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FLORIDA’S LEADING FULL-SERVICE COMMERCIAL REAL ESTATE ADVISORY FIRM, IS INVOLVED WITH OVER $1 BILLION IN COMMERCIAL REAL ESTATE ASSETS FOR ITS CLIENTS AND ITS OWN PORTFOLIO. WITH A BROAD LIST OF PARTNERS AND CLIENTS, TERRANOVA’S COMPREHENSIVE ARRAY OF SERVICES INCLUDE HIGHSTREET RETAIL, LEASING & PROPERTY MANAGEMENT, ACQUISITION/ JOINT VENTURES, TENANT REPRESENTATION, DISPOSITIONS, FINANCING, AND DEVELOPMENT & CONSTRUCTION MANAGEMENT. SERVICES ARE OFFERED TO A SELECT GROUP OF PARTNERS/ CLIENTS WHO COUNT ON US TO MAXIMIZE THE VALUE OF THEIR REAL ESTATE.
HIGHSTREET RETAIL
Terranova is the market leader in high-traffic, street-level retail. With an eye for trends combined with intensive market research and expert negotiation, Terranova builds its street retail properties into valuable financial assets and community-enhancing elements. Street retail activity include two of South Florida’s premier retail streets – Lincoln Road in Miami Beach, FL and Miracle Mile in Coral Gables, FL.
LEASING & PROPERTY MANAGEMENT
Terranova excels at increasing property value through leasing, consistently boosting the occupancy and marketability of every property in its portfolio. With a complete assessment of tenant mix, demographics and market trends, Terranova pursues the optimal match of tenant, property and environment, enhancing value with every deal. Managing the day-to-day operations, of its commercial real estate portfolio, Terranova devotes constant attention to maintenance, appearance, and sustainability of each property under its care.
ACQUISITIONS/JOINT VENTURES
Terranova provides market knowledge and due diligence to advise and/or joint venture with clients on the acquisition of real estate assets, including forward-looking strategies to enhance their values and maximize return on investment.
TENANT REPRESENTATION
Terranova is knowledgeable ally of clients searching for the best locations to expand their businesses. It provides customized services that include state-of-the-art site research tools, current data on market demographics, rental rates and occupancy, and firsthand experience with prevailing negotiation practices.
DISPOSITIONS
Terranova takes pride in its track record of superior gains for sellers of commercial and multifamily real estate. It achieves results through a thorough understanding of real estate value for both buyers and sellers, access to a vast selection of investors, and an in-house department dedicated to producing informative and compelling offering memoranda.
FINANCING
Terranova pursues the best financing terms for its clients, enabling them to achieve acquisition goals, reduce borrowing costs and unlock equity on investments. Terranova has closed over $1 billion in debt and equity placements involving retail, apartment, office, mini-warehouse, mobile home parks, hotel and industrial projects nationwide.
DEVELOPMENT & CONSTRUCTION MANAGEMENT
Terranova provides construction and development management for a wide array of retail, office and industrial projects, ranging from post-hurricane renovation to tenant improvements and brand new development. Construction management services have been rendered on behalf of clients such as Blackrock Advisors, Bank of New York, Travelers and TA Associates. With thorough knowledge of the construction process, permit requirements and regulation environment, Terranova ensures its construction projects reach completion promptly and successfully.
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terranova assignments
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highstreet retail 5
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600 lincoln road, miami beach
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PROPERTY FEATURES Property located at the prime intersection of Pennsylvania Avenue and Lincoln Road Surrounded by retail market leaders Apple, H & M, Lush, Forever 21 and many more Steps away from the New World Symphony Soundscape & Miami Beach Convention Center Join Miami Beach’s famed Lincoln Road!
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700 lincoln road, miami beach
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PROPERTY FEATURES Property located at the prime intersection of Meridian Avenue and Lincoln Road Surrounded by retail market leaders Apple, H & M, BCBG, Forever 21 and many more Recently upgraded facade and awnings Steps away from the Miami Beach Convention Center and Miami Beach Botanical Gardens Join Miami Beach’s famed Lincoln Road!
