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Current media coverage and upcoming developments hand-picked from the industry.
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Art Explosion for Miami Beach’s Retail Real Estate Market: Terranova Corp. Welcomes Multiple New Tenants
MIAMI BEACH, FL – November 5, 2019 – Terranova Corporation, South Florida's leading commercial real estate firm, has announced a plethora of new tenants opening on Miami Beach's coveted world-famous pedestrian thoroughfare Lincoln Road. With the holidays and Art Basel quickly approaching, brands are "popping up" in Miami Beach. On Lincoln Road, three new art galleries are embracing the diversity of Miami Beach's local and tourist populations and joining the vibrant mix of dining destinations…
MC2 Saint Barth Inks Deal for First U.S. Location on Lincoln Road
MIAMI BEACH, FL – July 9, 2019 – Saint Barth meets Miami with the new beachwear retailer, MC2 Saint Barth bringing their first U.S. location to Lincoln Road. Thriving with over 34 stores worldwide, MC2 Saint Barth's new location in Miami Beach is expected to open later this year. Terranova has signed a 4-year lease with MC2 Saint Barth for 748 SF at 608 Lincoln Road, Miami Beach's premiere retail, entertainment and restaurant high street.…
Summer Sizzles for Coral Gables’ Retail Real Estate Market: Terranova Welcomes Multiple New Tenants
MIAMI BEACH, FL – July 9, 2019 – Terranova Corporation, South Florida’s leading commercial real estate firm, has announced a plethora of new tenants opening in one of the most prestigious and affluent retail locations in Miami -Dade County - Coral Gables' Miracle Mile. On the heels of the one-year anniversary of the completed streetscape project, which included widened sidewalks and outdoor seating, Miracle Mile - downtown Coral Gables' pedestrian friendly major retail corridor, is…
Summer Continues to Sizzle for Miami’s Retail Real Estate Market
MIAMI BEACH, FL – July 30, 2018 – Terranova Corporation, South Florida’s leading commercial real estate firm, has announced a plethora of new tenants opening in two of its most prestigious retail locations in Miami-Dade County – Coral Gables’ Miracle Mile and Miami Beach’s coveted world-famous pedestrian thoroughfare Lincoln Road. On Lincoln Road, three new restaurants and a café embracing the diversity of Miami Beach’s local and tourist populations, join the vibrant mix of dining destinations…
TERRANOVA CORPORATION ANNOUNCES TRIO OF KEY EXECUTIVE PROMOTIONS
MIAMI BEACH, FL – July 25, 2018 – Terranova Corporation chairman and founder Stephen Bittel announces the promotions of three of the visionary firm’s senior executives – Mindy McIlroy, Josh Gelfman and Ozzie Dominguez. Says Bittel, “True leadership is all about not only what you do to further company goals but also what you give to others. With that in mind, if you are in a position to do something to advance the professional opportunities of…
Palm Plaza Heats Up with New Restaurants Coming Soon
MIAMI BEACH, FL – July 16, 2018 – Terranova is pleased to announce the addition of two new eateries, First Watch and Arepa 69 to Palm Plaza shopping center located at NW 67th Avenue and the Palmetto Expressway (SR826), bringing its occupancy to over 93%. First Watch, a breakfast focused daytime café where freshness is never comprised and everything is made to order, signed a 10-year lease for 3,747 square feet. Customers will be able…
THE LINCOLN EATERY TO DEBUT FALL 2018
Debuting fall 2018, The Lincoln Eatery marks the arrival of one of the 21st century’s biggest global culinary trends – the modern food hall – on Miami Beach. Located adjacent to Lincoln Road, South Beach’s famed pedestrian shopping, dining and people watching street, the highly-anticipated urban food collective will present a curated selection of 16 unique dining and drinking options featuring an eclectic assortment of culinary concepts. As envisioned by its developers, Terranova Corporation, South…
Well Groomed Brings New Concept to Miracle Mile
MIAMI BEACH, FL – May 7, 2018 – With the success of their all-in-one barbershop and spa on Miracle Mile, Well Groomed Gentleman is expanding their services to women and children with Well Groomed Image Consultants coming soon to newly revamped Miracle Mile in Downtown Coral Gables. Terranova has signed a 5-year lease with Well Groomed Image Consultants for 1,687 square feet at 261 Miracle Mile projected to open this summer. Owner and President, Al…
La Cerveceria de Barrio First U.S. Location on Lincoln Road
MIAMI BEACH, FL – January 2, 2018 – Mexico meets Miami with the new Mexican seafood cantina, La Cerveceria de Barrio bringing their first U.S. location to Lincoln Road. Thriving with 35 restaurants in Mexico, La Cerveceria's new location in Miami beach is expected to open in 2018. Terranova has signed a 5-year lease with La Cerveceria for 1,706 SF at 836 Lincoln Road, the world famous eight block strip in Miami Beach. Inspired by traditional seafood restaurants…
Posh Plum Takes 13,000 Square Feet in Boca Raton
MIAMI BEACH, FL – October 2, 2017 – In need of furniture or home decor but don't want to spend an exorbitant amount? You are in luck, Florida's favorite high-end consignment home furnishings retailer Posh Plum is coming to Shadowwood Square in Boca Raton. Terranova has signed a 10 year lease with the furniture giant for 13,000 square feet at 9851 Glades Road projected to open January 2018. With over 30 years of experience, Posh Plum helps…
Miracle Mile Heats Up with New Activity from Terranova
MIAMI BEACH, FL – December 22, 2016 – Downtown Coral Gables and Miracle Mile vacancies are steadily decreasing despite on-going construction. Retailers and restauranteurs are clamoring for space on The Mile in anticipation of the completion of the Streetscape project. Wider sidewalks with outdoor seating in beautiful South Florida is a hot commodity and Terranova is taking action by bringing with several new tenants to Miracle Mile. Copper 29 Bar, the hottest speakeasy in town,…
Terranova is Popping on Lincoln Road
MIAMI BEACH, FL – December 7, 2016 – With the holidays quickly approaching, brands are “popping up” all along Lincoln Road. Terranova recently signed three new short-term deals on the world famous retail street. Cap'n Crunch has landed in Miami Beach in the form of a 2,966 square foot pop-up shop at 721 Lincoln Road. The Kith x Cap'n Crunch store, a partnership between the cereal brand and the New York-based cereal bar, Kith Treats…
TERRANOVA CORP ANNOUNCES 3RD ANNUAL PRESENTING SPONSORSHIP OF NATIONAL PARKINSON’S FOUNDATION’S MOVING DAY® MIAMI
MIAMI BEACH, FL – October 25, 2016 – Terranova Corp announces its ongoing commitment to Moving Day®, National Parkinson Foundation’s annual fundraising event to be held on November 13th at Museum Park, as the walk’s Presenting Sponsor. “Our commitment to fight this disease is personal to us, which is why we have decided to support the walk once again by becoming the Presenting Sponsor for the 3rd year in a row”, says Stephen Bittel, Chairman…
Terranova Affiliate Sells Beach Towers for $48.75 Million
MIAMI BEACH, FL – July 15, 2016 – Concluding a 12-year investment, Beach Tower LLC sold two offices buildings located 1674 and 1688 Meridian Avenue yesterday for $48.75 million dollars to Ivy MBT Property, LLC. Originally purchased in 2004 in two transactions for $7,475,000 for 1674 Meridian and $19,550,000 for 1688 Meridian. Terranova Chairman Stephen Bittel said, “we are delighted with the positive conclusion of this investment. Our current development of two neighboring three story retail buildings…
Terranova Affiliate Sells Suniland Shopping Center for $66.5 Million
MIAMI BEACH, FL – May 31, 2016 - Concluding a 22 plus year investment, Suniland Associates, Ltd. sold the Suniland Shopping Center on Friday for $66.5 million dollars. Originally purchased in two transactions, in 1994 for $9,295,000 plus an out piece in 1996 for $1,121,300, the gain to investors over the long hold was extraordinary when cash flow from operations, refinancing proceeds, and sale proceeds were combined. Investors received an annualized internal rate of return over the investment period of…
Terranova’s Website Takes Home the Silver ADDY Award
MIAMI BEACH, FL – March 22, 2016 - Terranova Corporation’s website was honored with a Silver ADDY Award at the 2015-2016 American Advertising Awards presented by the Fort Lauderdale chapter of The American Advertising Federation. The ADDY awards recognize the highest level of creative excellence in an advertising medium. helium creative, a full service advertising firm based in Ft. Lauderdale, was awarded for the design and development the agency submitted for Terranova’s redesigned corporate website. helium provided…
1000 Degrees Neapolitan Pizza Brings Sizzle to Shadowwood
MIAMI BEACH, FL – March 17, 2016 - 1000 Degrees Neapolitan Pizza LLC, a New Jersey-based fast-casual American spin on authentic, hand-tossed Neapolitan pizza, has signed a 10-year lease for 1,988 square feet at 20642 South State Road 7 #M03 in Shadowwood Square, the premier shopping center in the heart of Boca Raton. The location is projected to open Fall 2016. The quick-fired, build your own pizzas are customizable from more than 50 cheeses, sauces,…
Terranova Signs Regus in Miami Beach
MIAMI BEACH, FL – January 20, 2016 – Regus inked a new 10-year lease with Terranova for a total of 19,374 square feet at 1688 Meridian Avenue, on two floors in Miami Beach. 1688 Meridian is a mixed-use project comprised of 92,644 square feet of office and retail space adjacent to the Miami Beach Convention Center that will undergo a major redevelopment to a total of 1.4 million square feet. It was designed in the…
