MILLENIA LAKES IV LUXURY CLASS A OFFICE SPACE Best-in-Class
Executive Summary MILLENIA LAKES II MILLENIA LAKES III MILLENIA LAKES IV MILLENIA LAKES V MILLENIA LAKES I Build-to-suit opportunities in one of Orlando s best-in-class office parks Millenia Blvd. Millenia Blvd. In the Middle of it All Millenia Lakes is arguably the most coveted office park in all of Orlando due to its high quality and strategic location immediately east of I-4 and in close proximity to Florida s Turnpike, the East-West Expressway (SR-408), the CBD and Orlando International Airport. Immediately adjacent to (and connected by a shaded pedestrian walkway) the 1.1 million-square foot, world-class Mall at Millenia (with Nieman Marcus, Bloomingdales and Macys), you ll also be within minutes of a variety of restaurants, numerous hotels and other convenient amenities, such as banks, day care facilities and service providers for your busy lifestyle. A hotel development featuring a Springhill Suites and Residence Inn by Marriott immediately adjacent to Millenia IV will be opening in January 2018.
WHY ORLANDO? CULTURE ARTS Home of the Dr. Phillips Center for the Performing Arts, the Orlando Museum of Art, and multiple cultural venues. RECREATION Hiking, fishing, natural springs, biking/ walking trails, home to more than 100 lakes, 100 parks and bi-coastal access to beaches. SPORTS Professional basketball, hockey, arena football, and soccer teams and 300+ golf courses with two PGA events ATTRACTIONS The theme park capital of the world and the most visited tourist destination in the U.S. DINING World-class dining in thousands of restaurants that include eateries by celebrity chefs, small cafes and wine bars, local favorites, and national chains. POPULATION WORKFORCE Labor force of over 1.2 million people, median age of general population is 36. AFFORDABLE LABOR 6% lower than the national average EDUCATION Over 194,000 students in universities and state colleges in the area, including UCF, the nation s 2nd largest university. INFRASTRUCTURE PUBLIC TRANSIT SunRail commuter rail, LYNX regional bus service, Lymmo free downtown bus service, Greyhound bus service and Amtrak rail ROADWAYS Centrally located with access to I-4 (currently undergoing a 21-mile makeover) and the Florida Turnpike SEAPORTS Port Canaveral and Port of Sanford within 50 miles, Port Tampa Bay and Port Manatee within 100 miles. AIRPORTS Orlando International Airport, the second busiest airport in Florida, serving 38 million passengers; Orlando Sanford International Airport serving 2.4 million passengers TAX ADVANTAGES No corporate income tax on limited partnerships or subchapter S-corporations No corporate franchise tax on capital stock No state-level property tax assessed, no property tax on business inventories No property tax on goods-in-transit for up to 180 days No sales and use tax on goods manufactured or produced in Florida for export outside the state No sales tax on purchase of raw materials incorporated in a final product for resale, including non-reusable containers or packaging No sales tax on manufacturing machinery or equipment No sales/use tax on co-generation of electricity
Why Millenia Lakes IV? Luxury Office Space, Customized To Your Needs Millenia Lakes sits on an attractive lake with striking water features. A paved path surrounding the lake provides tenants the perfect place for jogging or a casual stroll to break up the work day. A shaded path provides direct walkability to the adjacent Mall at Millenia and surrounding power centers, providing a wide variety of dining choices and other retail amenities. A landscaped seating area will connect to the mall path and the future Phase V building. The building exterior features reflective glass curtain walls with concrete accent panels in varying shades of gray. Landscaping featuring palm trees and a variety of colorful foliage creates a dramatic first impression. Building signage and monument signage along Millenia Boulevard is available and the building features excellent visibility from I-4. High-quality finishes throughout the interior are punctuated by elegant lobbies with a variety of uniquely framed art as the focal point. The lobby s marble floors, earth-toned walls and recessed lighting accentuate the artwork and adds to the overall elegance of the buildings. Floor plates are efficient, 33,300 sf and virtually column-free, providing the flexibility to attract tenants of virtually any size. Abundant parking surrounds the site. QUICK FACTS 127,500 SF overall size (Phase IV) 33,000 +/- floorplate 4 floors Parking up to 5/1,000 in surface lots Deliver date 2018 Curtain wall construction Ability to grow building to 255,000 SF Immediate Access Immediate Access 5 miles 6.5 miles
#2 #2 #1 TYPICAL FLOOR PLAN ELEC. STORAGE MENS STAIR PHONE ELEV. ELEVATOR LOBBY JANITOR CORRIDOR SERVICE VEST. ELEV. WOMENS STAIR LOCATION IMAGE Geographic Center of Orlando Great Corporate Office Environment Intersection of I-4 and Conroy Rd. One exit north of Florida Turnpike 10 minutes south of Downtown 20 minutes to Orlando International Airport Close to Isleworth, Windermere, Dr. Phillips 4- and 6-story Class A office buildings Glass and precast exterior Efficient floor plates Visibility from I-4 Lake views Financially strong owner and manager
