Sunday, April 20, 2008

Terranova Signs $1.3M Deal with Professional Bank in Coral Gables, FL

(Scenic Coral Way, a major thoroughfare in Coral Gables, FL)


MIAMI BEACH, FL--Terranova Corporation represented Professional Bank, a new locally owned community bank that will be headquartered in Coral Gables, Florida at the Plaza San Remo (photo at right) at 6705 Red Road. Plaza San Remo is a new seven-story, 180,000-square foot, mixed-use development that also includes medical-office condominiums and a 739 space structured parking garage.

Terranova Senior Commercial Associate, Gordon Messinger represented the Professional Bank in the 10 year, 2,750 square foot lease valued at nearly over $1,300,000.

Professional Bank a State chartered, FDIC approved bank will open in late summer according to Gary Moss, the Bank’s President. Moss went on to say that” Professional Bank will target professionals, business people and other high net worth individuals in the Pinecrest, South Miami, Coral Gables, Downtown Miami and other surrounding areas.”

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