Terranova Signs Regus in Miami Beach

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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 early 1960s by internationally acclaimed Miami Beach architect Morris Lapidus, primarily known as the architect of Lincoln Road, Fontainebleau and Eden Roc hotels. The office is located on the hard corner of 17th Street and Meridian Avenue, a main thoroughfare to the famed Lincoln Road.

The tenant is relocating its business center from 1111 Lincoln Road and is expected to open June 2016 with its sales office opening earlier in the year. Regus will join Dizzy Inc., DBI Construction Consultants, Next Model Management, Uceda School, Verizon Wireless, and Merchant Data Systems.

“Regus is the world’s largest provider of flexible workspaces and they are naturally a great fit for 1688 Meridian Avenue,” says Terranova’s commercial associate Michael Nathanson who represented the landlord in the deal.  “There has been a shortage of small office space available in Miami Beach and they were able to fill that need by taking a larger space, while at the same time moving closer to the anticipated over $1 billion worth of construction projects around the Miami Beach Convention Center.  They add tremendous value to the business community in South Florida and we look forward to forming a synergistic relationship for many years to come.”

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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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Gateway Town Center Welcomes Wingstop Inc. to Norwood

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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 Center. Wingstop is among the fastest growing concepts in the nation right now and their arrival to Gateway is allowing us to continue to add much needed food uses to the center, like the Papa John’s store that opened this past November,” says Terranova’s Commercial Leasing Associate Karen Maerovitz who represented the landlord in the deal.  “Their new location will offer a speedy option for the over 400,400 bus passengers passing through allowing them to grab a quick and tasty bite on the way to their next destination.”

Wingstop Inc. was founded in 1994 with a goal to not only serve the world’s greatest chicken wings, but to more importantly take them through a flavor experience. In 1997 they expanded their business to franchising and now operate more than 800 locations throughout the world.

Wingstop joins our ever growing tenant line up of Publix, YouFit Health Club, Subway, Papa Johns, Foot Locker, Hibbett Sports, DTLR and many more. For more information on how you can join Gateway Town Center, please contact commercial associate Karen Maerovitz at 305-695-8700.

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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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Tuesday Morning Expansion Fills Last Available Space in Pompano Plaza

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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 Lloyd Ross, Tuesday Morning is a discount home goods retailer with locations spanning across the Unites States. The company originated as an upscale garage sale business which quickly gained loyal followers and led to their expansion into their own store. Today, they carry an array of items including fashion accessories, pet products, gifts, luggage, outdoor furnishings, and products for every room of your home.

Tuesday Morning’s success at Pompano Plaza led to their expansion into the adjacent space almost doubling their size to over 16,000 square feet. The 40 percent increase of additional square footage will allow the store to add a larger variety of products to its selling floor, better serving the community. Their new larger location will serve as a flagship store for the company as they continue to expand nationwide.

“Tuesday Morning has been in Pompano Plaza for over 18 years and while many tenants look to reduce their footprint, it is great to see successful retailers expanding,” says Terranova’s commercial associate India Turkell who represented the landlord in the deal.

Tuesday Morning is located in a Publix anchored shopping center amongst Marshalls, Dunkin Donuts, and Office Depot.

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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