Search
 

Terranova Sees $19M Profit on Retail Center Disposition

MIAMI-Anthony Blanco, managing partner of Plaza Advisors, tells GlobeSt.com's Jennifer LeClaire that Parkhill Plaza is one of South Florida's best Winn-Dixie anchored shopping centers.

By Jennifer LeClaire | Updated on September 28, 2011

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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2025 ALM Global, LLC. All Rights Reserved.