The Firm’s Asset Services Group Has Grown its Florida Management Portfolio More Than 800 Percent in Less Than Five Years
TAMPA, FL, March 8, 2017 — Cushman & Wakefield announced today that its Florida Asset Services Group has secured the management rights to 33 buildings totaling 2.4 million square feet (MSF) throughout Central Florida. The buildings are spread over 16 sites and comprise a mix of industrial, office, flex and retail space.
These recent successes build on the tremendous momentum Cushman & Wakefield’s Asset Services Group has established in Florida since 2013. At that time, Cushman & Wakefield’s Florida management portfolio stood at 5.3 MSF. The group was able to grow the portfolio to 18 MSF by September 2015. Today, a little over one year later, the statewide portfolio has increased dramatically to 43 MSF.
“Cushman & Wakefield has made a concerted effort to aggressively grow its Asset Services platform in the state of Florida,” said Tim Rivers, Senior Managing Director of Asset Services in Florida . “We’ve been able to increase our footprint significantly via merger, acquisition and dogged business development efforts.”
“The driving force behind this growth are the hundreds of incredible professionals who make up our Florida Asset Services Group,” added Rivers. “We’ve been able to assemble the top professionals in our industry, who consistently perform above and beyond, and property owners have taken notice.”
Information about each of Cushman & Wakefield’s recent successes can be found below:
Beachline Distribution Center and Crossroads Business Park • Orlando, FL
Cushman & Wakefield was awarded the 946,379-square-foot management contract for Beachline Distribution Center and Crossroads Business Park, four one-story warehouse and distribution buildings in Orlando. Beachline Distribution Center comprises two buildings at 2501 and 2507 Investors Row developed between 1997 and 1999. Crossroads Business Park includes two one-story buildings at 401 and 405 Gills Drive developed in 2001.
Benjamin Distribution Center and Thompson Center I & II • Tampa, FL
Cushman & Wakefield was retained to manage Benjamin Distribution Center and Thompson Center I & II, three mid ‘80s vintage industrial campuses totaling 564,362 square feet in Tampa.
Benjamin Distribution Center comprises five industrial buildings at 5801, 5802, 5925 Benjamin Center Drive and 6301 and 6313 Benjamin Road. Thompson Center I is a seven-building industrial campus located at 6202, 6204, 6206, 6302, 6304, 6306 and 6308 Benjamin Road. Thompson Center II is a three-building industrial portfolio located at 5411 and 5505 Johns Road and 5602 Thompson Center Court.
Konica Minolta • St. Petersburg, FL
Cushman & Wakefield won the management rights to a three-building, 337,000-square-foot office and flex campus at 11101 Roosevelt Boulevard North in St. Petersburg.
Northdale I and II • Tampa, FL
Cushman & Wakefield was retained to manage Northdale I & II, a 138,772-square-foot, two-building office campus in Tampa. Northdale I is a three-story office building developed on a 6.5-acre site at 3810 Northdale Boulevard in 1986. Northdale II is a three-story office building developed in on a 2.81-acre site at 3820 Northdale Boulevard in 2001.
3785 Bryn Mawr Street • Orlando, FL
Cushman & Wakefield was awarded the management contract for 3785 Bryn Mawr Street, a 121,200-square-foot industrial building in Orlando. The two-story asset was developed on a 7.4-acre site in 1967.
4500 Seaboard • Orlando, FL
Cushman & Wakefield was named asset manager for 4500 Seaboard, a two-building, 97,213-square-foot industrial campus at 4500 Seaboard Road in Orlando. The two one-story buildings were developed on a 5.0-acre site in 1987.
Benjamin Centers VII and IX • Tampa, FL
Cushman & Wakefield was retained to manage Benjamin Center VII and IX, a two-building, 69,369-square foot industrial portfolio in Tampa. Benjamin Center VII is a one-story building developed in 1989 on a 2.6-acre site at 5910 Benjamin Center Drive. Benjamin Center IX is a one-story building developed in 1991 on a 2.1-acre site at 5706 Benjamin Center Drive.
Interchange Center East • Riverview, FL
Cushman & Wakefield was retained to manage Interchange Center East, a 60,000-square-foot, one-story building located at 9404–9432 Camden Field Parkway. The building was developed in 2005.
202 Lake Miriam Drive • Lakeland, FL
Cushman & Wakefield was awarded the management contract for 202 Lake Miriam Drive, a 24,778-square foot office building in Lakeland, FL. The one-story asset was developed on a 2.24-acre site in 1972.
Largo Retail Shoppes • Largo, FL
Cushman & Wakefield won the management rights for the Largo Retail Shoppes, a 12,600-square-foot retail center in Largo. The one-story strip center was developed in 2004 on 1.3 acres at 10581 Ulmerton Road.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 43,000 employees in more than 60 countries help investors and occupiers optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.