Terranova Brokers $13.3 Million Industrial Deal

MIAMI, FLORIDA – July 13, 2004 – Terranova Corporation represented the buyer, SSR Realty, in its acquisition of Weston Distribution Center, the former Federal Mogul facility in Weston, Florida. CB Richard Ellis represented the seller, Northwestern Mutual Life.

Terranova Represents Anna’s Linens in Lease of First Palm Beach County Location

MIAMI, FLORIDA – July 8, 2004 – Terranova Corporation represented Anna’s Linens in a 10-year lease valued in excess of $1.36 million. The 9,828 square-foot space was leased at Pine Trail Square, located at the intersection of Military Trail and Okeechobee Boulevard in West Palm Beach. This is Anna’s Linens’ first retail store in Palm Beach County.

Terranova Arranges $26.2 Million in Financing for two Miami-Dade Shopping Centers

MIAMI, FLORIDA – June 15, 2004 – Terranova Corporation arranged first mortgage financing for two of its Miami-Dade shopping centers totaling $26.2 million. Both deals allowed the local ownership groups to unlock significant equity from the properties while reducing interest rates.