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1655 meridian ave, miami beach
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PROPERTY FEATURES Property located at 1655 Meridian Ave next to Starbucks Surrounded by retail market leaders Macy’s, Apple, H & M, BCBG, Forever 21 and many more Steps away from the New World Symphony Soundscape & Miami Beach Convention Center Join Miami Beach’s famed Lincoln Road!
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801-821 lincoln road, miami beach
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PROPERTY FEATURES At the prime intersection of Jefferson Avenue and Lincoln Road Surrounded by retail market leaders Apple, Urban Outfitters, Lululemon, GAP and many more. Steps away from the Miami Beach Convention Center and New World Symphony Soundscape Join Miami Beach’s famed Lincoln Road!
TENANT 3 370 SF
TENANT 2 2,656 SF
TENANT 1 3,564 SF
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826-836 lincoln road, miami beach
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PROPERTY FEATURES Located at the prime intersection of Jefferson Avenue and Lincoln Road Surrounded by retail market leaders Apple, Urban Outfitters, Lululemon, GAP and many more Steps away from the Miami Beach Convention Center and New World Symphony Soundscape Join Miami Beach’s famed Lincoln Road!
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1674 meridian ave, miami beach
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PROPERTY FEATURES Prime location for a Nail Salon, Delicatessen, Juice Bar, or other destination use Ample parking nearby Retail space on ground floor of office buildings Across the street from Macy’s Department Store As close to Lincoln Road as you can get!
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1688 meridian ave, miami beach
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PROPERTY FEATURES At the prime intersection of 17th Street & Meridian Avenue Iconic Morris Lapidus designed building (original architect of Lincoln Road, Foutainebleau, & Eden Roc hotels) Premises located across from Macy’s, Miami Beach Convention Center, Miami Beach City Hall, Lincoln Road, Khong River, Dylan’s Candy, Starbucks and much more! Two story atrium entrance with access from building lobby Building and street signage available Premises surrounded by surface level parking spaces and parking garages
ground level 7,600 sf
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723 lincoln lane, miami beach
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PROPERTY FEATURES Prime ground floor space available at the premier flagship building on the corner of Meridian Ave. and Lincoln Lane Brand yourself amongst a dynamic mix of top retailers like Macy’s, Armani Jeans, H&M, BCBG, and many more Ideal location neighboring the New World Symphony Soundscape & Miami Beach Convention Center Join Miami Beach’s famed Lincoln Road!
ground level tenant 2 9,940 sf
N. LINCOLN LANE
MERIDIAN COURT
MERIDIAN AVENUE
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1654 meridian ave, miami beach
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PROPERTY FEATURES Located at the prime intersection of Meridian Avenue & Lincoln Lane Surrounded by retail market leaders Macy’s, Apple, H & M, BCBG, Forever 21 and many more Steps away from the New World Symphony Soundscape & Miami Beach Convention Center Join Miami Beach’s famed Lincoln Road!
