Gyu-Kaku Japanese BBQ Coming to Suniland Shopping Center

/in ,

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.

34be5f7c-1254-41de-88ea-5e45121b356a

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 when it comes to table service restaurants and we believe a proven concept like Gyu-Kaku will thrive in filling that void,” said Terranova Senior Commercial Associate Juan Franco, who represented the landlord in the deal. “At the same time they will be a complimentary addition to Suniland’s long list of successful tenants.”

The international chain, is popular for its tableside service where customers cook their food in personal grills installed at every table. Gyu-Kaku menu options include long-time best seller Hirami Skirt Steak Miso, a 21-day-aged Angus skirt steak marinated in a signature marinade, filet mignon, New York strip, beef short ribs, tongue, chicken and seafood. The restaurant also serves noodle bowls, rice dishes and vegetables. But the one item that keeps you coming for more are those gooey campfire favorites, s’mores.

Originally built in 1955, Suniland Shopping Center is located on 91,000 car-a-day US-1 servicing the county’s most affluent neighborhoods of Pinecrest and Palmetto Bay. “We decided to open in Suniland as it is the most established center in the city of Pinecrest and draws a huge crowd that other centers in the area lack,” said Elbardi Investment and Franchise Management Group President and CEO Mario Contreras. “Although Pinecrest has demonstrated to be a dense area with lots of families, it is in need of high quality family restaurants and Gyu Kaku will pioneer this movement.”

Elbardi, developer and operator of Gyu-Kaku for the South Florida market, was founded by Contreras in 2003 with a loan from his father to open a restaurant and went from a single-unit operation to a multi-unit operation in less than two years. Jesus Urdaneta joined the firm in 2008 and since then the firm has exponentially grown during the last 5 years to multiple brands in multiple markets. Elbardi’s goal is to operate more than 300 restaurants from their three brands, (Charleys Philly Steaks, Gyu Kaku Japanese BBQ, and Villa Italian Kitchen) in the next 10 years.

Gyu-Kaku Japanese BBQ in Suniland Shopping Center will join a tenant line-up that includes other leading retailers such as CVS Pharmacy, Smoothie King, Flanigan’s, Citibank, and Chicken Kitchen.

CLICK HERE FOR THE PDF PRESS RELEASE

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 more than $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.

###

Lincoln Road Properties Slated for Redevleopment

/in ,

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.

35c852ac-38a9-404b-b084-38031c839230

Putting vision into action, Terranova is pursuing the redevelopment of its buildings into multi-story structures that will accommodate anchor stores and activate streets adjacent to Lincoln Road with new retail activity.

In its forthcoming vertical form, the 1654 building, which sits on the hard corner of Meridian Avenue north of Lincoln Road, will have new storefronts that will open to Lincoln Lane, activating that alleyway with new retail activity. The new structure will have a total over 23,000 square feet on three floors, including an 8,767 square foot third floor space with an outdoor seating option overlooking Lincoln Road.

On 723 Lincoln Lane, a building just north of Lincoln Road and abutting Macy’s on 17th Street, three new stories totaling close to 45,000 square feet will be built to accommodate an anchor store on the second and third floors and retail spaces ranging from 500 to 12,000 square on the ground floor.

The growth of the neighborhood into a world-class urban center needs to incorporate both commercial viability with the district’s existing historic beauty and charm, says Terranova executive vice president Mindy McIlroy, who is charged with selecting the best retailers for the new space.

“Expanding our buildings and opening up retail toward Lincoln Lane is part of the ongoing urban growth in this neighborhood, while it allows us to accommodate larger-scale retailers that are currently shut out of Lincoln Road,” McIlroy says. “We plan to do it in a way that combines the best of retail with the best of architectural design.”

In addition to developing these multi-story projects, Terranova has also redesigned the nearby 719-737 Lincoln Road building with brand new awnings and tenant signage, expected to be completed in January 2015.

Both Lincoln Lane projects have received approvals from the Miami Beach design board and are slated to break ground in 2015.

CLICK HERE FOR THE PDF PRESS RELEASE

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 more than $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.

###

Terranova Signs Lime Fresh Mexican Grill First Location in Palm Beach County

/in ,

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.

a1f8f4a8-e505-4123-a813-90edd5166f31

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 2015.

“Lime is a fabulous addition to Shadowwood and to the west Boca market, which is very health conscious and trends conscious, yet doesn’t have all that many options for a quick, freshly-made restaurant meal,” said Terranova Commercial Associate India Turkell, who represented the landlord in the deal. “Lime’s menu and atmosphere will perfectly satisfy that demand.”

Launched in Miami Beach, Florida, by local restaurateur John Kunkel, Lime grew to 16 locations before it was bought in 2012 by national chain Ruby Tuesday. Today it counts 18 locations in Florida (Shadowwood will be its 19th), ten throughout the rest of the country and two in Chile, and continues to increase its popularity and market share in the fast-casual, fresh Mexican food sector.

In Shadowwood Square, Lime will join a roster of tenants that include Stein Mart, Bed Bath & Beyond, Old Navy and Regal Cinema.

CLICK HERE FOR THE PDF PRESS RELEASE

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 more than $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.

###