Wednesday, July 9, 2008

Terranova Signs Wachovia Securities to 7-Year Lease at Weston Corporate Centre in Weston, FL


MIAMI BEACH, FL– Terranova Corporation is proud to announce that Wachovia Securities, LLC, the nation's third largest brokerage group and a leading corporate and investment bank, has signed a 7-year lease at Weston Corporate Centre (top right photo) located at 2500 Weston Road in Weston, Fla. This will be a new location for Wachovia Securities.

Terranova senior commercial associate Gordon Messinger represented the landlord in the 5,600 square foot transaction valued at nearly $1.4 million. The deal marks the fourth deal signed at Weston Corporate Centre since the beginning of 2008, for a total of nearly 30,000 square feet.

Weston Corporate Centre is a showcase asset in South Florida’s office market. The 9.83-acre property, which fronts I-75 and Royal Palm Boulevard in the city of Weston, consists of two four-story buildings totaling nearly 150,000 square feet. The property benefits from its Weston location, with easy access to major expressways making it a sought after corporate destination within the Southwest Broward office submarket.

Wachovia Securities provides financial advisory, brokerage, asset management and other financial services to individuals, institutions and corporations through approximately 18,000 registered representatives in more than 3,700 locations nationwide. Headquartered in St. Louis, Missouri, Wachovia Securities is a nonbank affiliate of Wachovia Corporation (NYSE: WB).

Media Contact: Karen LaFleur, 305 695 8700, klafleur@terranovacorp.com

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