ground level tenant 2 2,741 sf ground level tenant 1 1,875 sf ground level tenant 3 815 sf
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340-360 miracle mile, coral gables, fl
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PROPERTY FEATURES Strong daytime traffic from concentration of office buildings within walking distance A preferred destination for professionals, offering restaurants such as Hillstone, Tarpon Bend, Fleming’s, Morton’s, Swine, and Sushi Samba are just steps away Ample metered, valet, and garage parking available Growing residential population within walking distance
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244 miracle mile, coral gables, fl
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PROPERTY FEATURES Adjacent to Benihana & Miracle Theater Strong daytime traffic from concentration of office buildings within walking distance A preferred destination for professionals, offering restaurants such as Hillstone, Tarpon Bend, Fleming’s, Morton’s, Swine, and Sushi Samba are just steps away Ample metered, valet, and garage parking available Growing residential population within walking distance
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200-230 miracle mile, coral gables, fl
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PROPERTY FEATURES The most prominent intersection in Downtown Coral Gables Adjacent to Starbucks and across from Hillstone Strong daytime traffic from concentration of office buildings within walking distance A preferred destination for professionals, offering restaurants such as Seasons 52, Tarpon Bend, Fleming’s, Morton’s, Swine, and Sushi Samba are just steps away Ample metered, valet, and garage parking available Growing residential population within walking distance
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257-263 miracle mile, coral gables, fl
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PROPERTY FEATURES Strong daytime traffic from concentration of office buildings within walking distance A preferred destination for professionals, offering restaurants such as Hillstone, Tarpon Bend, Fleming’s, Morton’s, Swine, and Sushi Samba are just steps away Ample metered, valet, and garage parking available Growing residential population within walking distance
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135-137 miracle mile, coral gables, fl
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PROPERTY FEATURES Strong daytime traffic from concentration of office buildings within walking distance A preferred destination for professionals, offering restaurants such as Hillstone, Tarpon Bend, Fleming’s, Morton’s, Swine, and Sushi Samba are just steps away Ample metered, valet, and garage parking available Growing residential population within walking distance
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136 miracle mile, coral gables, fl
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PROPERTY FEATURES Strong daytime traffic from concentration of office buildings within walking distance A preferred destination for professionals, offering restaurants such as Hillstone, Tarpon Bend, Fleming’s, Morton’s, Swine, and Sushi Samba are just steps away Ample metered, valet, and garage parking available Growing residential population within walking distance
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105-107 miracle mile, coral gables, fl
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PROPERTY FEATURES Strong daytime traffic from concentration of office buildings within walking distance A preferred destination for professionals, offering restaurants such as Hillstone, Tarpon Bend, Fleming’s, Morton’s, Swine, and Sushi Samba are just steps away Ample metered, valet, and garage parking available Growing residential population within walking distance
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2320 galiano street, coral gables, fl
Artist rendering of proposed redevelopment 42
PROPERTY FEATURES Up to 5,413 SF landmark location available in the heart of Coral Gables fronting Galiano & Aragon divisible to 1,990 SF or 3,423 SF Located one block north of Miracle Mile Ample metered parking available 3 parking garages are located within walking distance, with one on each corner directly from the space Walking distance to over 175 multinational corporations in over 10 million square feet of office space (already there) Perfect for a showroom/retail/urban workspace
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suburban portfolio 45
4585 ponce de leon blvd, coral gables
Granada Golf Course
Miracle Mile Venetian Pool
Biltmo re Hotel & Country Club
Coral Gables Merrick House
Le Jeune
Granada Blvd.
Coral Way
Butterfly Ga rdens
Coral Gables Library
Bi rd Way Merrick Shops
Rivera Golf Course
Metrorail Station
Grand Ave.
Blue Rd.
University of Miami
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Rivera Drive
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Granada Blvd.
