Sunday, April 6, 2008

Terranova Signs First Leasing Deal in Miami for Furniture Retailer EQ3


Deal at Midtown Park on North Miami Avenue is Valued at Over $3.6M

MIAMI BEACH, FL – Terranova Senior Commercial Associate, David Preston represented the tenant in the 10 year, 11,000 square foot lease. This marks the first store for the retailer in the state. EQ3 will open its doors 4th quarter 2008 at Midtown Park located at 3466 North Miami Avenue.

EQ3 is a concept inspiring the transformation of rooms within the intimate and emotional place of the home. EQ3 is about innovative rooms of affordable furnishings for simply living, alone or with others. The designs of EQ3 are globally inspired, and centered in the growing interest by many across all generations for a lifestyle expression reflecting modern living. This growing consumer group does not simply fit within a demographic category. Spanning all ages, those within this "psychographic" live with a strong set of beliefs and values, are educated, have an informed world view, and deeply value intentional behaviors.

EQ3 has been in the business since 2001 and now has 21 EQ3 stores across North America, with more under construction. EQ3 continues to expand its retail presence across North America and around the world. EQ3 showrooms are located across Canada in Vancouver, Calgary, Winnipeg, Toronto, London, Ottawa and Burlington. In the United States, locations can be found in the San Francisco Bay Area, Los Angeles, Grand Rapids, Richmond, Norfolk, Charlotte and Phoenix, among others. EQ3 products are also available through 300 in-store galleries across North America, Latin America, Europe and Asia.

Terranova exclusively represents EQ3 throughout Florida and is actively seeking new sites. To learn more about EQ3 visit their website at http://www.eq3.com/.

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