BOCA RATON, FLORIDA – May 12, 2011 – Terranova Corporation is proud to announce that LexisNexis has signed a 10-year lease renewal at Meridian Commercial Office Complex located at 6601 Park of Commerce Boulevard in Boca Raton, Florida.
Terranova Senior Commercial Associate Gordon Messinger represented the landlord in the 61,524 square foot transaction valued at over $13 million.
LexisNexis is a leading global provider of content-enabled workflow solutions designed specifically for professionals in the legal, risk management, corporate, government, law enforcement, accounting, and academic markets. A member of Reed Elsevier, LexisNexis serves customers in more than 100 countries with 15,000 employees worldwide. LexisNexis will continue to occupy the entire building, which is home to their Risk Solutions division.
“We are thrilled LexisNexis has decided to renew its commitment to Meridian Commercial. Meridian Commercial offered all of the requirements LexisNexis needed to maintain its operations at 6601 Park of Commerce Boulevard. We look forward to a strong long standing relationship with such a valued tenant,” said Stephen Bittel, Terranova Chairman.
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 Executive Vice President, Mindy Mcilroy, Is Miami Today’s “Newsmaker”
/in General, In the newsMIAMI TODAY – September 15, 2011 – Mindy McIlroy began her journey in real estate at Terranova Corp. 15 years ago as administrative assistant to its leader, Stephen Bittel.
Her hard work and drive revealed potential for much more and she was given the opportunity to learn the sales and leasing side, leading to her current role as executive vice president.
In this position, Ms. McIlroy focuses on marketing the company’s services, retail leasing and developing new business.
Despite the economic challenges, the company’s real estate practice continues to grow as it seeks to hire new associates.
“The immediate focus that we have is that we have to hire,” Ms. McIlroy said. “We are hiring in every department within our company, which speaks to our optimism with what’s happening with our industry.”
Terranova acquired three retail buildings on Lincoln Road this year and handles the leasing of the CocoWalk retail complex in Coconut Grove.
Most recently, it was selected to lease the retail space at the parking garages of the new Florida Marlins ballpark.
“Our role there is to lease, lease, lease. We need to get that thing full,” she said. “Our goal is to get some restaurants opened by game day, which is quickly approaching in April.”
Ms. McIlroy discussed her responsibilities, market trends and what’s ahead for Terranova with Yudislaidy Fernandez at the company’s Miami Beach headquarters.
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Terranova Brokers $20 Million Loan for Paraiso Parc
/in Financing, Press releasesMIAMI BEACH, FLORIDA – July 5, 2011 – Terranova Capital Corporation has brokered a $20 million loan for power shopping center Paraiso Parc, 15701 & 15729 Pines Boulevard, Pembroke Pines on behalf of its affiliated venture partners.
In this challenging economic environment lender MetLife loaned on a quality asset with top sponsorship. The favorable financing speaks to the strength of the well maintained A+ quality investment property. Paraiso Parc was originally purchased in an all cash deal in 2007.
Paraiso Parc is 99% occupied with long term leases in place and features a national tenant lineup including the “A” player in the grocery category Publix alongside AT&T, SunTrust, and Wells Fargo. The center lies on Pines Boulevard, the major retail corridor in Broward County which links East and West Pembroke Pines. Paraiso Parc is in a dense, high income neighborhood, where the average household income exceeds $137,000 within a 3-mile radius.
Terranova Corporation’s leasing and operating efforts at Paraiso Parc have revealed quality long term tenants and a well preserved center giving the lender the confidence to make the loan.
“If a loan was going to be given this is an asset that a lender would not pass up,” said Terranova Chairman Stephen Bittel. “We look forward to a long relationship with MetLife.”
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 Represents Boca Office Building in $13 Million, 61,500 Sq Ft Renewal Deal with Lexisnexis
/in Leasing, Press releasesBOCA RATON, FLORIDA – May 12, 2011 – Terranova Corporation is proud to announce that LexisNexis has signed a 10-year lease renewal at Meridian Commercial Office Complex located at 6601 Park of Commerce Boulevard in Boca Raton, Florida.
Terranova Senior Commercial Associate Gordon Messinger represented the landlord in the 61,524 square foot transaction valued at over $13 million.
LexisNexis is a leading global provider of content-enabled workflow solutions designed specifically for professionals in the legal, risk management, corporate, government, law enforcement, accounting, and academic markets. A member of Reed Elsevier, LexisNexis serves customers in more than 100 countries with 15,000 employees worldwide. LexisNexis will continue to occupy the entire building, which is home to their Risk Solutions division.
“We are thrilled LexisNexis has decided to renew its commitment to Meridian Commercial. Meridian Commercial offered all of the requirements LexisNexis needed to maintain its operations at 6601 Park of Commerce Boulevard. We look forward to a strong long standing relationship with such a valued tenant,” said Stephen Bittel, Terranova Chairman.
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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