Red Road
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PROPERTY FEATURES Up to 30,000 SF space on ground floor of upscale 1,000 unit residential community available for retail/ restaurant/bank Rare opportunity located in the affluent community of Coral Gables with unique visibility and sight-lines from Miami’s busiest through fare - U.S. 1 Ideally positioned admidst ample daytime population, dense affluent residential, and adjacent to Village of Merrick Park Highly trafficked intersection of Ponce De Leon Blvd & Le Jeune Road
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20000 w. dixie hwy, aventura
Artist rendering of project
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PROPERTY FEATURES Exciting new mixed-use development in the Aventura submarket with 400 homes and up to 4,000 SF of retail Bays available as small as 790 SF up to 4,000 SF Excellent frontage along W. Dixie Hwy., just west of Biscayne Blvd On site parking Breaking ground: March 2015 DELIVERY DATE: 2nd Quarter 2016 CEILING HEIGHT: 14 feet
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120 ocean drive, miami beach
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PROPERTY FEATURES Rare retail leasing opportunity on the ground floor of the most exclusive Miami Beach building 54 feet of frontage on Ocean Drive Exclusive courtyard area Adjacent to popular celebrity spots such as Prime 112, Prime Italian, Joe’s Stone Crab, Smith & Wollensky, Estiato Milos & more
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16867 nw 67th avenue, miami lakes
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PROPERTY FEATURES Strong mix of local and national tenants with many in the top 10% nationwide 2nd generation restaurant outparcel available One of the highest grossing stores in the Navarro chain New multi-tenant outparcel opportunities available Join Navarro Pharmacy, Skechers, Boston Market, and McDonald’s Pylon signage available
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1405 south federal hwy, pompano beach
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PROPERTY FEATURES Publix, Marshalls, and Office Depot anchored center located on the NW corner of Federal Highway and McNab Road Average HH income of $67,769 in one-mile radius Great street traffic with over 55,000 cars daily Daytime population of more than 57,942 people in 3-mile radius Pylon signage available
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9789 glades road, boca raton
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PROPERTY FEATURES Bed Bath & Beyond, Old Navy, and SteinMart anchored center in west Boca Raton 220,426 SF retail center located at the northeast corner of the most desirable retail intersection (US441 & Glades Road) in Palm Beach County Great visibility (82,500 cars passing daily) Local population of over 180,000 with an average household income of over $82,000
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11325 south dixie highway, pinecrest
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PROPERTY FEATURES Located on 91,000 car-a-day US-1 between two landmark regional malls, Dadeland Mall and The Falls Outstanding sales performance with several tenants reporting sales approaching $1,000 per square foot Several restaurant opportunities available Services the county’s most affluent neighborhoods of Pinecrest and Palmetto Bay (average HHI over $120K) Originally built in 1955, Suniland Shopping Center stands as the Heart of Pinecrest
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1601 north congress avenue, boynton beach
N. CONGRESS AVE
QUANTUM BLVD
GATEWAY BLVD
PIZZA & PASTA BAR
RENAISSANCE DR
1601 N. CONGRESS AVENUE BOYNTON BEACH MALL
KIMURA JAPANESE OLD BOYNTON ROAD
BOYNTON BEACH BLVD
SAKAI JAPANESE
KINGDOM BUFFET N. CONGRESS AVE
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boynton beach
PROPERTY FEATURES Approximately 8,600 SF of space Located within a quarter mile of Boynton Beach Mall Adjacent to a newly renovated 170-room Courtyard by Marriott (60,000 guests per year) Elegantly high ceilings 36,000 cars daily on North Congress Avenue Daytime population of 35,000 within a 3 mile radius
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5320 norwood avenue, jacksonville
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PROPERTY FEATURES Property upgrades, totaling over $1 million, include new paint, landscaping and parking lot seal & stripe Join national tenants Publix, Walgreens, YouFit Health Club, Family Dollar and more One of Jacksonville’s busiest bus hubs with over 400,000 riders annually Well located on Norwood Avenue, accessibility and visibility from I-95
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1674 Meridian Avenue miami beach, fl 33139