Gateway Town Center Welcomes Wingstop Inc. to Norwood
MIAMI BEACH, FL – January 11, 2016 – Terranova continuing its quest to bring new tenants to Jacksonville’s Gateway Town Center is spicing up their food scene with the arrival of Wingstop Inc., (WING). Located at 5290-10 Norwood Avenue, this 1,639 square foot store will mark the 2nd location for this Wingstop franchisee. Store is slated to open by Summer 2016. “We are so excited to add Wingstop to our tenant mix at Gateway Town…
Pure Barre Balances out Tenants in Suniland
MIAMI BEACH, FL – October 2, 2015 – Every little girl at some point in their life has dreamed of becoming a ballerina when they grow up. If you missed the opportunity, don’t fret, now you can train like one with a studio called Pure Barre coming to Suniland Shopping Center, the premier shopping center in the heart of Pinecrest. Pure Barre has signed a 5-year lease with Terranova for 1,433 square feet at 11349…
Terranova Promotes Andrei Pintilie to Senior Commercial Associate
MIAMI BEACH, FL – September 24, 2015 – Terranova, South Florida’s leading commercial real estate advisory firm, is pleased to announce the promotion of Andrei Pintilie to Senior Commercial Associate. Pintilie arrived in the U.S. in 2003 and accepted a part time Research Assistant position at Terranova while attending college. Since then, he has risen through the ranks to gain the prestigious title of Senior Commercial Associate during his 12-year tenure with the company. Pintilie…
Tuesday Morning Expansion Fills Last Available Space in Pompano Plaza
MIAMI BEACH, FL – September 9, 2015 – In need of home goods but don’t want to spend an exorbitant amount? You are in luck, Pompano’s favorite home goods retailer Tuesday Morning is expanding in Pompano Plaza Terranova has signed an 11-year lease with Tuesday Morning to expand their store from 9,764 to 16,401 square feet at 1405 South Federal Highway with the new, larger store projected to open Summer 2016. Founded in 1974 by…
Vintro’s Success Leads to Expansion Plans
MIAMI BEACH, FL – August 26, 2015 – One of Miami Beach’s top rated boutique hotels is expanding to include a luxurious mixed use condominium portion as well as a ground floor segment. Terranova will represent the landlord in leasing the ground floor commercial space at 2206 Park Avenue in Miami Beach. Initial plans include two ground floor commercial spaces with the first at 3,492 SF with an outdoor area of 503 SF and the…
Terranova’s Dynamic Duo Lend Their Talents to The National Parkinson Foundation
MIAMI BEACH, FL – August 4, 2015 – If there is one thing Terranova has an abundance of, it’s influential women. This month we once again praise two of our finest, Mindy Mcilroy and Karen Maerovitz for being awarded a prestigious honor and for making such a large impact on our community. Mcilroy, executive vice president and Maerovitz, commercial associate at Terranova are no strangers to positively impacting their communities. Mcilroy was recently named a…
Anthropologie Activates North Lincoln Lane.
MIAMI BEACH, FL – July 29, 2015 – Lincoln Road, Miami’s most famous landmark, an eight block expanse of shopping, dining, and entertainment is expanding due to the high demand from national retailers. Anthropologie will relocate to a new building set to break ground later this year. Terranova has signed a 10-year lease with Anthropologie for 11,788 square feet at the proposed redevelopment at 801 Lincoln Road and is expected to open Fall 2016. Founded…
Brazilian Active Wear Coming to Lincoln Road
MIAMI BEACH, FL – July 29, 2015 – The fitness industry in the U.S. has exploded the past few years making it the largest gym industry in the world, followed only by Brazil. This boom has created a demand for activewear that is not only functional but also fashionable. Brazilian based brand Live! has embraced this fitness phenomenon with their first U.S. location coming to Lincoln Road. Terranova has signed a 1-year lease with Live!…
O Bag Brightens up Lincoln Road
MIAMI BEACH, FL – July 28, 2015 – Miami Beach is a melting pot of different cultures and nationalities and if you think gelato and pasta are the only Italian things you can get on the beach, think again. The Italian accessories brand, O Bag is bringing its international flare to world famous Lincoln Road. O Bag has signed a 5-year lease with Terranova for 675 square feet at 830 Lincoln Road in Miami Beach…
Gateway Town Center Adds Papa John’s to The Tenant Mix
MIAMI BEACH, FL – July 24, 2015 – One of America’s favorite delivery and carryout pizzerias, Papa Johns, is coming soon to Gateway Town Center, bringing better ingredients and better pizza to the Northside Community of Jacksonville. Terranova, on a quest to bring new tenants to Gateway, has signed a 5-year lease with Papa Johns for 1,852 square feet at 5902-5 Norwood Avenue in Jacksonville projected to open early winter 2016. “The arrival of Papa…
Tumi Packs up and Heads to Lincoln Road
MIAMI BEACH, FL – July 6, 2015 – When was the last time you went on a trip? If the answer is “It’s been too long,” maybe it’s time to book that ticket and visit the new TUMI store coming soon to the world famous Lincoln Road. Miami is among one of the busiest travel destinations in the world and with this in mind, Terranova has signed a 3 year lease with TUMI, for 1,176…
Piola Pizzeria Brings in The Dough for Suniland
MIAMI BEACH, FL – July 1, 2015 – Pizza lovers, you are in luck. Terranova has signed a 10-year lease with Piola for 2,517 square feet at 11421 South Dixie Highway in Suniland Shopping Center, the premier shopping center in the heart of Pinecrest. The location is projected to open Fall 2015. Piola was founded in Treviso, Italy in 1986 by the Carniato brothers who decided to build a brick pizza oven in their parent’s…
False Lashes Beware…Amazing Lash Studio Is Opening 1st Location in Miami
MIAMI BEACH, FL – June 30, 2015 – Are you tired of using coat after coat of thick mascara to get bold and beautiful lashes? If so, there’s a more convenient lash solution coming to Miami-Dade called Amazing Lash Studio. Terranova’s commercial associate Karen Maerovitz is the exclusive broker who represented Amazing Lash Studio in their 5-year 2,391 square foot deal at Miracle Marketplace. Their new location in Miracle Marketplace, among other national retailers such…
Hats off to Goorin Bros
MIAMI BEACH, FL – June 19, 2015 – With the sun shining so brightly this summer it is almost a necessity to have a stylish hat to block out the sizzling Miami sun and with Goorin Bros opening this week on Lincoln Road you can buy a new custom had fit for any occasion. Goorin Bros just opened its first Florida store at 612 Lincoln Road on June 19th at 3:00 pm. The grand opening…
Nail Studio Triples in Size At Palm Plaza
MIAMI BEACH, FL – June 18, 2015 – Have you ever kept your favorite tiny nail salon a secret for fear that the word would get out and you would have to fight for an appointment in their tightly booked schedule? Worry no more because Nail Studio is opening a new larger location in Palm Plaza. Terranova has signed a 5-year lease with Nail Studio for 3,014 square feet at 16927 NW 67th Avenue in…
Florida Community Bank Moves to New Larger Location
MIAMI BEACH, FL – June 9, 2015 –Suniland Shopping Center is no stranger to successful tenants and Florida Community Bank is no exception with its upcoming relocation to a much larger space within the shopping center. Terranova has signed a 5-year lease with Florida Community Bank (FCB) for 1,607 square feet at 11315 S. Dixie Highway in Suniland Shopping Center, the premier shopping center in the heart of Pinecrest. Their new location is expected to…
Matsuri Rolls onto Miracle Mile with New Sushi Concept
MIAMI BEACH, FL – May 6, 2015 –A revolution is sweeping the nation as a wave of health conscious young adults are demanding fresher and healthier options when eating out. Many have turned to Japanese cuisine, known for its dietary qualities, to solve this fast food fiasco. Terranova has embraced this health trend and signed a 7-year lease with new-to-market Matsuri Japanese Sushi Restaurant for 2,840 square feet at 230 Miracle Mile, formally occupied by…
Miami Goes Blue for Parkinson’s
MIAMI BEACH, FL – April 2, 2015 – Why is Miami turning blue? It’s not because we’re down or sad, but instead we are celebrating Parkinson’s Awareness month during April. As the presenting sponsor for Moving Day® Miami, National Parkinson Foundation’s (NPF) annual fundraising event, Team Terranova has launched 30 Shades of Blue where we will be hosting 30 events in 30 days to “Fun” raise for NPF. You may think we’re crazy, but we’re…
Terranova Brings Home the Bacon with Piggy’s for Parkinson’s
MIAMI BEACH, FL – March 24, 2015 – Why are pigs taking over Miami? Because as the presenting sponsor for Moving Day® Miami, National Parkinson Foundation’s annual fundraising event, Team Terranova has launched Pennies for Parkinson’s during Parkinson Awareness month in April! How does it work? Your favorite local businesses will host piggy banks inside their locations during the month of April. Each piggy bank is identified with the National Parkinson Foundation and Terranova logos.…
Blow Dry Bar Heats up Miracle Mile
MIAMI BEACH, FL – March 20, 2015 – The Blow Bar, a phrase unknown to the male demographic, but certainly one that the women of America are well versed in as a ‘quick-stop’ hair regiment, has a new player in South Florida, Cherry Blow Dry Bar. Terranova has embraced this hot trend and has signed a 7-year lease with Cherry Blow Dry Bar for 1,365 square feet at 210 Miracle Mile, projected to open in…
Do We Want Modern Vietnamese Cuisine in Miami? Phuc Yea!
