TERRANOVA’S PORTFOLIO FALL/WINTER 2018
MERIDIAN AVE
EUCLID AVE
PENNSYLVANIA AVE
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DREXEL AVE
WASHINGTON AVE
LINCOLN ROAD
700 BLOCK 600 BLOCK 500 BLOCK 400 BLOCK
RETAILER MAP 800 BLOCK
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1100 BLOCK
ALTON ROAD
LENOX AVE
MICHIGAN AVE
JEFFERSON AVE
LINCOLN ROAD
Terranova Properties = 3
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 HIGH STREET RETAIL, LEASING & PROPERTY MANAGEMENT AND ACQUISITION/JOINT VENTURES. SERVICES ARE OFFERED TO A SELECT GROUP OF PARTNERS/CLIENTS WHO COUNT ON US TO MAXIMIZE THE VALUE OF THEIR REAL ESTATE.
HIGH STREET 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 co-invests with institutional partners, providing due diligence and market knowledge on the acquisition, development, and management of valuable real estate assets including forward-looking strategies to enhance their value and maximize the return on investment. Our acquisition criteria includes: Prime US locations with strong demographics Retail, Industrial, Office and Land Value-add through redevelopment or lease-up of core assets Deal size $20M+
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CONTENTS
TERRANOVA PROPERTIES HIGH STREET RETAIL PORTFOLIO LINCOLN ROAD
600 LINCOLN ROAD 719-737 LINCOLN ROAD 741-749 LINCOLN ROAD
06 08 14 18
801-821 LINCOLN ROAD 826-836 LINCOLN ROAD 723 LINCOLN LANE 1654 MERIDIAN AVE
22 26 30 32
MIRACLE MILE 200-230 MIRACLE MILE 245-247 MIRACLE MILE
34 36 40
257-263 MIRACLE MILE 308 MIRACLE MILE 348 MIRACLE MILE
42 46 48
PORTFOLIO PALM PLAZA SHADOWWOOD PLAZA DISTRICT 79 DORAL 220 MIRACLE MILE OFFICE SPACES 801 ARTHUR GODFREY OFFICE SPACES
50 52 54 56 58
EXECUTIVE PROFILES CONTACT INFORMATION
60 61
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LINCOLN ROAD
SHARED HISTORY... LEADING VISION You want to be in that destination where retail takes on a fresh hue, a vibrant look, an edgy flair. You want to be on the street where millions of people go to see and be seen, flanked by world trends along the most dynamic shopping and dining scene in the country. Others try to emulate it. There is only one original, Lincoln Road Let us show you the street that embraces history and innovation, culture and environment, local and global. Where bright sunlight is a year-round feature. Where a warm city opens its unique sights and sounds to the world, and the world shows up.
LET US SHOW YOU LINCOLN ROAD 6
PROPERTY FEATURES LINCOLN ROAD IS WHERE THE BEST GETS BETTER. WHERE TOP RETAILERS TAKE IT ONE STEP FURTHER AND BIGGER. • Top retail street in North America • An eight-block showcase of fashion, food and culture • 6+ million tourists strolling along Lincoln Road annually • Flagship stores from top worldwide retailers • Exceeding sales of $1,000 per square foot
NEIGHBORING TENANTS
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600 LINCOLN ROAD MIAMI BEACH
8
9
600 LINCOLN ROAD - FLOOR PLANS
3,660 SF
600 LINCOLN ROAD 10
818 SF
604 LINCOLN ROAD
1,429 SF
606 LINCOLN ROAD
1,215 SF
612 LINCOLN ROAD 11
1624-1630 PENNSYLVANIA AVE - FLOOR PLANS
1,795 SF 1,973 SF
1626 PENN AVE 12
1624 PENN AVE
TENANT 1 6,128 SF
TENANT 2 3,988 SF
600 LINCOLN ROAD, 2ND FLOOR 13
719-737 LINCOLN ROAD MIAMI BEACH
14
15
719-737 LINCOLN ROAD - FLOOR PLANS
MEZZANINE
1,825 SF
4,038 SF
727 LINCOLN ROAD 16
MEZZANINE
957 SF
2,668 SF
737 LINCOLN ROAD 17
741-749 LINCOLN ROAD MIAMI BEACH
18
19
741 LINCOLN ROAD - FLOOR PLANS
MEZZANINE
443 SF
2,345 SF
N. LINCOLN LANEAVE 1655 MERIDIAN
20
MEZZANINE
1,545 SF
4,065 SF
1661 MERIDIAN AVE 21
801-821 LINCOLN ROAD MIAMI BEACH
22
23
801-821 LINCOLN ROAD - FLOOR PLANS
1,455 SF
811 LINCOLN ROAD 24
1,673 SF
815 LINCOLN ROAD
1,558 SF
817 LINCOLN ROAD 25
826-836 LINCOLN ROAD MIAMI BEACH
26
27
826-838 LINCOLN ROAD - FLOOR PLANS
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1,273 SF
828 LINCOLN ROAD 29
723 LINCOLN LANE MIAMI BEACH
30 22
EATERY
GROUND FLOOR
STAIR #1
STAIR #2
CORRIDOR
UTILITY NICHE
CORRIDOR
STORAGE
FIRE PUMP ROOM
ELEVATOR LOBBY
MERIDIAN AVENUE
CORRIDOR
LOADING AREA
FPL VAULT
MAIN ELECTRICAL
TRASH ROOM
STORAGE/ JANITOR
N. LINCOLN LANE
