MIAMI-Terranova is on a retail roll. The company just announced a string of new leases at its shopping centers, including deals at Biscayne Plaza Shopping Center, Suniland Shopping Center, El Mercado Shopping Center and Westfork Plaza.
Stephen Bittel, Chairman and CEO of Terranova, tells GlobeSt.com the national chains are singing leases again. That’s good news for the South Florida economy, since retail is an early indicator of recovery.
“Retail sales are translating into new retail tenants from the national chains,” Bittel says. “Local tenants are still struggling to obtain financing. South Florida is among the healthier retail markets nationally, and South Broward and Miami-Dade counties are probably the healthiest in South Florida.”
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