MIAMI BEACH, FL – March 16, 2015 – After several years of providing authentic Vietnamese food as the original pop-up restaurant of Miami, Phuc Yea! responded to the overwhelming demand to bring back their modern Vietnamese cuisine and is slated to open its permanent restaurant at 7100 Biscayne Boulevard, in the former Moonchine space. Partners Caesar Zapata and Aniece Meinhold have been working diligently the past few years not only building their other restaurant, The…
Terranova’s Karen Maerovitz Joins the Icsc South Florida Committee
MIAMI BEACH, FL – March 12, 2015 – Terranova is proud to announce the recent addition of our very own commercial associate, Karen Maerovitz to the ICSC South Florida Committee, where she will bring her event planning and logistical skills to the South Florida Idea Exchange conference. In addition to becoming a committee member for ICSC South Florida, for the past year, Maerovitz has served on the ICSC Miami Dade Next Generation Committee, ICSC’s educational,…
Move Over Cupcakes, Macarons are Coming to Town
MIAMI BEACH, FLORIDA –February 23, 2014 –Cupcakes have taken over the dessert world for the past decade, but a new treat is on the rise and is opening up shop throughout the U.S. The nation is now satisfying their sweet tooth with macarons - a pillowy, dainty, and luxurious French cookie. Terranova Corporation has embraced this sweet trend and has signed leases for macaron bakeries in three properties throughout Miami, with the most recent addition…
Gyu-Kaku Japanese BBQ Coming to Suniland Shopping Center
MIAMI BEACH, FL – January 22, 2015 – Terranova Corporation is pleased to announce it has signed Gyu-Kaku Japanese BBQ to Suniland Shopping Center, a deal that marks the growing chain's second location in Miami-Dade county. Gyu-Kaku Japanese BBQ has signed a 10-year lease for 3,061 square feet at 11327 South Dixie Highway. Gyu-Kaku Japanese BBQ, meaning “horn of the bull,” will bring Japanese barbeque to Pinecrest later this year. “Pinecrest has been somewhat underserved…
Nutrition Empire Opening at Gables Ponce
MIAMI BEACH, FL – December 15, 2014 – Terranova Corporation celebrates Nutrition Empire opening at Gables Ponce, a mixed-use project located at the intersection of LeJeune Road and Ponce DeLeon Boulevard in Coral Gables, Florida Nutrition Empire’s first retail store location will carry over 550 of the top health and wellness brands and the hottest sports nutrition and dietary supplement products. The specialty retailer’s new location opens its doors today at 4583 Ponce DeLeon Blvd…
Lincoln Road Properties Slated for Redevleopment
MIAMI BEACH, FLORIDA –December 4, 2014 –“Lincoln Road is the premier retail street in the Southeast U.S., and demand for space is virtually popping the ceiling off the top of these historic structures, literally,” says Stephen Bittel, chairman of Terranova Corp., whose properties on Lincoln Road are slated for vertical expansion in order to meet pent up demand. Putting vision into action, Terranova is pursuing the redevelopment of its buildings into multi-story structures that will…
Terranova Signs Lime Fresh Mexican Grill First Location in Palm Beach County
MIAMI BEACH, FLORIDA –November 3, 2014 –Terranova Corporation is pleased to announce the addition of Lime Fresh Mexican Grill to Shadowwood Square in Boca Raton, a deal that marks the growing chain's entry in Palm Beach County. Lime Fresh has signed a 10-year lease for a 2,010 square foot end cap space at Shadowwood, a thriving center at 9789 Glades Road. The new Lime location in west Boca Raton is projected to open in Spring…
Terranova Signs Lease with Goorin Bros on Lincoln Road
MIAMI BEACH, FLORIDA –October 28, 2014 –Terranova Corporation is pleased to announce it has signed a deal with Goorin Bros, a traditional custom hat boutique at 612 Lincoln Road in Miami Beach, Fla. Goorin Bros has signed a lease for a 1,262 square foot store projected to open March 2015. The deal brings Goorin Bros first store to Florida as the century old, family owned brand brings back the personal and bespoke experience of buying…
Melissa Shoes Expanding on Lincoln Road
MIAMI BEACH, FLORIDA –October 22, 2014 –Terranova Corporation celebrates the upcoming relocation and expansion of Melissa Shoes on Lincoln Road, giving the popular Brazilian shoemaker a larger presence on South Florida's premier retail high street. Come October 25th, Melissa Shoes will sell its innovative designer-styled shoes in its new 918 square foot store at 821 Lincoln Road, Miami Beach, FL. The Brazilian retailer's move follows a successful one-year stint in a pop-up space at 830…
Terranova Signs Deal With Wells Fargo
MIAMI BEACH, FLORIDA –October 1, 2014 –Terranova Corporation is pleased to announce the addition of Wells Fargo to the Shoppes of Ives Dairy, a 25,000 square foot center in Miami Gardens, Florida. The San Francisco-based banking giant signed a 5-year lease for 826 square feet at 19809 NW 2nd Avenue. With over 12,000 ATMs coast to coast, the new Wells Fargo ATM is projected to launch February 2015. “Wells Fargo was looking for additional exposure…
Youfit Health Club and Opening at Gateway Town Center
MIAMI BEACH, FLORIDA –September 30, 2014 –Terranova Corporation celebrates Youfit Health Club opening at Gateway Town Center, a landmark Publix- anchored shopping center on Norwood Avenue off of Golfair Boulevard and I-95 in Jacksonville, Fla. Duval County will soon welcome Jacksonville’s first Youfit Health Club. The fitness company’s new location opened its doors at 5290-2 Norwood Avenue. “We are thrilled to already have over 1,000 pre-registered members making it the largest pre-sale in the country,”…
Terranova Makes Moving Day® History with $100,000 Donations for The National Parkinson’s Foundation
MIAMI BEACH, FLORIDA –September 5, 2014–Moving Day®, National Parkinson Foundation’s annual fundraising event, has hit an amazing milestone! For the very first time in Moving Day® history, a single team has reached a $100,000 in donations. That team is Terranova Corporation. But Team Terranova did not stop there. In addition to becoming the presenting sponsor for Moving Day® Miami, Team Terranova hosted Cocktails for a Cause during the ICSC Florida Conference in Orlando on August…
Terranova Closes Record $342 Million Lincoln Road Sale
MIAMI BEACH, FLORIDA –August 19, 2014 –In one of the largest deals in South Florida history, Miami Beach based Terranova Corporation announced the sale of its 6 building portfolio of Lincoln Road area assets for $342 million. The properties were assembled over the past three and one half years at a cost of $191 million. The buyer is Morgan Stanley Real Estate Investing, along with affiliates of Terranova. Terranova Chairman, Stephen H. Bittel, termed the…
Terranova Signs Outparcel Deal With Buffalo Wild Wings
MIAMI BEACH, FLORIDA –August 7, 2014 –Terranova Corporation is pleased to announce it has signed Buffalo Wild Wings to a soon to be developed outparcel at 1601 N Congress Avenue, in Boynton Beach, Florida. Buffalo Wild Wings has signed a 10-year lease for a 6,800 square foot restaurant. With locations in every state and continuing to grow internationally, the new Boynton Beach location is projected to open its doors in December 2014. When touring with…
It’s Time For Miami To Get “Movin To The Beat” For Parkinson’s Disease
MIAMI, FLORIDA –August 7, 2014 –The National Parkinson Foundation (NPF) in partnership with South Florida Chapter is holding Moving Day®, a fundraising walk for Parkinson’s disease (PD) in Miami. Moving Day® Miami presented by Terranova Corporation will be held at Bayfront Park on Sunday, October 5th, 2014 starting at 8:30am. The money your community raises through Moving Day® will help improve the lives of PD patients and families affected by the disease. Each walk will…
Terranova Signs Gbs The Beauty Store Expansion In Suniland Shopping Center
MIAMI BEACH, FLORIDA – June 30, 2014 – Terranova Corporation is pleased to announce it has signed GBS The Beauty Store in Suniland Shopping Center, an 82,000 square foot property in Pinecrest, Fla. GBS The Beauty Store has signed a 5-year lease to increase their space from 2,300 to 4,084 square feet. The Suniland Shopping Center GBS The Beauty Store is open in its current location at 11297 South Dixie Highway in full view of…
Terranova Corporation Receives 2014 Best of Miami Beach Award
MIAMI BEACH, FLORIDA –June 5, 2014 –Terranova Corporation has been selected for the 2014 Best of Miami Beach Award in the Property Management category by the Miami Beach Award Program. Each year, the Miami Beach Award Program identifies companies that we believe have achieved exceptional marketing success in their local community and business category. These are local companies that enhance the positive image of small business through service to their customers and our community. These…
