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Terranova Promotes Mcilroy to Senior Vice President

MIAMI BEACH, FLORIDA – July 10, 2006 – Terranova Corporation is pleased to announce the promotion of Mindy McIlroy to Senior Vice President. In this position she will supervise Terranova’s retail leasing team, as well as continue to work directly with property owners and tenants. She currently represents Anna’s Linens and Navarro Discount Pharmacies in their expansion into Miami-Dade, Broward and Palm Beach counties.