MACY'S
MERIDIAN AVENUE
ROOFTOP
N. LINCOLN LANE 31
1654 MERIDIAN AVE MIAMI BEACH
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GROUND FLOOR
ROOFTOP
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MIRACLE MILE
NATURALLY AND ARTFULLY ENCHANTING There is a destination where work meets culture and enterprise meets inspiration. Where the texture of everyday life is richer. That destination is Coral Gables -- a city that was designed in grand style by its inhabiting founders, who believed urban environments should enhance human activity. That s why when you're in Coral Gables, your mind begins to lift from the ordinary, while your feet pursue well-grounded possibilities. You walk, because this is a city made for walking. You feel charged with the beauty of this environment. You come upon a fountain or a historic entrance. Life is enchanting, this city reminds you. Miracle Mile, Coral Gables historic Main Street, where sophistication is natural, elegance is easy, and history reaches into the present. On Miracle Mile, you take in the modern flow of a main corridor that connects to everything. Let us show you the place where dreams flourish and reality keeps up.
LET US SHOW YOU MIRACLE MILE 34
PROPERTY FEATURES MIRACLE MILE IS THE CENTER OF A UNIQUE CITY WITH UNCOMMON APPEAL. • A four-block pedestrian friendly east-west artery traversing the business district, where 50,000 professionals come to work every day. • 3+ million tourists strolling along Miracle Mile and its surroundings annually. • Flanked by a high-end business district that includes national and regional headquarters of nearly 200 major American, European and Latin American companies. • $1+ billion in annual retail expenditure in the Mile s 33134 zip code. • Trendy restaurants that make it a breakfast, lunch and dinner destination, offering the entire range from casual cafe to fusion cuisine. • Backdrop of popular community events, such as the monthly Gallery Night and the annual Coral Gables Wine & Food Festival.
NEIGHBORING TENANTS
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200-230 MIRACLE MILE CORAL GABLES
36
BREEZEWAY
PONCE DE LEON BLVD
ALLEYWAY
MIRACLE MILE
37
224 MIRACLE MILE - FLOOR PLANS
PARKING GARAGE
655 SF
2,200 SF
MIRACLE MILE
200 MIRACLE MILE 38
214 MIRACLE MILE
BREEZEWAY
ALLEYWAY
BREEZEWAY
PARKING GARAGE ALLEYWAY
378 SF
MIRACLE MILE
224 MIRACLE MILE
224 MIRACLE MILE 39
245-247 MIRACLE MILE CORAL GABLES
40
DW
55’-9”
OFFICE
245 MIRACLE MILE
1ST FLOOR
2ND FLOOR
2,457 SF
1,759 SF 2ND FLOOR 1,759 SF
23’-3”
13’-6”
19’-4” EXISTING OFFICE
OPEN TO BELOW
DW
MECH. ROOM
ENTRANCE ON MIRACLE MILE
245 MIRACLE MILE
245 MIRACLE MILE 41
257-263 MIRACLE MILE CORAL GABLES
42
MIRACLE MILE
43
257-263 MIRACLE MILE - FLOOR PLANS
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MEZZANINE
645 SF
1,624 SF
257 MIRACLE MILE 45
308 MIRACLE MILE CORAL GABLES
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2,242 SF
308 MIRACLE MILE 47
348 MIRACLE MILE CORAL GABLES
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5,702 SF
348 MIRACLE MILE 49
PALM PLAZA 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 Healthly balance of daytime & nighttime traffic One of the highest grossing stores in the Navarro chain New outparcel opportunities available Join Navarro Pharmacy, Skechers, Boston Market, and McDonald's
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SHADOWWOOD PLAZA 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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DESTINATION DORAL 7777 NW 41ST ST, DORAL
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PROPERTY FEATURES New construction, single story retail delivery: Q2 2020 Located at the epicenter of Doral with easy access from major thoroughfares, SR 826 (Palmetto Expressway) and SR 948 (NW 36th Street) Lofty 18' ft ceiling heights 161 dedicated retail parking spaces with an additional 400+ evening parking spaces available Multiple signage opportunities onsite with visibility on highly trafficked 79th Avenue
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220 MIRACLE MILE OFFICES 220 MIRACLE MILE, CORAL GABLES
