MIAMI-Terranova is showing off its investing skills with its latest disposition. Its Flagler Retail Associates affiliate just sold Parkhill Plaza Shopping for $25.45 million, or $226.38 per square foot. Flagler saw a $19.4 million profit on the sale.

A subsidiary of Kimco Realty bought the 112,424 square foot center at 9501 W. Flagler St. Flagler acquired the asset in 2001 for $6.1 million, according to Flagler Retail president Stephen Bittel. Bittel and Ryan Grindler of Terranova teamed with CB Richard Ellis vice presidents Dennis Carson and Casey Rosen to represent Flagler.

“Parkhill Plaza is an example of Terranova’s exceptional ability to add value to a retail property,” Bittel said in a statement. “The center is in a great location at a great intersection. We added value every year of our ownership, generating investor returns over 10 times the original levered investment.”