Youfit Health Club and Opening at Gateway Town Center

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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.

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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,” said Youfit General Manager Austin Robinson. The club, which offers memberships for about $10 a month, opened the 17,678 square foot center on September 24th with the grand opening scheduled for October 6th. During the grand opening festivities, Robinson said Youfit will be offering memberships with $1 registration fees with first and last month free.

More tenants are in negotiations at Gateway, as Terranova Corporation continues a makeover that already includes new paint, newly striped and sealed parking, landscaping, signage, and roofing upgrades. Youfit Health Club joins the center’s existing tenant mix, including Family Dollar, Hibbett Sports, Payless, Simply Fashions, Walgreens, Footlocker, Rainbow, DTLR, and MCCI Medical Group.

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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.

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Terranova Makes Moving Day® History with $100,000 Donations for The National Parkinson’s Foundation

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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.

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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 25th and raised over $80,000 in a matter of hours. Cocktails for a Cause was made possible, in part, through the generous support of Azor Advisory Group, Lennar Commercial, and Borghese Investments.

To date Team Terranova has raised over $200,000 and is an inspiration to other teams across the nation. And with 30 days to go until Moving Day® Miami, Team Terranova is projected to surpass its fundraising goal of $250,000.

With an outpouring of support, Terranova Corporation is making a HUGE impact in the lives of people living with Parkinson’s disease. Dedicated to improving the quality of care for people with Parkinson’s, Team Terranova is committed to the National Parkinson’s Foundation and will continue to surpass any milestones in its path.

To learn more about Moving Day® Miami and how you, your family and friends, and/or your company can get involved, please visit www.MovingDayMiami.org.

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.

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Terranova Closes Record $342 Million Lincoln Road Sale

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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.

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Terranova Chairman, Stephen H. Bittel, termed the transaction “one of the most exciting deals the firm has had the privilege with which to be involved over the company’s 35 year history. We have been thrilled to join with the other owners on the street and the visionary leadership of the City of Miami Beach, to play an important role in moving Lincoln Road forward. Our investment with Acadia Opportunity Funds has drawn more and more attention of professional capital to the street. At the same time, the interest from top international retailers has pushed sales and rents higher and higher. The planned redesign of the Lincoln Road common areas and the redevelopment of the Miami Beach Convention Center are strong positive influences that will keep the momentum moving forward.”

Bittel went on to indicate that “the new partnership with Morgan Stanley Real Estate Investing will continue to seek opportunities in the market for this kind of unique asset of enduring generational value. This long term investment strategy focused on high street retail properties reflects the continuing trend of residents and tourists alike to be drawn to the top urban shopping streets, of which Lincoln Road is the absolute best, south of Madison Avenue in New York City.”

Terranova is honored to have been invited to join with Morgan Stanley Real Estate Investing to continue to be involved with their newly acquired Lincoln Road portfolio, as operating partners responsible for management, leasing and development. Two of the properties have already received Historic Preservation Board approval for expansions enabling the accommodation of new flagship retailer opportunities. An additional development is proposed on Lincoln Lane, creating a three level building of unique architectural interest.

Lincoln Road has become home to retailers from around the world including Armani, H&M, Zara, John Varvatos, Zadig and Voltaire, Anthropologie, and Apple. Joined by an exceptional line up of dining options including Sushi Samba, Khong River House, Ladurée, Meat Market, Sosta, and Havana 1957, the shopping/entertainment options combine together to attract record numbers of pedestrians, both local and tourists, making Lincoln Road a top regional destination, all day and night.

Bittel said that “Miami Beach has had a magnetic attraction from around the world almost since developer/creator Carl Fisher’s dreams started to become reality. With a storied past to build upon, we look forward to an exceptional future of growing asset values, as we work closely with the community to make Lincoln Road better and better for both residents and visitors.”

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.

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