Terranova Corporation Receives 2014 Miami Award

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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.

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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 the Miami area a great place to live, work and play.

Various sources of information were gathered and analyzed to choose the winners in each category. The 2014 Miami Award Program focuses on quality, not quantity. Winners are determined based on the information gathered both internally by the Miami Award Program and data provided by third parties.

About Miami Award Program

The Miami Award Program is an annual awards program honoring the achievements and accomplishments of local businesses throughout the Miami area. Recognition is given to those companies that have shown the ability to use their best practices and implemented programs to generate competitive advantages and long-term value.

The Miami Award Program was established to recognize the best of local businesses in our community. Our organization works exclusively with local business owners, trade groups, professional associations and other business advertising and marketing groups. Our mission is to recognize the small business community’s contributions to the U.S. economy.

SOURCE: Miami Award Program

Terranova Launches Home Grown Farmers’ Market at Biscayne Plaza

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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, local honey, and some prepared foods.

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 for retail space in red hot Miami-Dade County.

“Retailers are again aggressively seeking expansion,” said Terranova Executive Vice President Mindy McIlroy, who brokered the recent influx of deals including Energy Kitchen, a health-conscious fast food chain that will open its first South Florida location in June in Suniland Shopping Center, followed by the addition of anchor tenants Sabor Tropical Supermarket to Biscayne Plaza Shopping Center in Miami’s Upper East Side, and Navarro Discount Pharmacy to Westfork Plaza in Pembroke Pines. “The flurry of new leasing activity show that the road to economic recovery for retail real estate is well on its way,” added McIlroy.

These deals follow an aggressive expansion by Anna’s Linens, an exclusive tenant representation assignment of Terranova. Terranova recently closed four new retail locations for Anna’s Linens, in Miami-Dade, Broward, and Palm Beach counties. The four new deals mark a big push in Anna’s business growth in South Florida.

Additional Terranova deals include the 988 sq foot expansion of Pines Discount Pharmacy in Palm Johnson Plaza in Pembroke Pines, 2,047 sq ft addition of Crocs Retail in Sawgrass Commons in Sunrise, 2,300 sq ft addition of Beyond Nails in Red Road Commons in Coral Gables, the 3,500 sq foot addition of Senior Adult Day Care and 1,000 sq ft addition of Clippers & Scissors in Palm Plaza in Miami Lakes, and the addition a 4,000 sq ft Rent-a-Center in El Mercado Shopping Center in Hialeah.

According to Terranova’s most recent Shopping Center Update Report, shopping center occupancy in Miami-Dade is indeed improving. Shopping center occupancy in Miami-Dade jumped from 92% at the close of 2009 to 94% at the close of 2010.

The reawakening of retail activity bodes well for Terranova’s newest assignment, a 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 Terranova’s growing urban street front retail portfolio. Joint venture affiliates Terranova and Acadia Realty Trust closed on the Lincoln Road properties in February of this year. Terranova will manage and lease the high profile, pedestrian-friendly, street front retail.

“The Terranova leasing team is energized and well prepared for this boost in leasing activity,” said Terranova Chairman Stephen Bittel. “Our market research consistently indicated an increase was impending, so our team is strategically positioned to capitalize on the South Florida retail boom.”

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, tenant representation, acquisitions, dispositions, financing, construction management and development services.

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Terranova Launches Arts Incubator at Suniland Shopping Center

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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 south Florida artist community by providing one of the most elusive commodities, space to create and display work, thus driving increased foot traffic to the centers, enlivening vacant store fronts and helping to broaden the audience for contemporary art and design.

Terranova welcomes Phil Fung as the inaugural Arts Incubator artist. Fung, who currently residents in Pinecrest, creates art that reflects his unique upbringing and his optimistic view of the world. Fung attended Florida State University majoring in Studio Art, has his Masters in Art Education from the University of Central Florida, and was the grand prize winner of the 2008 Manifest Hope International Art competition. Fung’s gallery space at Suniland will soft open the third week in November with the grand opening scheduled for Thursday, December 2, in time for Art Basel.

Suniland Shopping Center, a popular destination for lunch, errands and casual dining, is one of the most successful centers in the Miami-Dade submarket of Pinecrest. The center’s design allows excellent visibility from U.S. 1, and its location between two successful regional malls, Dadeland Mall to the north and The Falls to the south, gives the center exposure to some of Miami-Dade’s busiest business and shopping traffic making the center a prime location for a “pop-up shop” and other long-term retailers. While relatively new to south Florida the “pop-up shop” concept has flourished in New York, Chicago, and LA, originating across the pond in London. The concept is a way for landlords to fill vacant space and for tenants it allows a place to determine the reception of a brand, to develop a distinct message around the brand, and to help launch a new product without the long term commitment of a lease.

Artists are invited to apply for space not only at Suniland Shopping Center, but at various other locations available throughout the Terranova portfolio.

“The launch of the Terranova Arts Incubator program has been something that we have been eagerly looking forward to all year,” said Kelliann McDonald, Terranova Marketing & PR Manager. “Not only is Suniland the perfect location for Phil to showcase is dynamic award winning work and the program mutually beneficial for all involved, but Suniland Shopping Center is the premier center to accommodate the increased traffic with its various casual dining options, convenience shopping, and hassle-free parking. We invite the public to stop by and take a browse.”

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, tenant representation, acquisitions, dispositions, financing, construction management and development services.

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