Terranova Affiliate Sells Shopping Center in Metro Miami for $66.5M
PINECREST, FLA. — Suniland Associates Ltd., an affiliate of Terranova Corp., has sold the 82,000-square-foot Suniland Shopping Center to a Denver-based REIT for $66.5 million. The asset is located on 7.1 acres along U.S. 1 in Pinecrest, a southern suburb of Miami. The property’s tenant roster includes Flanigans, SunTrust Bank, Citicorp, the U.S. Post Office, CVS/pharmacy, Nicklaus Children’s Hospital, Pete’s Barber Shop and Wagons West. Mark Gilbert of Cushman & Wakefield brokered the transaction.