Terranova Corporation Receives 2014 Miami Award
MIAMI BEACH, FLORIDA –June 5, 2014 –Terranova Corporation has been selected for the 2014 Miami Award in the Real Estate Managers category by the Miami Award Program. Each year, the Miami Award Program identifies companies that we believe have achieved exceptional marketing success in their local community and business category. These are local companies that enhance the positive image of small business through service to their customers and our community. These exceptional companies help make…
Terranova Signs Youfit Health Club In Gateway Town Center
MIAMI BEACH, FLORIDA –May 8th, 2014 –Terranova Corporation is pleased to announce it has signed Youfit Health Clubs at Gateway Town Center, a landmark Publix-anchored shopping center at 5000-7 Norwood Ave. in Jacksonville, Fla. Youfit has signed a 10-year lease for 17,678 square feet. The new facility is projected to open by August 2014, bringing Youfit's first location in Jacksonville. "This deal is a fabulous component of our fresh vision for Gateway Town Center," said…
Terranova Signs Lease With Melissa Shoes On Lincoln Road
MIAMI BEACH, FLORIDA –June 3, 2013 – Terranova Corporation is pleased to announce it has signed a deal with Brazilian shoe retailer Melissa Shoes, which will sell its fashion forward designer-style jelly shoes in a forthcoming store at 830 Lincoln Road in Miami Beach. The deal brings Melissa’s first store in Florida as the shoe brand is exploding onto the fashion scene through other retailers, including Neiman Marcus and Saks Fifth Avenue. Melissa is the…
Terranova Signs Lease With Le Macaron For Miracle Mile
MIAMI BEACH, FLORIDA – April 3, 2013 – Terranova Corpora is pleased to announce it has signed a deal with sweets shop Le Macaron French Pastries, which will sell its signature almond-meringue based confections out of a new location on Coral Gables’ Miracle Mile. Le Macaron signed a three-year deal for 1,497 square feet at 208 Miracle Mile, where it is projected to open in fourth quarter 2013. Terranova Executive Vice President Mindy McIlroy and…
Terranova leases space for temporary gap store in lincoln road district
MIAMI BEACH, FLORIDA – November 27, 2012 – Terranova Corporation is pleased to announce it has signed a lease with Gap, providing a temporary store for the popular retailer while it builds its new multi-story location on Lincoln Road. Terranova executive vice president Mindy McIlroy and leasing director Isabelle Courtial represented the landlord in the transaction. Gap will open a new location just off Lincoln Road at 1669 Meridian Ave., two blocks away from Gap’s…
Terranova Leases Nearly 10,000 Square Feet
MIAMI BEACH, FLORIDA – October 10, 2012 – Terranova is pleased to announce the opening of new tenants in seven South Florida shopping centers, part of a continuous string of deals the company has signed in 2012. • The Habit Art!, an independent retailer specializing in original, high-end women’s accessories from Latin American designers, is opening a 609 square foot location on the ground floor of Cocowalk, at 3015 Grand Ave. in Coconut Grove. •…
New Tenants at Polo Club Shoppes Bring Easy Flair and New York Flavor to Boca Raton
MIAMI BEACH, FLORIDA – July 20, 2012 – Terranova Corporation is pleased to announce the addition of three new tenants in Polo Club Shoppes, a Publix-anchored center serving the Polo Club community in Boca Raton. Manhattan Joe’s Pizzeria, a neighborhood restaurant that brings a taste of New York’s casual Italian fare down south, will open a 753 square foot restaurant this fall; Blo and Go, a new entry in the emerging hair care category of…
Terranova Closes $3.7 Million, 27,000 Square-Foot Lease For Health Management Associates in Sarasota, Fl
SARASOTA, FLORIDA – March 26, 2012 - Terranova closes a $3.7 million lease for Hospital Management Associates, Inc., a subsidiary of Naples based Health Management Associates, Inc. (HMA), in the Sarasota Commerce Center II located at 101 Arthur Andersen Parkway Sarasota, FL 34232. Terranova Senior Associate, Bob Travis, represented the tenant in the 27,000 sq. ft. lease. “We are delighted to have facilitated the relocation of Health Management Associates’ new Florida Regional Service Center to…
Terranova Scores $22.5 Million Refinance For Suniland Shopping Center
MIAMI BEACH, FLORIDA – February 21, 2012 - Terranova Capital Corp. is proud to announce the $22.5 million refinance of the 82,000 sq. ft. Suniland Shopping Center located at 11325 South Dixie Highway Pinecrest, FL 33156. The new loan provided by PNC Corp. was used to satisfy an existing much smaller loan from a life insurance company, and generate significant excess proceeds. The property is owned by Suniland Associates Ltd., an affiliate of Terranova, which…
Terranova Welcomes Dream Getaways USA to Palm Plaza
MIAMI BEACH, FLORIDA – February 2, 2012 – Terranova is proud to announce the addition of Dream Getaways USA to Palm Plaza located at 16847 NW 67th Avenue, Miami, FL 33015. Dream Getaways USA joins the Palm Plaza tenant list as its first vacation destination retailer. Terranova leasing agent, Andrei Pintilie represented the landlord. Dream Getaways USA relocated from an office building to an 861 sq. ft. store-front location in Palm Plaza to benefit from…
Terranova Brokers $20 Million Loan for Paraiso Parc
MIAMI BEACH, FLORIDA – July 5, 2011 – Terranova Capital Corporation has brokered a $20 million loan for power shopping center Paraiso Parc, 15701 & 15729 Pines Boulevard, Pembroke Pines on behalf of its affiliated venture partners. In this challenging economic environment lender MetLife loaned on a quality asset with top sponsorship. The favorable financing speaks to the strength of the well maintained A+ quality investment property. Paraiso Parc was originally purchased in an all…
Terranova Represents Boca Office Building in $13 Million, 61,500 Sq Ft Renewal Deal with Lexisnexis
BOCA RATON, FLORIDA - May 12, 2011 - Terranova Corporation is proud to announce that LexisNexis has signed a 10-year lease renewal at Meridian Commercial Office Complex located at 6601 Park of Commerce Boulevard in Boca Raton, Florida. Terranova Senior Commercial Associate Gordon Messinger represented the landlord in the 61,524 square foot transaction valued at over $13 million. LexisNexis is a leading global provider of content-enabled workflow solutions designed specifically for professionals in the legal,…
Terranova Represents Anna’s Linens in Four New Deals for 40,000 Sf
MIAMI BEACH, FLORIDA - March 1, 2011 - Terranova has closed four new retail locations for exclusive tenant representation client Anna’s Linens. Terranova is Anna’s exclusive broker for Miami-Dade, Broward, and Palm Beach counties. A team of Terranova professionals including Michael Blue, Daniel Diaz, and Stephen Bittel represented Anna’s Linens in closing four new deals occupying nearly 40,000 square feet of retail space. The new deals mark a big push in Anna’s business growth in…
Terranova Awarded Exclusive Leasing Assignment for Urban Cocowalk Project in Coconut Grove
MIAMI BEACH, FLORIDA – May 6, 2011 – Terranova Corporation has been awarded the exclusive leasing assignment for premier open-air lifestyle center CocoWalk, 3015 Grand Avenue, Coconut Grove. CocoWalk, is the original urban retail location in the core of Coconut Grove, is located in a residential enclave in the central eastern section of Miami-Dade County. The area is highly favored for its superior location just east of U.S. 1 within an easy drive of other…
Retail Rocks as Terranova Puts up Huge 1st Quarter Numbers
MIAMI BEACH, FLORIDA - March 31, 2011 - With 13 leases for approximately 100,000 square feet worth $10 million, Terranova is on a roll as the quarter comes to a close. Terranova Corporation’s leasing team is on fire with a streak of 13 retail leasing deals totaling 100,000 sq feet and valued at over $10 million all done within the last 60 days. Leases have been done throughout the tri-county area with the majority inked…
Terranova Launches Home Grown Farmers’ Market at Biscayne Plaza
MIAMI BEACH, FLORIDA - March 10, 2011 - Terranova invites the community to come by Biscayne Plaza Shopping Center this Saturday, February 19th for the soft launch of “The Upper Eastside Farmer’s Market at Biscayne Plaza.” This seasonal market, taking place every Saturday from 9:00 AM to 2:00 PM, beginning February 19, 2011 and ending May 28, 2011, will feature a variety of locally grown fresh produce, fresh tropical juices prepared on site, artisan breads,…
