within 24 hours

Individual Memberships

A development of

www.phoenixrealty/northport.com www.phoenixrealty.net Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.


2015 NAIOP Bus Tour

AROUND TOWN

JAXPORT is an international trade and cruise seaport situated in the heart of the South Atlantic at the crossroads of the nation’s rail and highway network.

Midtown Centre Office Park

Southpoint Office Park

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SUNPORT INDUSTRIAL PARK Lem Turner Road | Jacksonville, Florida Build-to-Suit Opportunities and Pad-ready Sites Summer 2015 — Fall 2015

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PROPERTY HIGHLIGHTS § Fully-entitled 4.8 million-square-foot, 317-acre master-planned industrial park

§ All infrastructure in place

§ Located in Jacksonville, FL directly off I-295 § Excellent access to I-95, I-10 & I-295

§ Pad-ready land parcels available for build-to-suit & owner occupant sales

§ Minutes from Jacksonville International Airport

§ Easy access to the Port of Jacksonville

COLLIERS INTERNATIONAL NORTHEAST FLORIDA 50 N Laura Street, Suite 1725 Jacksonville, FL 32202 www.colliers.com/jacksonville

§ Zoned IL (Industrial Light)

Hobart Joost, Jr. 904-861-1124 hobart.joost@colliers.com

Guy Preston 904-861-1125 guy.preston@colliers.com


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PRODUCT FEATURES Class A Buildings for Lease Flexible building layouts can accommodate tenants from 50,000 to 2 million square feet with planned buildings featuring ESFR sprinkler systems, 32-foot clear heights, oversized dock doors and extensive parking. Site Plan

400,000 sf

180,000 sf

180,000 sf

180,000 sf

400,000 sf

400,000 sf

400,000 sf

900,000 sf

• 2 miles to airport

260,000 sf

900,000 sf

• 3.5 miles to I-95 • 11 miles to JaxPort Terminal

600,000 sf

Finished Lots for Sale Flexible parcel sizes can be facilitated with lot line adjustments. Lots can be sold “pad-ready” or unimproved to end users of the property, with utilities in place. Zoning & Utilities Land use at SunPort is governed by a PUD which allows for a variety of distribution/warehouse and manufacturing facilities. 317± acres are zoned and entitled with infrastructure coming to the site shortly. Controlled zoning allows greater flexibility and quicker lead-time when it comes to specific customer or building requirements.

Entrance road construction is scheduled to begin Fall 2015 for a December 2015 completion to a pad-ready site. Development Expertise and Corporate Ownership The master developer for SunPort Industrial Park is SunCap Property Group, a leading investor, developer and operator of industrial properties throughout North America. They have developed over 15 million square feet nationally — over 300,000 square feet in the Jacksonville market.

IN D US TR IA L M A R KE T

Schedule

DEVELOPER CONTACTS: Paxton Hollar 704-945-8021 phollar@suncappg.com

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Jon Phillips 704-945-8020 jphillips@suncappg.com


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OUTSIDE STORAGE / TRAILER STORAGE AREA

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FOR SALE > LAND

Westlake Park INDUSTRIAL AND COMMERCIAL SITES AVAILABLE 1,323± GROSS ACRES (792± DEVELOPABLE ACRES) AVAILABLE

Property Features

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> > > > > > > > >

Industrial and commercial sites available for sale Rail served / proposed rail served sites served by Norfolk Southern Rail Quick and easy access to major transportation routes- Close to JaxPort marine terminals, I-95, I-295 and I-10 Environmental Resource Permit (ERP# 4-031-102971-7) from the State of Florida in place- all lands requiring mitigation have been permitted 10,000 SF of industrial building rights per development acre included in purchase price - additional entitlements available Zoning allows for industrial and commercial uses under the present Development of Regional Impact (DRI) Site Plans available for each individual site upon request Infrastructure in place- Water and sewer available to all sites Development ready

*All sales are subject to final approval by Norfolk Southern management

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PHILLIP PARSONS +1 904 358 1206 | EXT 1127 JACKSONVILLE, FL phillip.parsons@colliers.com

HOBART JOOST, JR. SIOR +1 904 358 1206 | EXT 1124 JACKSONVILLE, FL hobart.joost@colliers.com

COLLIERS INTERNATIONAL NORTHEAST FLORIDA 50 N. Laura Street, Suite 1725 Jacksonville, FL www.colliers.com/jacksonville


2015 NAIOP Bus Tour

AROUND TOWN

St. Johns Town Center has more than 175 retailers and restaurants including Apple, Sephora, The Capital Grille, Tiffany & Co., Banana Republic, PF Changs, Louis Vuitton and more.

The Jacksonville Beaches boast 22 miles of gorgeous white sand and are a quick and easy escape from the everyday.

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