MIAMI HERALD — October 12, 2014 — BY INA PAIVA CORDLE Stephen H. Bittel, chairman of Terranova Corp., has reached new heights in the realm of commercial real estate since his firm’s $342million sale of a portfolio of six buildings on Lincoln Road in Miami Beach — one of the largest property deals in South Florida history. Terranova remains an owner and managing member of the properties, in a new partnership with Morgan Stanley Real Estate Investing. In total, Terranova Corp., which Bittel founded in 1980, owns and operates more than $1 billion of real estate in Florida, mostly in South Florida.
We sat down with Bittel in his Miami Beach offices to discuss his background and company, and then emailed him these questions to which he responded.
Q. You are a Miami native, yes?
A. I am as native as one could be, having been born at Jackson Memorial Hospital, the second of three children of my very active parents, Jordan and Judy Bittel who grew up on Miami Beach. My father always joked that when our families got down here, there were only Claude Pepper and the alligators. A product of the Miami Dade County Public School system from grades one through 12, I continued my education at Bowdoin College, with my sister, and son, later graduating from Bowdoin as well. While it’s a long way to Brunswick, Maine, we still feel uniquely close to the college.
Q. Did you originally intend to be a lawyer?
A. After Bowdoin, I spent a year in Europe, as a Watson Fellow, and applied to law school while abroad. As the son and grandson of attorneys, I grew up always planning to follow in their footsteps professionally, but by the time I began at the University of Miami School of Law, I was headed in another direction, working full time in commercial real estate during my first year of law school, and then starting what is now Terranova during the fall of my second year. While somehow I managed to graduate and pass the bar as a result of some remarkable study group partners who always reeled me back in to focus on our exams, working full time while simultaneously a full time law student might not be recommended for those requiring normal sleep.
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Stephen H. Bittel, Chairman Of Terranova Corp.: ‘I Want To Do More’
/in Acquisitions, General, In the newsMIAMI HERALD — October 12, 2014 — BY INA PAIVA CORDLE Stephen H. Bittel, chairman of Terranova Corp., has reached new heights in the realm of commercial real estate since his firm’s $342million sale of a portfolio of six buildings on Lincoln Road in Miami Beach — one of the largest property deals in South Florida history. Terranova remains an owner and managing member of the properties, in a new partnership with Morgan Stanley Real Estate Investing. In total, Terranova Corp., which Bittel founded in 1980, owns and operates more than $1 billion of real estate in Florida, mostly in South Florida.
We sat down with Bittel in his Miami Beach offices to discuss his background and company, and then emailed him these questions to which he responded.
Q. You are a Miami native, yes?
A. I am as native as one could be, having been born at Jackson Memorial Hospital, the second of three children of my very active parents, Jordan and Judy Bittel who grew up on Miami Beach. My father always joked that when our families got down here, there were only Claude Pepper and the alligators. A product of the Miami Dade County Public School system from grades one through 12, I continued my education at Bowdoin College, with my sister, and son, later graduating from Bowdoin as well. While it’s a long way to Brunswick, Maine, we still feel uniquely close to the college.
Q. Did you originally intend to be a lawyer?
A. After Bowdoin, I spent a year in Europe, as a Watson Fellow, and applied to law school while abroad. As the son and grandson of attorneys, I grew up always planning to follow in their footsteps professionally, but by the time I began at the University of Miami School of Law, I was headed in another direction, working full time in commercial real estate during my first year of law school, and then starting what is now Terranova during the fall of my second year. While somehow I managed to graduate and pass the bar as a result of some remarkable study group partners who always reeled me back in to focus on our exams, working full time while simultaneously a full time law student might not be recommended for those requiring normal sleep.
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Terranova Signs Deal With Wells Fargo
/in Leasing, Press releasesMIAMI BEACH, FLORIDA –October 1, 2014 –Terranova Corporation is pleased to announce the addition of Wells Fargo to the Shoppes of Ives Dairy, a 25,000 square foot center in Miami Gardens, Florida. The San Francisco-based banking giant signed a 5-year lease for 826 square feet at 19809 NW 2nd Avenue. With over 12,000 ATMs coast to coast, the new Wells Fargo ATM is projected to launch February 2015.
“Wells Fargo was looking for additional exposure in the Miami Gardens market and with their new ATM at the Shoppes of Ives Dairy they will have a prime location at one of the busiest intersections in the area,” said Terranova Commercial Associate Andrei Pintilie, who represented the landlord in the deal.
Founded in 1852, Wells Fargo’s customer-centric vision focuses on building lifelong relationships to satisfy all their customers’ financial needs and has successfully done so by serving one in every three U.S. households. Even when doubling their size and scope with the Wachovia merger, Wells Fargo differentiated itself from larger banks by focusing on the community and beginning every conversation with what’s best for their customers. Their new location at the Shoppes of Ives Dairy will continue their vision by serving customers in the Miami Gardens community.
With the addition of the Wells Fargo ATM to the Shoppes of Ives Dairy, Terranova is on its way to achieving 100% occupancy with only one available space left to lease. Wells Fargo will complete a tenant line-up that includes other leading retailers such as Gamestop, Chili’s, Amscot, and Subway.
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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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Youfit Health Club and Opening at Gateway Town Center
/in Leasing, Press releasesMIAMI 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.
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.
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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