The latest of what’s going on from Terranova’s office to yours.

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.

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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Pure Barre Balances out Tenants in Suniland

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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 South Dixie Highway projected to open Spring 2016.

The ballet-based fitness studio has been named among the 100 fastest growing franchises and guarantees their 55 minute classes will effectively transform bodies of all shapes and sizes. Pure Barre focuses on a low impact technique of isometric movements that elongate and tone muscles quickly. So far they have 31 locations in Florida with their new studio in Pinecrest being their 32nd location and the southernmost point of their expansion in the state.

The new studio in Suniland will service the county’s most affluent neighborhoods of Pinecrest and Palmetto Bay. The shopping center has experienced great success with several tenants reporting outstanding sales performance close to $1,000 per square foot and focuses on offering the best and most relevant services to the community it serves.

“In adding a fitness tenant to Suniland, we are providing patrons with a unique service located conveniently within the center,” says Terranova’s commercial associate India Turkell who represented the landlord in the deal. “Pure Barre will be a great addition for customers who will now be able to get in a workout, grab an energizing post-workout drink or bite to eat, and enjoy a manicure, pedicure, or blow-out all without having to leave the center.”

Pure Barre 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.

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