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Terranova Signs Navarro Discount Pharmacy to 16,000 sq ft at Westfork Plaza

MIAMI BEACH, FLORIDA – March 8, 2011 – Terranova Corporation is proud to announce the addition of Navarro Discount Pharmacy to Westfork Plaza, 15825 Pines Blvd, Pembroke Pines. The ten-year, approximately 16,000 square foot deal was broker by Terranova Executive Vice President Mindy McIlroy.

Navarro’s is the largest Hispanic-owned drugstore chain in the United States and believes that future growth lies in the ability to attract a wider range of consumers and carve out its niche among the national competitors. Navarro plans to expand within Florida and ultimately throughout the U.S. in order to appeal to a wider prototypical customer base. The Westfork location provided an opportunity to work toward this corporate initiative.

Westfork Plaza is a 252,000 square foot shopping center located at the intersection of Dykes Road and Pines Blvd. Navarro will join anchors Baptist Medical Plaza at Pembroke Pines, Office Max and Regal Cinemas.

“Westfork Plaza lies on Pines Boulevard, the major retail corridor in Broward County which links east and west Pembroke Pines and is easily accessible from I-75,” said McIlroy. “The high volume of traffic at this location and its sister property Paraiso Parc facilitates Navarro’s initiative to appeal to a wider demographic pool. Expanding in Broward County brings Navarro Discount Pharmacy one step closer to building brand awareness in Florida and closer to competing on the national level.”

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 over $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.