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PROPERTY FEATURES Office space from 383 SF to 2,267 SF now available on the best corner in Coral Gables on Miracle Mile and Ponce De Leon Blvd Now available: Shared micro suites ranging from 237 SF - 592 SF with conference room and shared kitchen New bathrooms, common areas, and elevator Ample metered, valet and garage parking adjacent to location available 24-hour secured building access At the epicenter of downtown Coral Gables, steps away from popular restaurants, shops, and multinational corporations
2ND FLOOR - TOTAL OFFICE SPACE 21,561 RSF
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801 OFFICES 801 ARTHUR GODFREY, MIAMI BEACH
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PROPERTY FEATURES Class "A" Miami Beach offices from 368 SF to 4,446 SF, located at the on/off ramp of I-195, a primary transit artery to I-95 and 112 Expressway On-site parking and additional city metered parking available Front desk security guard with biometric fingerprint reader for secure access On-site property management, leasing & security Easy access to Downtown Miami, South Beach, Midtown, the Design District & Mount Sinai Hospital
2ND FLOOR
Walking distance to numerous restaurants, banks and markets
3RD FLOOR
24'-7"
N
14'-7"
HVAC SHAFT
44" AFF GFCI
26'-4" 21'-5"
T
KP
44" AFF GFCI
KP
PS
ELEVATOR
19'-0"
19'-4"
CB
LOBBY
ELEVATOR
8'-8"
32'-9"
34'-5"
4'-7"
22'-7"
11'-6"
26'-4" 13'-2"
15'-1"
5'-11"
5TH FLOOR
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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 of 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; and has led the Greater Miami Jewish Federation’s Washington Mission in 2009 and 2010. Bittel currently serves on the Board of Teach for America Miami (TFA).
MINDY MCILROY While commercial real estate is highly competitive, success requires dedicated attention, creative insight, and community connection. Mindy McIlroy brings these qualities to her role as Terranova’s President where she oversees leasing, marketing and new business development for the company’s diverse retail portfolio always with an eye towards innovation and opportunity. Her approach is strongly centered on producing long-term returns despite an ever-changing landscape. To that end, McIlroy employs more than 20 years and nearly a billion dollars in retail leasing deals across a gamut of retail properties to direct strategic decisions. Her broad expertise ranges from suburban shopping centers to lifestyle entertainment centers to urban retail and mixed-use projects. This widely varied field of experience also played a pivotal role in McIlroy successfully leading the company through its foray into mixed-use and High Street retail.
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Beyond a strong commitment to the fundamentals of profitable commercial real estate, McIlroy believes strongly in the power of networking and civic involvement. She is a founding member of the Lincoln Road Property Owners Association; served as president of the Coral Gables Business Improvement District in 2015 and 2016; and is currently a board member of the National Parkinson Foundation and Coral Gables Business Improvement District. She has been ranked by CoStar as a Power Broker – Top Broker; acknowledged in 2015 by Real Estate Forum as a Southeast Woman of Influence; and recognized by the Coral Gables Chamber of Commerce as the 2016 AXA Advisors Businesswoman of the Year.
CHAIRMAN:
STEPHEN H. BITTEL sbittel@terranovacorp.com 305.779.8950
PRESIDENT:
MINDY MCILROY mmcilroy@terranovacorp.com 305.779.8970
V.P. OF DEVELOPMENT: JOSH GELFMAN
jgelfman@terranovacorp.com 305.779.8936
COMMERCIAL ASSOCIATES: ELIZABETH HIGGINS
ehiggins@terranovacorp.com 305.779.8906
VANESSA FRANCIS vfrancis@terranovacorp.com 305.779.8934
TERRANOVA CORPORATION LEASING OFFICE
801 Arthur Godfrey Road, Suite 600, Miami Beach, Florida 33140 leasing@terranovacorp.com 305.695.8700
TERRANOvA PROPERTY LISTING I FALL/WINTER 2018 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. 61
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