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Terranova / Blackrock Joint Venture Acquire $39 Million Paraiso Parc

MIAMI BEACH, FLORIDA – March 21, 2007 – A joint venture between Terranova and BlackRock Realty Advisors has paid $39 million to acquire the brand new Paraiso Parc, a new Publix-anchored shopping center in the heart of southwest Broward County, Florida. The deal closed March 15.