1688 Meridian Avenue miami beach, fl 33139
801 41st street miami beach, fl 33140
PROPERTY FEATURES
PROPERTY FEATURES
PROPERTY FEATURES
350 to 10,000 SF offices available
350 to 10,000 SF offices available
1,000 SF offices available
Prime Miami Beach location one block from Lincoln Road, City Hall, and the Miami Beach Convention Center
Prime Miami Beach location one block from Lincoln Road, City Hall, and the Miami Beach Convention Center
Prime Miami Beach location at the on/off ramp of I-195, a primary transit artery to I-95 and 112 Expressway
Full floors available
Originally designed by renowned architect Morris Lapidus, who also designed Lincoln Road, Eden Roc, and Fontainebleau Hotel
On-site parking and additional city metered parking
Biometric fingerprint reader for secure access Brand new lobby
Full floors available, including a penthousewith amazing views
Building signage available Unlimited dining options on Lincoln Road
Biometric fingerprint reader for secure access New bathrooms and updated common areas
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Biometric fingerprint reader for secure access On-site property management, leasing and security Unobstructed views of Biscayne Bay and Downtown Miami
On-site parking
Easy access to Downtown Miami, South Beach, the Design District and Mount Sinai Hospital
Unlimited dining options on Lincoln Road
Walking distance to numerous restaurants, banks and markets
Office spaces
220 Miracle Mile, Coral Gables, FL 33134
11325 south dixie highway pinecrest, fl 33156
PROPERTY FEATURES
PROPERTY FEATURES
340 to 4,142 SF offices available
3,500 to 8,208 SF of office space available
The best location in Coral Gables on corner of Miracle Mile and Ponce De Leon Blvd
Large signage available
Recently renovated bathrooms and common areas with new roof and elevator A preferred destination for professionals with restaurants such as Hillstone, Starbucks, Tarpon Bend, Fleming’s, Morton’s, Swine, and Sushi Samba just steps away
Located on 91,000 car-a-day US-1 Servicing some of the county’s most affluent n eighborhoods such as Pinecrest and Palmetto Bay Ideal for any high profile office Tenant controlled HVAC Potentially subdivisible
Ample metered, valet and municipal garage parking adjacent to location
Ample free parking
Immediate “move-in” availability
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www.50eggsinc.com
www.sakayakitchen.com
www.amazinglashstudio.com
www.midtownchinese.com site CRITERIA
site CRITERIA
site CRITERIA
Territory: Miami-Dade, Broward and Palm Beach counties
Territory: Looking for a 2nd generation restaurant space across Miami-Dade County
Territory: Brickell, South Miami, Coral Gables, and Miami Beach
Developments: Shopping center endcap, free-standing, urban retail Space Considered: Prefer endcaps or free-standing, but will consider in-line with high visibility Population Density: 150,000 people within a 3 mile radius Size: 3,000 to 5,000 SF plus outdoor seating
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Space Considered: Endcap or outparcel preferred, will consider highly visible in-line locations
Space Considered: Looking for locations with affluent female population
Outdoor seating
Co-tenants: Massage, nails, waxing, beauty tenants
Size: 2,000 – 2,500 SF
Size: +/- 2,000 SF
tenANT REPRESENTATION
www.cherryblowdrybar.com
www.annaslinens.com
site CRITERIA
site CRITERIA
site CRITERIA
Territory: Miami Beach, Midtown, South Miami, Coral Gables, Aventura and Brickell areas
Territory: Southeast Florida
Territory: Southeast Florida
Developments: Shopping centers
Space Considered: Endcap or outparcel with drive thru
FRONTAGE: 20 feet preferred
Space Considered: Anchor, in-line, and outparcel
Locations with strong daytime and nighttime populations
Population Density: 150,000 people within a 3 mile radius
Locations with strong daytime populations Size: 2,000 to 3,000 SF
Size: 1,200 to 1,600 SF Size: 6,000 to 12,000 SF (Avg. store size is 9,600 SF)
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Joint Ventures Terranova provides due diligence expertise and market knowledge on the acquisition of valuable real estate assets. In one of the largest deals in South Florida history, six Lincoln Road buildings were recently acquired for $342 million, forming a unique portfolio of enduring generational value. The portfolio represented a core acquisition with a value-add element of immediate development potential. Two of the properties have already received approval for expansions enabling the accomodation of new flagship retailer opportunities. An additional development is currently under construction on Lincoln Lane, creating a three level building of unique architectural interest.