Terranova adds Healthy Quick Service Choice ‘Energy Kitchen’ to Suniland Shopping Center
MIAMI BEACH, FLORIDA - March 8, 2011 - Terranova is pleased to announce that health-conscious fast food chain Energy Kitchen has selected Suniland Shopping Center as its first location in South Florida. The approximately 2,500 square foot long term deal was brokered by Terranova Executive Vice President Mindy McIlroy. Energy Kitchen, a health-conscious quick service restaurant that currently operates 10 restaurants in the New York City area, serves nothing over 500 calories and believes that…
Terranova adds 24,000 Square Foot Grocer to Biscayne Plaza
MIAMI BEACH, FLORIDA - March 8, 2011 - Terranova is pleased to announce the addition of a new anchor tenant to Biscayne Plaza Shopping Center. Sabor Tropical Supermarket joins the shopping center in a long-term, approximately 24,000 square foot deal brokered by Terranova Executive Vice President Mindy McIlroy. Sabor Tropical will replace Presidente Supermarket as the Biscayne Plaza location will be Sabor Tropical’s fifth South Florida store. Sabor Tropical is required to renovate the interior…
Terranova Signs Navarro Discount Pharmacy to 16,000 sq ft at Westfork Plaza
MIAMI BEACH, FLORIDA - March 8, 2011 - Terranova Corporation is proud to announce the addition of Navarro Discount Pharmacy to Westfork Plaza, 15825 Pines Blvd, Pembroke Pines. The ten-year, approximately 16,000 square foot deal was broker by Terranova Executive Vice President Mindy McIlroy. Navarro’s is the largest Hispanic-owned drugstore chain in the United States and believes that future growth lies in the ability to attract a wider range of consumers and carve out its…
Terranova / Acadia Buy 3 Buildings in $52 Million Lincoln Road Deal
MIAMI BEACH, FLORIDA - February 17, 2011 - Joint venture affiliates of Terranova Corporation and Acadia Realty Trust (NYSE: AKR) have closed on a landmark three building deal for the acquisition of 741 Lincoln Road, 600 Lincoln Road, and 723 North Lincoln Lane in sunny Miami Beach. The approximately $52 million deal for the three properties adds a little over 61,000 square feet to their growing urban street front retail portfolios. Current tenants at the…
Terranova Leases to Don Patacón at Bird Village Plaza
MIAMI BEACH, FLORIDA - December 21, 2010 - Terranova Corporation is pleased to announce the addition of Don Patacón Colombian Restaurant to Bird Village Plaza, a 16,583 square foot shopping center located at 14713 SW 42nd Street. The 5 year deal secures a 1,135 square foot space for Don Patacón. Rafael Romero, Terranova Commercial Associate, represented the landlord in the transaction. This is just one of many recent additions to the center further displaying the…
Terranova Launches Arts Incubator at Suniland Shopping Center
MIAMI BEACH, FLORIDA - November 23, 2010 - Suniland Shopping Center, 11325 South Dixie Highway, Pinecrest, is now home to the first Terranova Arts Incubator resident, award winning artist Phil Fung. The Terranova Arts Incubator is a “pop-up shop” program that offers vacant retail space at subsidized rates to hand-selected designers, artists, artisans, curators and creatives. The Arts Incubator program aims to foster a mutually beneficial relationship between commercial real estate developers and the growing…
Nearly 8,000 Square Feet Leased in 3 Months at Sheridan Center
MIAMI BEACH, FLORIDA - June 9, 2010 - Terranova Corporation was named the exclusive listing agent for Sheridan Center, 400 Arthur Godfrey Road, and in only 3 months has leased nearly 8,000 square feet of office space. Terranova Corporation, South Florida’s leading commercial real estate advisory firm, currently is involved with commercial real estate assets for its clients and its own portfolio valued at over $1 billion. The company offers complete commercial real estate services,…
American Laser Centers Join Terranova’s Glades Twin Plaza
MIAMI BEACH, FLORIDA - June 9, 2010 - American Laser Centers joins Glades Twin Plaza in a 5 year deal valued at $340,000, brokered by Terranova Senior Commercial Associate Gordon Messinger. Terranova Corporation, South Florida’s leading commercial real estate advisory firm, currently is involved with commercial real estate assets for its clients and its own portfolio valued at over $1 billion. The company offers complete commercial real estate services, including asset and property management, leasing,…
Econocaribe Leases 144,000 Sf at Airport Distribution Center
MIAMI BEACH, FLORIDA - June 8, 2011 - Terranova Corporation is pleased to announce the signing of a new 144,000 square foot tenant, Econocaribe, Inc., at its Airport East Distribution Center. Terranova Corporation, South Florida’s leading commercial real estate advisory firm, currently is involved with commercial real estate assets for its clients and its own portfolio valued at over $1 billion. The company offers complete commercial real estate services, including asset and property management, leasing,…
Terranova Represents Weston Corporate Centre in $2.3 Million Deal with General Services Administration
MIAMI BEACH, FLORIDA - May 13, 2010 - Terranova Corporation is proud to announce that The General Services Administration has signed a 10 year lease at Weston Corporate Centre located at 2700 South Commerce Parkway in Weston, Florida. Terranova Senior Commercial Associate Gordon Messinger represented the landlord in the 6,612 square foot transaction valued at over $2.3 million. Terranova Corporation, South Florida’s leading commercial real estate advisory firm, currently is involved with commercial real estate…
Terranova signs $1.3 Million Deal with Professional Bank in Coral Gables
MIAMI BEACH, FLORIDA – April 17, 2008 – Terranova Corporation represented Professional Bank, a new locally owned community bank that will be headquartered in Coral Gables, Florida at the Plaza San Remo at 6705 Red Road. Plaza San Remo is a new seven-story, 180,000-square foot, mixed-use development that also includes medical-office condominiums and a 739 space structured parking garage.
Terranova Negotiates four Office Leases in Weston Valued at over $5.6 Million
MIAMI BEACH, FLORIDA – March 25, 2008 – Terranova Corporation has completed four lease deals at the Weston Corporate Centre in Weston, Fla., securing tenants that will occupy 23,864 square feet.
Terranova Signs 1st Deal for New to Florida Furniture Retailer, Eq3, at Midtown Park Valued at $3.8 Million
MIAMI BEACH, FLORIDA – March 25, 2008 – Terranova Senior Commercial Associate, David Preston represented the tenant in the 10 year, 11,000 square foot lease. This marks the first freestanding store for the retailer in the state. EQ3 will open its doors 4th quarter 2008 at Midtown Park located at 3466 North Miami Avenue.
Terranova Signs 1st Florida South Florida Publix Apron’s Cooking School at Polo Club Shoppes, Boca Raton
MIAMI BEACH, FLORIDA – March 20, 2008 – Terranova is proud to announce the signing of the first Publix Apron’s Cooking School in South Florida as a tenant at Polo Club Shoppes, located at 5050 Champion Blvd., Boca Raton, FL.
Terranova Brokers $19.47 Million Industrial Deal
MIAMI, FLORIDA - November 19, 2007 - Terranova Corporation represented the buyer, BlackRock Realty in its acquisition of the AeroTurbine Facility in Miami, Florida. Capital Commercial Group represented the seller, Enbee Capital LLC.
Miami Eurowax Brings Exclusive French Wax to Pinecrest Citizens
MIAMI BEACH, FLORIDA – Nov. 6, 2007 – Now open in Suniland Shopping Center, located at 11427 South Dixie Highway, Miami EuroWax is an alternative to the hassles of going to the mall. Conveniently situated between Dadeland Mall and The Falls Shopping Center, Miami EuroWax is a brand new, contemporary and sparkling clean waxing facility, offering a unique French wax to the citizens of Pinecrest.
Terranova Assigned Leasing and Management of Boca Raton Office Complex
MIAMI BEACH, FLORIDA - Oct. 22, 2007 – Terranova Corporation is pleased to announce it has been assigned the leasing and management of Meridian Commercial, a two-building office complex in thriving Boca Raton.
Terranova Capital Markets Activities Reach $271 Million in First Half
MIAMI BEACH, FLORIDA – July 12, 2007 – Terranova Corporation’s Capital Markets activities have made a major impact in the first half of 2007, reaching $271 million in sales and acquisitions in South Florida. During the past six months Terrranova has led sales or acquisitions for Concord Shopping Center, Kendall Mall, Paraiso Parc, Flagler Park Plaza and Grande View Apartment Homes.
