Current media coverage and upcoming developments hand-picked from the industry.

First Watch Inks Lease at Miami Lakes Plaza

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SOUTH FLORIDA BUSINESS JOURNAL — July 23, 2018 — BY BILLY JEAN LOUIS Two new eateries have signed leases at a South Florida shopping center.

Palm Plaza in Miami Lakes will add First Watch and Arepa 69 to its roster.

First Watch, which signed a 10-year lease for 3,747 square feet of space, will open in February 2019. The national chain serves breakfast, brunch, and lunch.

Arepa 69, which signed a 5-year lease for 1,700 square feet of space, will open in December. Its Venezuelan-style arepas are made with round dough and stuffed with a variety of things.

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Parkinson’s Foundation Receives $450,000 Gift from Terranova to Expand Centers of Excellence Network

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PARKINSON’S FOUNDATION NEWS — February 6, 2018 — BY CAROLINA HENRIQUES Stephen Bittel, found and chairman of Terranova, has donated $450,000 to the Miami-based Parkinson’s Foundation to fund the expansion of its Centers of Excellence network.

Bittel also pledged to use his personal and professional networks to raise an additional $1 million for ongoing fellowship grants to encourage young scientists, clinicians and students to study Parkinson’s disease.

“We are extremely grateful for Stephen’s generous donation and his ongoing support of our mission,” John L. Lehr, the foundation’s CEO, said in a press release. “His contributions will have a significant impact on our community, as we continue to lead the charge in making life better for people with Parkinson’s and working toward a cure.”

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Stephen Bittel

PepsiCo sells Miami-Dade site to Terra, Terranova for $40M

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SOUTH FLORIDA BUSINESS JOURNAL — January 2, 2018 — BY BRIAN BANDELL PepsiCo sold its Miami-Dade County offices and bottling plant for $40.27 million to a joint venture between local developers Terra and Terranova Corp.

The Business Journal reports in July that the beverage company (NYSE: PEP) listed the 23.7-acre site at 7777 NW 41 St. in Doral for sale. The listing agents were NAI Global’s Jay Olshonsky, Clifford Moskowitz and Kimberly Kocur, plus NAI Miami’s Gabriela Garcia-Menocal and Lucia Custer.

Terra and Terranova Corp. announced that they had formed 7777 Investment LLC to acquire the property from PespsiCo and sign a lease with the beverage company. While the developers didn’t disclose the length of the lease, they indicated it was not long term, and they plan to redevelop the property for up to 500,000 square feet of commercial space.

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