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Terranova Brokers $48.4 Million Sale of Concord Shopping Plaza

MIAMI BEACH, FLORIDA – January 9, 2007 – Terranova announced the sale of Concord Shopping Plaza today on behalf of an institutional client. The 300,000 square foot shopping center located at 11381 Southwest 40th Street Miami, Florida sold for $48,434,500 or $218 psf for the fee portion plus some land leased to Winn Dixie. The property was acquired by Equity One (NYSE: EQY). Terranova’s Capital Markets Division, led by Chairman, Stephen Bittel and Commercial Associate, Scott Rohrbach represented the seller in the sale of the property.