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MILLENIA LAKES IVLUXURY CLASS A OFFICE SPACE
Best-in-Class
Executive Summary
In the Middle of it AllMillenia 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.
Millenia Blvd.
Millenia Blvd.
Vineland Rd.
Vineland Rd.
MILLENIA LAKES I
MILLENIA LAKES II
MILLENIA LAKES IIIMILLENIA LAKES IV
MILLENIA LAKES V
Build-to-suit opportunities in one of Orlando’s best-in-class office parks
WHY ORLANDO?CULTURE
POPULATION
INFRASTRUCTURE
TAX ADVANTAGES
ARTSHome of the Dr. Phillips Center for the Performing Arts, the Orlando Museum of Art, and multiple cultural venues.
PUBLIC TRANSITSunRail commuter rail, LYNX regional bus service, Lymmo free downtown bus service, Greyhound bus service and Amtrak rail
SEAPORTSPort Canaveral and Port of Sanford within 50 miles, Port Tampa Bay and Port Manatee within 100 miles.
ROADWAYSCentrally located with access to I-4 (currently undergoing a 21-mile makeover) and the Florida Turnpike
AIRPORTSOrlando International Airport, the second busiest airport in Florida, serving 38 million passengers; Orlando Sanford International Airport serving 2.4 million passengers
• 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
RECREATIONHiking, fishing, natural springs, biking/walking trails, home to more than 100 lakes, 100 parks and bi-coastal access to beaches.
SPORTSProfessional basketball, hockey, arena football, and soccer teams and 300+ golf courses with two PGA events
ATTRACTIONSThe theme park capital of the world and the most visited tourist destination in the U.S.
DININGWorld-class dining in thousands of restaurants that include eateries by celebrity chefs, small cafes and wine bars, local favorites, and national chains.
WORKFORCELabor force of over 1.2 million people, median age of general population is 36.
AFFORDABLE LABOR6% lower than the national average
EDUCATIONOver 194,000 students in universities and state colleges in the area, including UCF, the nation’s 2nd largest university.
Millenia Blvd.
Millenia Blvd.
Vineland Rd.
Vineland Rd.
MILLENIA LAKES I
MILLENIA LAKES II
MILLENIA LAKES IIIMILLENIA LAKES IV
MILLENIA LAKES V
Why Millenia Lakes IV?
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.
Immediate Access
Immediate Access
5 miles
6.5 miles
Luxury Office Space, Customized To Your Needs
At 100%At 100%
Helvetica Neue 57 Condensed 12ptColor: K100
Background Stroke: 2ptColor: K0
Background Stroke: 2.5ptColor: K0
Stroke: 2ptColor: K100
Stroke: 0.75ptColor: K100
Stroke: 1ptColor: K100
NORTH ARROW
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
LOCATION
Geographic Center of Orlando
• 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
IMAGE
Great Corporate Office Environment
• 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
TYPICAL FLOOR PLAN
ELEVATOR
SERVICE
STAIR
ELEV.
ELEV.
LOBBY
VEST.
ELEC.
CORRIDORJANITOR
PHONE
STAIR
STORAGE
MENS
WOMENS
#1
#2
#2
Market Data
Average income: $68,086
Population growth: 9.4%
Unemployment: 4.5%
Housing renter occupied: 38%
Bachelor or higher: 19.0%
Population age 20-34: 22.4%
ORLANDO MSA STATISTICS
Top “American City of the Future.”fDi Magazine, 2015
#1 Job Growth in the U.S.US Dept of Labor, 2016
3rd Most Competitive Location for Business
KPMG, 2015
4th Happiest Place to WorkForbes Magazine, 2015
2nd Fastest Growing Major MetroU.S. Census Bureau, 2013
How Orlando Ranks
Osceola County Lake County
Seminole C
ounty
Ora
nge
Co
unty Central Florida
Total Population2,325,274
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
ORLANDO AREA EDUCATION
MAJOR EMPLOYERSWalt Disney World Resort: 74,000 EmployeesUniversal Orlando (Comcast): 20,000 EmployeesAdventist Health System: 19,304 EmployeesOrlando Health: 15,174 EmployeesLockheed Martin: 7,000 EmployeesWestgate Resorts: 6,500 EmployeesSeaWorld Parks & Entertainment: 6,032 EmployeesDarden Restaurants: 5,221 EmployeesSiemens: 4,448 EmployeesRosen Hotels & Resorts: 4,322 Employees Wyndham Worldwide: 3,509 EmployeesAT&T: 3,063 EmployeesJP Morgan: 3.053 EmployeesBright House Networks: 3,000 Employees
Orlando saw a record of 66 million visitors in 2015
Orlando is home to 7 of the top 15 amusement parks worldwide
ORLANDO TOURISM ORLANDO HEALTHCARE
7,600+ licensed hospital beds
26 Inpatient Hospitals
Economic IncentivesSTATE INDUSTRY INCENTIVESQualified 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
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.
CITY OF ORLANDOEconomic 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 COUNTYEconomic 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.
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.
20 North Orange AvenueSuite 300Orlando, FL 32801 | USA
cushmanwakefield.com
cushwakeorlando.com @cushwakeorlando
Jeff SweeneySenior Director +1 407 541 4429 [email protected]
Kevin Hammond Associate+ 1 407 241 [email protected]
©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.
For more information, contact:
millenialakes.com
Location is Everything
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RETAILMall at Millenia
Ikea
Super Target
Toys “R” Us
Dick’s Sporting Goods
Orlando Internat’l Premium Outlets
The Home Depot
Artegon Marketplace
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RESTAURANTSLa Madeleine French Cafe
BJ’s Restaurant & Brewhouse
Olive Garden
Duffy’s Sports Grill
Burger 21
Keke’s Breakfast Cafe
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ENTERTAINMENT
Hard Rock Live
Universal Orlando
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HOTELS
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
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BANKS
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SunTrust Bank
Chase Bank
Regions Bank
W Oakridge Rd
Sand Lake Rd
Vine
land
Rd
Conroy Rd
Conroy Rd
Florida’s Turnpike
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Millenia Lakes IV
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