Market Data ORLANDO MSA STATISTICS Average income: $68,086 Population growth: 9.4% Housing renter occupied: 38% Unemployment: 4.5% Bachelor or higher: 19.0% Population age 20-34: 22.4% ORLANDO AREA EDUCATION UNDERGRADUATE COLLEGES ENROLLMENT University of Central Florida 60,810 Valencia College 90,548 Seminole State College 30,701 Full Sail University 18,000 Lake Sumter College 7,000 Adventist University of Health Sciences 3,000 Rollins College 2,662 Florida Christian College 300 Total Undergraduates 183,021 GRADUATE COLLEGES ENROLLMENT University of Central Florida 7,700 Full Sail University 2,126 Rollins 575 Adventist University of Health Sciences 96 Total Graduates 10,497 Osceola County Lake County Orange County Central Florida Total Population 2,325,274 Seminole County How Orlando Ranks Top American City of the Future. fdi Magazine, 2015 MAJOR EMPLOYERS Walt Disney World Resort: 74,000 Employees Universal Orlando (Comcast): 20,000 Employees Adventist Health System: 19,304 Employees Orlando Health: 15,174 Employees Lockheed Martin: 7,000 Employees Westgate Resorts: 6,500 Employees SeaWorld Parks & Entertainment: 6,032 Employees Darden Restaurants: 5,221 Employees Siemens: 4,448 Employees Rosen Hotels & Resorts: 4,322 Employees Wyndham Worldwide: 3,509 Employees AT&T: 3,063 Employees JP Morgan: 3.053 Employees Bright House Networks: 3,000 Employees #1 Job Growth in the U.S. US Dept of Labor, 2016 3 rd Most Competitive Location for Business KPMG, 2015 4 th Happiest Place to Work Forbes Magazine, 2015 2 nd Fastest Growing Major Metro U.S. Census Bureau, 2013
ORLANDO TOURISM ORLANDO HEALTHCARE Orlando saw a record of 66 million visitors in 2015 7,600+ licensed hospital beds Orlando is home to 7 of the top 15 amusement parks worldwide 26 Inpatient Hospitals Economic Incentives STATE INDUSTRY INCENTIVES Qualified Target Industry (QTI) Tax Refund Program Available for companies that create high wage jobs in targeted high value-added industries. Award $3,000 per new job created; average wage must be 115% of the country s average wage. Award increases to $4,000 per job for 150%; $5,000 for 200% HQ and life sciences qualify for high impact sector bonus ($1,000 bonus per new job) Cash refund against state taxes; based on net new-to- Florida jobs (minimum 10): corporate income tax, sales/ use tax, ad valorem tax CITY OF ORLANDO Economic Development Grant Annual grant equal to portion of new city personal property taxes generated each year for 10 years. Comensurate with job phasing and tax roll values evaluated on a case-by-case basis. ORANGE COUNTY Economic Development Tax Abatement Program A temporary county property tax exemption for up to 100% of new capital improvements and equipment purchases for up to 10 years. STATE WORKFORCE TRAINING INCENTIVES Florida Flex (formerly Quick Response Training) An employer-driven training program designed to assist new value-added businesses and provide existing Florida businesses the necessary training for expansion. Award based on skill level of new jobs; up to $1,500 per new job created Reimbursable grant for customized workforce training needs (covers instructor wages, curriculum development, textbooks and manuals Work Experience Internship Programs Businesses in targeted occupations can apply to have an intern work for their company at no cost. CareerSource Central Florida will provide the intern and write the payroll checks. Participants selected will earn up to $21 per hour and will work up to 40 hours per week for 12 weeks. Tenant acknowledges that this document is in no way a guarantee or award of economic incentives. Every incentive shall require its respective governing body to provide approval.
Millennia Blvd Location is Everything RETAIL 1 2 3 4 Mall at Millenia Ikea Super Target Toys R Us 5 6 7 8 Dick s Sporting Goods The Home Depot Orlando Internat l Premium Outlets Artegon Marketplace RESTAURANTS 9 La Madeleine French Cafe 10 BJ s Restaurant & Brewhouse 11 Olive Garden 12 Duffy s Sports Grill 13 Burger 21 14 Keke s Breakfast Cafe Conroy Rd Turkey Lake Rd 16 15 21 23 20 Universal Blvd 22 25 24 International Dr 7 8 Vineland Rd Florida s Turnpike 6 5 4 3 12 19 9 14 10 13 11 1 2 W Oakridge Rd 17 18 S John Young Parkway Conroy Rd ENTERTAINMENT 15 Hard Rock Live BANKS 17 SunTrust Bank S Kirkman Rd 16 Universal Orlando 18 Chase Bank Sand Lake Rd HOTELS 19 Regions Bank Millenia Lakes IV 20 21 22 23 24 25 Universal s Cabana Bay Beach Resort Loews Royal Pacific Resort Hard Rock Hotel Loews Sapphire Falls Resort Doubletree by Hilton @ Universal Hyatt Place Orlando/Universal For more information, contact: Jeff Sweeney Senior Director +1 407 541 4429 jeff.sweeney@cushwake.com Kevin Hammond Associate + 1 407 241 3081 kevin.hammond@cushwake.com 20 North Orange Avenue Suite 300 Orlando, FL 32801 USA cushmanwakefield.com cushwakeorlando.com @cushwakeorlando millenialakes.com 2017 Cushman & Wakefield NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE TO THE ACCURACY OR COMPLETENESS OF THE INFORMATION CONTAINED HEREIN, AND SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, WITHDRAWAL WITHOUT NOTICE, AND TO ANY SPECIAL LISTING CONDITIONS IMPOSED BY THE PROPERTY OWNER(S). AS APPLICABLE, WE MAKE NO REPRESENTATION AS TO THE CONDITION OF THE PROPERTY (OR PROPERTIES) IN QUESTION.