Youfit Health Club and Opening at Gateway Town Center

MIAMI 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.

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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.

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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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Terranova Makes Moving Day® History with $100,000 Donations for The National Parkinson’s Foundation

MIAMI BEACH, FLORIDA –September 5, 2014–Moving Day®, National Parkinson Foundation’s annual fundraising event, has hit an amazing milestone! For the very first time in Moving Day® history, a single team has reached a $100,000 in donations. That team is Terranova Corporation.

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But Team Terranova did not stop there. In addition to becoming the presenting sponsor for Moving Day® Miami, Team Terranova hosted Cocktails for a Cause during the ICSC Florida Conference in Orlando on August 25th and raised over $80,000 in a matter of hours. Cocktails for a Cause was made possible, in part, through the generous support of Azor Advisory Group, Lennar Commercial, and Borghese Investments.

To date Team Terranova has raised over $200,000 and is an inspiration to other teams across the nation. And with 30 days to go until Moving Day® Miami, Team Terranova is projected to surpass its fundraising goal of $250,000.

With an outpouring of support, Terranova Corporation is making a HUGE impact in the lives of people living with Parkinson’s disease. Dedicated to improving the quality of care for people with Parkinson’s, Team Terranova is committed to the National Parkinson’s Foundation and will continue to surpass any milestones in its path.

To learn more about Moving Day® Miami and how you, your family and friends, and/or your company can get involved, please visit www.MovingDayMiami.org.

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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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Behind Terranova’s $342M Lincoln Road Deal

GLOBE ST. — August 22, 2014 — BY JENNIFER LECLAIRE — In one of the biggest-ever deals in South Florida, Miami Beach-based Terranova sold its six-building portfolio of assets on and around Lincoln Road to Morgan Stanley Real Estate Investing, along with affiliates of Terranova, for $342 million. Terranova assembled the assets over the past three and a half years for $191 million.

As Terranova chairman Stephen H. Bittel sees it, the deal is one of the most exciting his firm has closed in its 35-year history. He views the transaction as a partnership with other owners on the famed street—and the City of Miami Beach—to move Lincoln Road forward.

“Our investment with Acadia Opportunity Funds has drawn more and more attention of professional capital to the street,” Bittel says. “At the same time, the interest from top international retailers has pushed sales and rents higher and higher.”

Bittel calls the planned redesign of the Lincoln Road common areas and the redevelopment of the Miami Beach Convention Center “strong positive influences that will keep the momentum moving forward.” Meanwhile, he expects the new partnership with Morgan to seek additional market opportunities for these types of assets, which he described as having “enduring generational value.”

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