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Acquisitions
Size:
$20 million + or smaller if additions to existing portfolio
Location:
U.S. - Urban markets
Property Type:
Retail - High Street Retail, Urban Retail, Lifestyle centers, Redevelopments, Office, Multifamily, Industrial, Land – Will consider in Core location
Value-Added Strategies:
• Strategic leasing approach • Asset repositioning/rehabilitations • Strategic capital investments • Implementation of cost reduction programs • Pre-leased development
Structure:
• Portfolios or single assets • Property or partnership recapitalizations • Outright acquisitions or joint ventures • Equity capital • Note purchases
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executive profiles
STEPHEN H. BITTEL Stephen H. Bittel is the Chairman and founder (1980) of Terranova Corporation, leading a team of professionals in the ownership and operation of a commercial real estate portfolio valued at nearly $1.0 billion; graduated magna cum laude from Bowdoin College, 1978; law degree from the University of Miami School of Law, 1982; founded Petroleum Realty Investment Partners in 1999; has chaired and/or served on the ICSC Open Air Centers Conference, ICSC Capital Marketplace Program and the ICSC Florida Conference. A Miami native, Bittel has been a member of the Florida Bar Association, the Mortgage Bankers Association, the Young Presidents Organization (past Chair of the Miami Chapter and the YPO Real Estate Round Table, and past Co-Chair of the Miami Chapter of WPO); served as Director on the Boards of the Community Partnership for the Homeless, the Miami-Dade Expressway Authority, the Jackson Memorial Hospital Foundation, and the Boards or four public companies; served as Trustee member for the Greater Miami Chamber of Commerce, United Way of Miami-Dade and Temple Beth Am; has written numerous articles on real estate matters and spoken at professional conferences throughout the United States and Europe; in 2005 was awarded the South Florida Business Journal “Ultimate CEO” award. Bittel is a Board member and a Vice Chairman of Development of the National Jewish Democratic Council; has led the Greater Miami Jewish Federation’s Washington Mission in 2009 and 2010; and is an At-Large member of the Democratic National Committee, serving on the Rules and Bylaws Committee. Bittel currently serves on the Board of Teach for America Miami (TFA).
MINDY MCILROY As Terranova’s executive vice president, McIlroy oversees leasing, marketing and new business development for the company’s diverse retail portfolio, and has led the company’s strategy through its foray into mixed-use and High Street retail. With a track record of nearly a billion dollars in retail leasing deals, McIlroy’s expertise spans a wide gamut of retail properties, from suburban shopping centers to lifestyle entertainment centers to urban retail and mixed-use projects. She is a founding member of the Lincoln Road Property Owners Association; president of the Coral Gables Business Improvement District; board member of the National Parkinson Foundation and chairwoman of the Moving Day® Miami Committee; and serves as retail advisory board member of the Kelley A. Bergstrom Center for Real Estate Studies at University of Florida’s Warrington College of Business Administration. McIlroy has been ranked by CoStar as a Power Broker – Top Broker; acknowledged by the Coral Gables Chamber of Commerce as 2015 AXA Advisors Businesswoman of the Year; and recognized in 2015 by Real Estate Forum as a Southeast Woman of Influence. Originally from upstate New York, McIlroy is now an entrenched Miami resident whose industry knowledge and experience services various community organizations.
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Terranova Corporation leasing office 801 W 41st Street, Suite 600, Miami Beach, Florida 33140 leasing@terranovacorp.com 305.695.8700
Chairman: Stephen h. bittel sbittel@terranovacorp.com 305.779.8950 Executive Vice President: Mindy McIlroy mmcilroy@terranovacorp.com 305.779.8970 Director of Acquisitions: Andrea Molina amolina@terranovacorp.com 305.779.8925 Commercial Associates: Andrei Pintilie apintilie@terranovacorp.com 305.779.8903 elizabeth higgins ehiggins@terranovacorp.com 305.779.8906 India Turkell iturkell@terranovacorp.com 305.779.8908 Karen Maerovitz kmaerovitz@terranovacorp.com 305.779.8907 Michael nathanson mnathanson@terranovacorp.com 305.779.8961
terranova property listing I 2015 contains all of the company’s listings at the time of publication. Please visit www.terranovacorp.com for an updated list of our property listings.
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