Mike Davis

Mike Davis heads up the four-person Cushman & Wakefield Institutional Office and Industrial Investment Sales team, which collectively covers the state of FL. The statewide team completed $3.8 billion of sales and financings in 2021.

The team completed several notable sales, one of which was the sale of SouthPark Center in Orlando. This 10-building portfolio totaled approximately 1.25 million square feet and closed for $315 million, which was one of the largest office sales in Central FL’s history. This sale was particularly noteworthy because the buyer was a first-time buyer to the state and represented one of many transactions where the team married up first-time capital with investment real estate in FL. SouthPark Center was an ideal representation what a Class A office park will look like in a post-pandemic world.

Other notable deals from Mike and his team include:

*Jacksonville Core Industrial Portfolio – $148-million Class A & B industrial portfolio transaction that set a cap rate record for Jacksonville, FL. At 3.81%, the portfolio traded for a far lower cap rate than anything in history for the region and set a new benchmark for industrial pricing.

*Two Harbour Place – $56-million ($300 PSF) office transaction in Tampa’s central business district. Originally brought to the market in February of 2020, the deal had to be pulled due to the pandemic surge in March/April. The deal was launched again in February 2021 and ended up closing at a price higher than the original, pre-pandemic price.