Stephen-Bittel

Stephen Bittel’s Terranova Inks Deal with New Tenants for Shadowwood Square in Boca Raton

BOSS EDITORIAL – September 26, 2022 South Florida’s temperate weather and beautiful coastline has long drawn retirees to the eastern tip of the Sunshine State, but over the past few years the area has been an increasingly popular destination for younger residents too. In addition to the draw of working remotely from the beach, the availability of homes and lack of state income tax has seen Florida gain more than 200,000 residents in the last year, making it second only to Texas in population growth.

The influx of people has created new shifts in the makeup of the cities within the greater Miami metropolitan area. According to Stephen Bittel, founder and chairman of the commercial real estate firm Terranova Corporation, one of these shifts include a growing number of family-friendly businesses migrating to the markedly luxurious Boca Raton.

Indeed, Terranova’s retail center Shadowwood Square located in west Boca Raton recently signed two new tenants under that category: Carter’s Retail Inc., the largest branded marketer of baby and children’s clothing in the United States; and The Great Greek Mediterranean Grill, a fast-casual franchise with over 40 locations across the country and eight in South Florida alone.  

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Boca’s Shadowwood Square Builds Tenant Roster With Two New Leases

COMMERCIAL OBSERVER – September 1, 2022 BY MARK HALLUM

Boca Raton’s Shadowwood Square has two new tenants taking a combined 7,142 square feet of space.

Kids clothing purveyor Carter’s Retail took 4,442 square feet at 9831 Glades Road while The Great Greek Mediterranean Grill will move in nearby, having signed a lease for 2,700 square feet at 9961-9963 Glades Road, according to the landlord broker Terranova Corporation.

The 220,426-square-foot West Boca shopping center is also leased to Bed, Bath & BeyondBest BuyOld Navy and Regal Cinema.

“With many businesses seeking to make their mark in the tri-county area, we are seeing an influx of family-focused businesses migrating to Boca Raton, a growing, family-oriented neighborhood,” Terranova President Mindy McIlroy said in a statement.

Brandon Nocella of Strategic Retail Advisors represented Carter’s Retail in the 10-year lease negotiations, and did not immediately respond to a request for comment. Harlan Ginn of United Franchise Group, who could not be reached for comment, represented The Great Greek Mediterranean Grill securing a five-year lease.

Terranova declined to provide asking rents.

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Shadowwood Square

Terranova’s Stephen Bittel Welcomes Two New Tenants to Boca Raton’s Shadowwood Square

THE BOCA RATON TRIBUNE – August 31, 2022

With new tenant announcements, Boca Raton is becoming the real estate market to watch

 Terranova Corporation, a leading commercial real estate firm, and President Mindy McIlroy represented Shadowwood Square, a power center in Boca Raton, in its recent signing of two new tenants – Carter’s Retail Inc. (NYSE: CRI) and The Great Greek Mediterranean Grill. Carter’s Retail Inc., the largest branded marketer of baby and children’s clothing in the U.S., will occupy 4,442 square feet at 9831 Glades Road. The Great Greek Mediterranean Grill, a trans-generational Mediterranean dining experience, which will occupy 2,700 square feet at 9961 and 9963 Glades Road.

Over the last couple years, South Florida has seen an influx of high-end restaurants, businesses and retailers relocating their headquarters or expanding into the market. Boca Raton, known for its reputation as a luxurious city ranked on the IRS’s top 100 wealthiest U.S. cities list, has become an increasingly attractive option for companies seeking to make the move.

“We are thrilled to grow the Boca Raton community with the perfect additions of Carter’s Retail Inc. and The Great Greek Mediterranean Grill to Shadowwood Square,” Stephen Bittel, founder and chairman of Terranova, said. “With many businesses seeking to make their mark in the tri-county area,  we are seeing an influx of family-focused businesses migrating to Boca Raton, a growing, family-oriented neighborhood.”

Carter’s Retail Inc. has been a trusted baby and children’s clothing vendor since its inception in 1865, having instilled a culture of care and quality. The company seeks out opportunities to positively impact the communities  their stores are rooted in, finding ways to give back and ensure no product that could be used by a child is wasted.

Similarly, The Great Greek Mediterranean Grill is known for its heritage of tradition and togetherness, qualities sought after by family-friendly communities like Boca Raton. Founded by two third-generation restaurateurs, the company has established an atmosphere of generational love while making patrons feel right at home, creating a dining experience based on their own childhood memories spent with family and friends.

The 220,426 square foot retail center is conveniently located in West Boca at the northeast corner of US-441 and Glades Road, a high traffic location seeing up to 82,000 cars passing daily.

These tenants join Bed, Bath & Beyond, Best Buy, Old Navy and Regal Cinema, among others, at Shadowwood Square, continuing to expand Boca Raton’s commercial real estate landscape.

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