Terranova Corp. Signs 7 New Retail Leases

MIAMI BEACH, FL, April 7, 2009 – Showing strong performance in a challenging business environment, Terranova Corp. has signed seven new retail leases in the last sixty days, bringing valuable new tenants to several of its shopping centers.

Patagonia Deli Market has signed an 2,675-square foot, five-year lease on Miracle Mile, (top right photo)at 244 Miracle Mile in Coral Gables, where it will offer an open air style gourmet market selling for on and off premise consumption barbecue style meats, Argentinean wines, pastries and imported Latin American grocery items.

· Rob’s Bageland has signed a 4,518-square foot, five-year lease at Shops at San Marco, a Publix-anchored center at 13800 S. Jog Road in Delray Beach. This is the deli’s second location in Broward County where it is creating a following for its breakfast, lunch and dinner menu.

· Cine-It Burger and Grill has signed a 2,517-square foot, five-year lease at 11509 S. Dixie Highway, in the Suniland Shopping Center, (top left photo) where it will introduce its original restaurant concept: serving homemade burger meals and other favorites, while showing clips of popular films on large screen TVs.

· One Price Dry Cleaning has signed an 822-square foot, three-year lease also at Suniland, where it will offer professional, reliable and affordable dry cleaning services to the Pinecrest area.

· Nuevo Mundo Multiservices has signed a 1,600-square foot, five-year lease at Parkhill Plaza, a Winn Dixie anchored center at 9535 W. Flagler Street in Miami, where it will sell cellular phones and offer services that range from money transfers to Central and South America to U-Haul truck rentals.

· Pines Discount Pharmacy has signed a five-year, 987-square foot lease at Palm Johnson, a Winn Dixie anchored center at 9940 Johnson Street just north of Pines Boulevard in Pembroke Pines, where it will provide the personalized service of an independently owned pharmacy.

· Low Price Insurance has signed an 861-square foot, three-year lease at Palm Plaza, at 16801 NW 87th Avenue in Miami, where it will offer consumer and commercial insurance, document preparation for certain transactions and notary public services.

“With our leasing team’s creativity and hard work, we keep adding value to our properties, even in these tough times,” said Terranova executive vice president Mindy McIlroy. “In this economy, deals don’t fall on your lap, which makes me especially proud of our performance this year.

Contacts:

Karen Lafleur, klafleur@terranovacorp.com
Mindy McIlroy, mmcilroy@terranovacorp.com