Terranova Represents Donald J. Pliner in $5.5 Million Miami-Dade Warehouse Deal
MIAMI, FLORIDA – June 30, 2007 – Terranova senior commercial associate Gordon Messinger represented Donald J. Pliner of Florida in a $5.5 million deal for an office and warehouse distribution center in South Florida. The building is located at 10800 NW 97th Street, Miami, Fla., within the Flagler Station Business Park.
Terranova Announces Opening of D.D. Flats in Boca, A New Restaurant Concept for South Florida
MIAMI BEACH, FLORIDA – JUNE 15, 2007 – Terranova Corporation recently signed a lease at Polo Club Shoppes for a new and unique restaurant concept, D.D. Flats Wine Bar and Flatbread Company, which is slated to open its doors June 19th 2007.
Terranova Brokers $95 Million Sale Of Flagler Park Plaza
MIAMI BEACH, FLORIDA – April 24, 2007 – Terranova Corp. announced the sale of Flagler Park Plaza today on behalf of an institutional client. The Publix-anchored, 350,000-square foot shopping center in Miami, Florida, sold for $95 million or $271 per square foot. The buyer was KIMCO Realty Corporation (NYSE: KIM).
Terranova Signs Over $1.6 Million in Leases at The Newly Renovated Suniland Shopping Center
MIAMI BEACH, FLORIDA – April 19, 2007 – Suniland Shopping Center, one of the top performing centers in South Florida has completed a major renovation to update the look of the already successful shopping center. Given its great location at S. Dixie Highway and 112th Street in the affluent Village of Pinecrest, Suniland Shopping Center is now adding three more tenants to its tenant mix bringing the center to 97% occupancy. Terranova Corporation’s Senior Vice…
Terranova / Blackrock Joint Venture Acquire $39 Million Paraiso Parc
MIAMI BEACH, FLORIDA – March 21, 2007 – A joint venture between Terranova and BlackRock Realty Advisors has paid $39 million to acquire the brand new Paraiso Parc, a new Publix-anchored shopping center in the heart of southwest Broward County, Florida. The deal closed March 15.
Terranova Awarded Management and Leasing for $88 Million Kendall Mall
MIAMI BEACH, FLORIDA – March 15, 2007 - Terranova has been awarded the management and leasing of the 300,000 square foot Kendall Mall, just acquired by American Realty Advisors for approximately $88 million.
Terranova Signs $1.6 Million Bb&T Bank Deal for Hollywood Station
MIAMI BEACH, FLORIDA – February 11, 2007 – Terranova Corporation has signed regional bank BB&T Corporation (NYSE:BBT) as a tenant at Hollywood Station, a new mixed-use residential and retail development in the heart of Downtown Hollywood in Broward County.
Terranova Signs Nearly $2 Million Lease With Abc Fine Wine and Spirits at Doral Plaza
MIAMI BEACH, FLORIDA – February 11, 2007 – ABC Fine Wine & Spirits, the country's largest privately owned fine wine and spirits retailer, is joining the tenant mix at Doral Plaza, a deal that brings the Miami-Dade shopping center to 100 percent occupancy.
Terranova Retained to Sell Flagler Park Plaza
MIAMI BEACH, FLORIDA – January 24, 2007 – Terranova Corporation has been granted the exclusive right to sell Flagler Park Plaza, a 350,000 square foot Publix anchored shopping center located at 118221 W. Flagler Street, Miami, FL.
Terranova Signs 4 Deals for over 5,000 Square Feet at Parkhill Plaza, Miami
MIAMI BEACH, FLORIDA – January 17, 2007 – Terranova Corporation has negotiated four commercial leases at Parkhill Plaza, a 112,448 square foot shopping center located at 9465 West Flagler Street in Miami, bringing the center to just over 81% occupancy.
Terranova Adds D.D. Flats Restaurant to Boca Tenant List
MIAMI BEACH, FLORIDA – January 15, 2007 – Terranova Corporation has signed a 7-year lease at the Polo Club Shoppes for a new restaurant concept called D.D. Flats International Café and Flatbread Company.
Terranova Brokers $48.4 Million Sale of Concord Shopping Plaza
MIAMI BEACH, FLORIDA – January 9, 2007 – Terranova announced the sale of Concord Shopping Plaza today on behalf of an institutional client. The 300,000 square foot shopping center located at 11381 Southwest 40th Street Miami, Florida sold for $48,434,500 or $218 psf for the fee portion plus some land leased to Winn Dixie. The property was acquired by Equity One (NYSE: EQY). Terranova’s Capital Markets Division, led by Chairman, Stephen Bittel and Commercial Associate,…
Staples Opens at Pompano Marketplace
MIAMI BEACH, FLORIDA – January 5, 2007 – Terranova Corporation is pleased to announce the grand opening of Staples, the office supplies superstore, at Pompano Marketplace lease located at 1151 South Federal Highway in Pompano Beach.
Terranova Closes $22 Million in Financing for Two Miami-Dade Shopping Centers
MIAMI BEACH, FLORIDA – January 4, 2007 – Terranova Corporation closed mortgage financing for two of its Miami-Dade Shopping centers totaling $22 million. Both deals allowed the local ownership groups to unlock significant equity from the properties while obtaining long term fixed interest rates.
Terranova Completes new 132,454 sf Class a Office Building in Doral
MIAMI BEACH, FLORIDA – January 3, 2007 – Terranova Corporation has completed construction on a Class-A office building at Doral Costa Office Park in the newly incorporated city of Doral.
Sunglass hut Signs Five Year Lease in Coral Gables
MIAMI BEACH, FLORIDA – November 1, 2006 – Sunglass Hut International, North America's largest retailer of designer sunglasses, has joined the growing list of retail chains on Miracle Mile- the signature street of downtown Coral Gables, known for designer and bridal shops, art galleries, restaurants and live theatre.
Anthony’s Coal Fired Pizza is Now Open for Business at Pompano Plaza Marketplace
MIAMI BEACH, FLORIDA – October 23, 2006 – Terranova Corporation is pleased to announce the grand opening of Anthony's Coal Fired Pizza at Pompano Marketplace, making this their fourth location in South Florida.
Terranova Center Hits 100 Percent Occupancy With a Five Year Rent-A-Center Lease
MIAMI BEACH, FLORIDA – October 23, 2006 – Terranova Corporation has signed a lease with furniture rental chain Rent-A-Center at Concord Shopping Center, a deal that brings the 300,000 square foot property in West Miami-Dade to 100% occupancy.
Wal-Mart Neighborhood Market to Open at Pompano Marketplace
MIAMI BEACH, FLORIDA – October 11, 2006 – Terranova Corporation is pleased to announce the addition of Wal-Mart Neighborhood Market store to Pompano Marketplace, a move that brings one of the newest grocery anchors in the industry to this South Florida market.
Terranova and Juiceblendz team up for a New Location at Suniland Shopping Center
MIAMI BEACH, FLORIDA – October 10, 2006 – JUICEBLENDZ and Terranova Corporation team up to add nutritional and healthy smoothies to Pinecrest as a tenant at Suniland Shopping Center, a deal that brings the shopping center to 96% occupancy.
Terranova Corporation Closes Two Panera Bread Deals Valued at over $3.6 Million
MIAMI BEACH, FLORIDA – October 3, 2006 – Panera Bread, one of the most popular casual restaurants in the industry today, has signed two leases with Terranova Corporation to open bakery-cafés in the Kendall and Doral markets.
Terranova / Blackrock Venture Acquires 400,000 Sf Miami Warehouse
MIAMI BEACH, FLORIDA – Sept. 13, 2006 – Terranova Corporation announced today the acquisition of a 400,000 square foot warehouse building in Miami, Fla., the first of several industrial acquisitions planned in the area.
Terranova Adds Miami-Based Mediterranean Fast Food Restaurant, Pasha’s, to Its Tenant Mix
MIAMI BEACH, FLORIDA – August 15, 2006 – Terranova Corporation has done it again by signing Miami-based Mediterranean Fast Food Restaurant, Pasha’s, as a tenant at Suniland Shopping Center, a deal that brings the shopping center to over 96% occupancy.
Terranova Gets a New Look And New Tenants at Suniland Shopping Center
MIAMI BEACH, FLORIDA – July 27, 2006 – Suniland Shopping Center, one of the best performing centers in South Florida is currently undergoing a major renovation to update the look of the already successful shopping center. Renovations are to be completed by year end 2006. Given its great location at S. Dixie Highway and 112th Street in the affluent Village of Pinecrest, Suniland Shopping Center is now adding three more tenants to its tenant mix…
Terranova’s Capital Markets Team Closes Deal For Over $6.3 Million
MIAMI BEACH, FLORIDA – July 27, 2006 – Terranova Capital Markets Director Brett Chwick continues to lead the capital markets team in closing yet another deal for 2006.
