MIAMI BEACH, FLORIDA – January 9, 2007 – Terranova announced the sale of Concord Shopping Plaza today on behalf of an institutional client. The 300,000 square foot shopping center located at 11381 Southwest 40th Street Miami, Florida sold for $48,434,500 or $218 psf for the fee portion plus some land leased to Winn Dixie. The property was acquired by Equity One (NYSE: EQY). Terranova’s Capital Markets Division, led by Chairman, Stephen Bittel and Commercial Associate, Scott Rohrbach represented the seller in the sale of the property.
Terranova Brokers $48.4 Million Sale of Concord Shopping Plaza
/in General, Press releasesMIAMI BEACH, FLORIDA – January 9, 2007 – Terranova announced the sale of Concord Shopping Plaza today on behalf of an institutional client. The 300,000 square foot shopping center located at 11381 Southwest 40th Street Miami, Florida sold for $48,434,500 or $218 psf for the fee portion plus some land leased to Winn Dixie. The property was acquired by Equity One (NYSE: EQY). Terranova’s Capital Markets Division, led by Chairman, Stephen Bittel and Commercial Associate, Scott Rohrbach represented the seller in the sale of the property.
Staples Opens at Pompano Marketplace
/in General, Press releasesMIAMI BEACH, FLORIDA – January 5, 2007 – Terranova Corporation is pleased to announce the grand opening of Staples, the office supplies superstore, at Pompano Marketplace lease located at 1151 South Federal Highway in Pompano Beach.
Terranova Closes $22 Million in Financing for Two Miami-Dade Shopping Centers
/in Financing, Press releasesMIAMI BEACH, FLORIDA – January 4, 2007 – Terranova Corporation closed mortgage financing for two of its Miami-Dade Shopping centers totaling $22 million. Both deals allowed the local ownership groups to unlock significant equity from the properties while obtaining long term fixed interest rates.