Terranova Promotes Mcilroy to Senior Vice President
MIAMI BEACH, FLORIDA – July 10, 2006 – Terranova Corporation is pleased to announce the promotion of Mindy McIlroy to Senior Vice President. In this position she will supervise Terranova’s retail leasing team, as well as continue to work directly with property owners and tenants. She currently represents Anna’s Linens and Navarro Discount Pharmacies in their expansion into Miami-Dade, Broward and Palm Beach counties.
Terranova Negotiates Three Office Leases in Delray Beach Valued at Over $4.6 Million
MIAMI BEACH, FLORIDA – May 17, 2006 – Terranova Corporation has completed three lease deals at the Arbors Office Park in Delray Beach, Fla., securing tenants that will occupy 38,347 square feet.
Terranova Scores $1.8 Million Citicorp Deal For Suniland Shopping Center
MIAMI BEACH, FLORIDA – April 27, 2006 – Terranova Corporation has done it again by signing international bank, Citibank, as a tenant at Suniland Shopping Center, a deal that brings the shopping center to over 90% occupancy.
Terranova Signs One of Nation’s Largest Commercial Banks Valued at $1.2 Million
MIAMI BEACH, FLORIDA – April 24, 2006 –Terranova Corporation has signed national commercial bank, SunTrust Bank, as a tenant at El Mercado Shopping Center, a deal that brings the shopping center to 95 percent occupancy.
Downtown Dadeland Signs South Florida’s 1st Deal With West Elm Valued At Over $8.5 Million
MIAMI BEACH, FLORIDA – April 18, 2006 – West Elm, a new retailer tapping consumer demand for casual and chic home furnishings, will open its first South Florida store at Downtown Dadeland, a soon-to-be completed mixed-use project in the heart of Kendall. Downtown Dadeland signed the 12-year lease with West Elm, valued at over $8.5 million for a 16,431-square foot space.
Terranova Engineers Over 50% Gain in Just 21 Months On $20 Million Weston Warehouse Sale
MIAMI BEACH, FLORIDA – April 14, 2006 – Terranova is please to announce the $20 million sale of the Weston Distribution Center, a 225,760 square foot office/warehouse facility with 4 acres of adjoining developable land in Broward County, between BlackRock Realty Advisors, Inc. and Becknell Properties, an Illinois general partnership. Terranova was the broker in the deal, which closed on Wednesday, April 12th.
Terranova Signs Broward’s 1st Staples Lease In Pompano Marketplace
MIAMI BEACH, FLORIDA – April 10, 2006 – Terranova Corporation has signed international retailer Staples as an anchor tenant at Pompano Marketplace, a deal that brings the shopping center to 96 percent occupancy and gives the industry-leading retailer its first Broward County location.
5th Terranova Project Hits 100 Percent Occupancy With A Floors Today Lease Valued At Over $500,000.
MIAMI BEACH, FLORIDA – March 13, 2006 – With the recent signing of a 5-year deal at Coquina Plaza, one more South Florida shopping center leased by Terranova Corporation has reached full occupancy, marking the fifth Terranova center now at 100 percent occupied.
Terranova Breaks Ground on New Class a Office Building
MIAMI BEACH, FLORIDA – January 31, 2006 – Terranova Corporation has been retained by TA Associates to build a Class-A office building at Doral Costa Office Park in the newly incorporated city of Doral.
Terranova Broker Completes Lease of Industrial Facility
MIAMI BEACH, FLORIDA – January. 2006 – Terranova Corp. has negotiated an industrial lease with Transcor of Miami Inc., a Philadelphia-based company that provides storage and distribution services for the cruise industry in South Florida.
Terranova Assigned Leasing and Management of Boca Raton Office Complex
MIAMI BEACH, FLORIDA – Jan.2006 – Terranova Corporation is pleased to announce it has been assigned the leasing and management of Glades Twin Plaza, a two-building office complex in thriving Boca Raton.
Two Terranova Office Buildings Hit 100 Percent Occupancy
MIAMI BEACH, FLORIDA – November 28, 2005 – With the recent signing of two new office leases valued at over $400,000, The HMA Building and Wachovia Financial Center in Naples, Florida now stand at 100 percent occupied. Terranova handles both leasing and management of the complex.
Terranova Signs Two Bank Deals Valued at Nearly $2.5 Million
MIAMI BEACH, FLORIDA – September 27, 2005 – Terranova Corporation has signed both Great Florida Bank and Washington Mutual as tenants in two South Florida shopping centers, with the two deals totaling $2.5 million in value.
Terranova Negotiates Office Leases for Nearly 26,000 Square Feet in Delray, Bringing Year to Date Total to 76,000 Square Feet And $9 Million in Value
MIAMI BEACH, FLORIDA – Sept. 21, 2005 – Terranova Corporation has executed leases that will bring three new tenants to the Arbors Office Park in Delray Beach, Fla., occupying a total of 25,581 square feet with a value of $3.1 million.
Blackrock Realty and Terranova Close on Largest South Florida Open-Air Shopping Center Deal This Year
MIAMI BEACH, FLORIDA – Sept. 9, 2005 – Westfork Tower LLC, joint venture between BlackRock Realty Advisors and Terranova Corp., has paid $58.4 million to acquire Westfork Plaza, a landmark shopping center in the heart of southwest Broward County, Florida. The deal, which closed Friday, September 9th, is the largest open-air shopping center transaction in the tri-county area in 2005.
Terranova Negotiates Nearly $6 Million Office Lease in Delray Beach
MIAMI BEACH, FLORIDA – August 2, 2005 – Terranova Corporation has completed negotiations for an office lease at the Arbors Office Park in Delray Beach, signing a deal worth a total value of nearly $6 million.
Terranova Brings new National Retailer to Pembroke Pines
MIAMI BEACH, FLORIDA – May 31, 2005 – Terranova Corporation is pleased to announce the completion of a lease deal with national retail clothing chain Justice for a 4,268- square foot store at Pembroke Crossing in Pembroke Pines, FL.
Terranova Inks $5.2 Million Office Depot Deal
MIAMI BEACH, FLORIDA – May 10, 2005 – Terranova Corporation has signed national retailer Office Depot as a new anchor tenant in Southport Shopping Center, a deal that marks the office supply chain’s third location in the city of Fort Lauderdale.
Terranova Signs $4 Million Officemax Deal
MIAMI BEACH, FLORIDA – May 2, 2005 – Terranova Corporation has signed OfficeMax as an anchor tenant in Westfork Plaza, a deal that brings the grocery-anchored shopping center to 100 percent occupancy and gives the retailer a second location in the fast-growing area of Pembroke Pines.
Terranova’s Chwick Inks $23.5 Million Tampa Apartment Sale
MIAMI BEACH, FLORIDA – April 13, 2005 – Terranova Capital Markets Director Brett Chwick has completed the sale of Harbor Club Downs, a 272-unit waterfront apartment community built in 1984 and located in Palm Harbor, Florida, an affluent suburb of the Tampa/St. Petersburg metropolitan area. This deal represents the first of several multifamily deals Terranova has pending to close in April, 2005.
Terranova Takes on Over $200 Million of New Projects, Totaling Over 1.25 Million Square Feet
MIAMI BEACH, FLORIDA – February 28, 2005 – Terranova Corp. has been awarded exclusive management and/or leasing representation of four South Florida shopping centers, five office buildings and eight urban street front assets. The recent string of deals adds over 1.25 million square feet to Terranova’s expanding portfolio.
Terranova Assists in Disposition of Four Circuit City Stores
MIAMI BEACH, FLORIDA – Feb. 11, 2005 – Terranova Corporation is pleased to announce it has assisted in the disposition of four South Florida Circuit City stores. Director of Leasing Erica Des Roches assisted Circuit City with these dispositions, totaling over 130,000 square feet. Circuit City closed the stores as part of the retailer’s move to improve real estate efficiency nationwide.
Terranova Negotiates Naples Office Leases Valued at Nearly $3 Million
MIAMI BEACH, FLORIDA – Jan. 21, 2005 – Terranova Corporation, exclusive leasing agent for the Wachovia Financial Center in Naples, FL, has negotiated two new leases at the property valued at nearly $3 million.
Terranova Brokers $7 Million Sale of Former Kmart to Costco
MIAMI BEACH, FLORIDA – January 7, 2005 – Terranova Corporation has completed the sale of a former Kmart store in Pembroke Pines to Costco Wholesale Inc. for $7 million.
Terranova Broker Completes Sale of Industrial Facility
MIAMI BEACH, FLORIDA – January 4, 2005 – La Fe Foods, a food processor and distributor with operations in Miami and New Jersey, has purchased an industrial facility in Miami-Dade County for over $4 million.
Terranova Sells Retail Deal for $4.8 Million
MIAMI BEACH, FLORIDA – Dec. 16, 2004 – Terranova Corporation has completed the sale of St. Cloud Square shopping center in Osceola County, FL, for $4.8 million.
Terranova Inks $1.035 Million Deal for Ihop Restaurant
MIAMI BEACH, FLORIDA – December 3, 2004 – Terranova Corporation has signed International House of Pancakes as a new tenant in Courtyard Shops of Wellington, adding one more eating option at the Publix-anchored shopping center. The restaurant chain has signed a 10-year lease for a 4,140-square foot restaurant.
Terranova Sells Retail Outparcel for $1.32 Million
MIAMI BEACH, FLORIDA – November 22, 2004 – Terranova Corp. has completed the sale of a 1.71-acre shopping center out parcel in Miami-Dade County for $1.32 million. Terranova leasing agent Hubert Chen represented the seller in the transaction. The buyer was Gastion Inc./Victory Petroleum, an operator of gas stations.
Terranova Reports Improved Shopping Center Occupancy and Rents in Palm Beach County
MIAMI, FLORIDA – Nov. 12, 2004 – Palm Beach County shopping centers, which suffered from double-digit vacancy rates at the end of 2001, have bounced back with strong occupancy and double-digit percent increases in average rent, according to a recent research study by Terranova Corp. in Miami.
Terranova Signs $707,602 Renewal in Miami-Dade
MIAMI BEACH, FLORIDA – Nov. 8, 2004 – Terranova Corporation is pleased to announce the renewal of a lease with M & M Video for a video rental store of 9,520 square feet at Palm Plaza, a shopping center in Miami, FL
Terranova Brings new National Retailer to Weston Market
MIAMI BEACH, FLORIDA – Nov. 5, 2004 – Terranova Corporation is pleased to announce the completion of a lease deal with national retail florist chain KaBloom for a 1,368 square foot store at Weston Lakes Plaza in Weston, FL.
Ssr Tower Fund Leads to $54.05 Million, 10-Building Acquisition of South Beach/Coral Gables Portfolio
MIAMI, FLORIDA – October 26, 2004 – SSR Realty, in conjunction with Terranova affiliate Gables Beach Ltd. and a Madison Marquette affiliate, has paid $54.05 million to purchase a prime real estate portfolio of 10 buildings from Starwood Urban.
Terranova Welcomes new Industrial Tenant
MIAMI, FLORIDA – Sept. 24, 2004 – Terranova Corp. has signed its first tenant in the Weston Distribution Center, a warehouse facility in Broward County which Terranova recently acquired for SSR Realty for $13.3 million. Terranova was retained to lease and manage the property.
Terranova Inks $1.13 Million Arby’s Deal at Pompano Marketplace
MIAMI, FLORIDA – September 22, 2004 – Terranova Corporation has signed Arby’s as a new tenant at Pompano Marketplace, adding one more eating option at the shopping center. The fastfood chain has signed a 10-year lease for a 2,900-square foot building once occupied by Kentucky Fried Chicken.
Fifth Terranova Center Hits 100 Percent Occupancy
MIAMI, FLORIDA – September 1, 2004 – With the recent signing of a 3-year retail lease in Miami, FL, one more South Florida shopping center leased by Terranova Corporation now is fully leased, marking the fifth Terranova center that will stand 100 percent occupied.
Terranova Signs Great Florida Bank in Two Weston Deals Valued at $1.2 Million
MIAMI, FLORIDA – August 24, 2004 – Terranova Corporation announces two recent lease transactions in Weston, FL, a $1.2 million deal that is part of an aggressive expansion plan by a new South Florida bank.
Terranova Negotiates $2.85 Million of Office Leases In Naples, Fl
MIAMI, FLORIDA – August 17, 2004 – Terranova Corporation, exclusive leasing agent for two office buildings in the Pelican Bay Executive Center in Naples, FL, recently has negotiated four leases valued at a total of $2.85 million.
Terranova Negotiates more than $6.85 Million Worth of Leases at Pembroke Crossing
MIAMI, FLORIDA – August 11, 2004 – Terranova Corporation, exclusive leasing agent for Pembroke Crossing power center, has negotiated more than $6.86 million worth of leases at the retail property within the past 12 months, adding three new tenants that bring the center to 98 percent occupancy.
Terranova Announces Opening of 50,020 Square Feet of Anchor Space
MIAMI, FLORIDA – April 8, 2004 – Terranova Corporation recently celebrated the grand opening of two new anchor tenants, Linens 'n Things and PETsMART at the firms 350,000 square foot Flagler Park Plaza, located at 8277 West Flagler Street.
Terranova Sells two Shopping Centers for $40 Million
MIAMI, FLORIDA – August 3, 2004 – Terranova Corporation has completed the sale of two shopping centers for a total of $40 million, bringing the total volume of capital market transactions by the company in the past two months to $80 million.
Terranova Brokers $13.3 Million Industrial Deal
MIAMI, FLORIDA – July 13, 2004 – Terranova Corporation represented the buyer, SSR Realty, in its acquisition of Weston Distribution Center, the former Federal Mogul facility in Weston, Florida. CB Richard Ellis represented the seller, Northwestern Mutual Life.
Terranova Represents Anna’s Linens in Lease of First Palm Beach County Location
MIAMI, FLORIDA – July 8, 2004 – Terranova Corporation represented Anna’s Linens in a 10-year lease valued in excess of $1.36 million. The 9,828 square-foot space was leased at Pine Trail Square, located at the intersection of Military Trail and Okeechobee Boulevard in West Palm Beach. This is Anna’s Linens’ first retail store in Palm Beach County.
Terranova Arranges $26.2 Million in Financing for two Miami-Dade Shopping Centers
MIAMI, FLORIDA – June 15, 2004 – Terranova Corporation arranged first mortgage financing for two of its Miami-Dade shopping centers totaling $26.2 million. Both deals allowed the local ownership groups to unlock significant equity from the properties while reducing interest rates.
Terranova Promotes Mcilroy to Director of Leasing
MIAMI, FLORIDA – June 9, 2004 – Terranova Corporation is pleased to announce the promotion of Mindy McIlroy to Director of Leasing.
Terranova Reports Strong Shopping Center Occupancy in Broward County/Ft.Lauderdale Area
MIAMI, FLORIDA – May 20, 2004 – Despite a sluggish economy and consolidation in the retail industry, occupancy and rental rates throughout Broward County’s shopping centers have improved since 2000, according to a recent research study by Terranova Corp. in Miami.
Terranova Represents Anna’s Linens Florida Expansion
MIAMI, FLORIDA – May 20, 2004 – Terranova Corporation is pleased to announce its exclusive representation of Anna’s Linens as they expand their retail operation to the state of Florida. Anna’s Linens has purchased the leases of several former Linen Supermarkets in Miami-Dade and Broward counties.
Terranova Signs Ulta For First Broward Store
MIAMI, FLORIDA – April 29, 2004 – Terranova Corporation’s Director of Leasing Erica Des Roches signed a lease with Ulta Salon, Cosmetics & Fragrance, Inc., the first Broward County location for the retailer and only the second in South Florida. The lease is valued in excess of $2.9 million.
Terranova Represents Seitlin & Co. in $5 Million Leases
MIAMI, FLORIDA – March 24, 2004 – Terranova Corporation represented Seitlin & Company in a 10-year lease valued in excess of $5.1 million. The 22,831 square foot office space was leased at Doral Costa office park, located at 9800 N.W. 41st Street in Miami.
Terranova Signs Freedom Fresh Expansion
MIAMI BEACH, FLORIDA - March 24, 2004 - Terranova signs Freedom Fresh Expansion to bring Westpointe Business Center to 100% Occupancy
Terranova Signs $1.2 Million Deal
MIAMI, FLORIDA –September 26, 2003 – Director of Leasing, Erica des Roches, signed a 10-year lease with CargoKids!, a sister company to Pier 1 Imports, for an excess of $1.2 million in value.
Terranova Brokers $23.1 Million Sale of Weston Lakes Plaza for Principle
Terranova brokers $23.1 million sale of Weston Lakes Plaza for Principal. $240 price per square foot highest yet in Florida.
Terranova Brokers $19.9 Million Center
MIAMI, FLORIDA - May 29, 2003 - Terranova Corporation recently brokered the $19.916 million sale of Country Isles Plaza located at the corner of Indian Trace and Weston Road in Weston, Florida. Terranova’s Capital Markets Division, led by Chairman, Stephen Bittel, represented Principal Life Insurance Company in the sale of the property. A private investor acquired the property, which comprises 106,343 square feet, including land leases to Publix and Eckerd.
Terranova Signs a $1.5 Million Deal
MIAMI, FLORIDA – December 2, 2002 – Alex Munoz, Commercial Associate, signed Las Vegas Cuban Cuisine to Westfork Plaza for a total value of $1.5 million. Westfork Plaza is located at 15825 Pines Boulevard in Pembroke Pines, FL.