Terranova Corporation, a prominent commercial real estate firm led by Chairman Stephen Bittel and President Mindy McIlroy, announced today that Atlantic City-based brand IT’SUGAR, the beloved candy store known for its whimsical sugar creations, has signed a 2,751 square-foot lease at 801 Lincoln Road. The landlord for this deal is PPF MBL Portfolio, LLC. This location marks the latest addition to IT’SUGAR’s confectionery empire, becoming the newest among its 100+ locations across the United States and Canada.
“Terranova is excited to embrace IT’SUGAR as part of Lincoln Road’s ever-evolving and diverse dining scene,” said Mindy McIlroy, President of Terranova, the driving force behind the property negotiations. “Lincoln Road is a vibrant hub for both dining and shopping, proudly competing alongside the nation’s most iconic districts. The addition of IT’SUGAR perfectly complements the vibrant culture and lifestyle we cultivate here at Terranova.”
Terranova Corporation stands tall as a significant property owner on Lincoln Road, dedicated to attracting tenants who stand as industry trailblazers in their respective fields. With IT’SUGAR joining the prestigious tenant lineup, Lincoln Road and its visitors are in for an immersive candy experience unlike any other candy store.
“We’re absolutely delighted to share the news about our latest location on Lincoln Road,” said Jonathan Schwartz, VP of Real Estate & Business Development of IT’SUGAR. “With hundreds of varieties of over-the-top sweets, humorous products, and beloved candy brands, IT’SUGAR transforms how the world experiences its favorite ‘sugary’ treats, and we are excited to bring our unique experience to Miami Beach.”
Terranova owns seven properties on Lincoln Road, amounting to over 137,411 square feet in leasable space. With the influx of new-to-market national restaurants to South Florida and Lincoln Road in particular, the addition of IT’SUGAR will be an asset in diversifying the district.
“We are happy to continue to cultivate Lincoln Road, bringing fresh concepts to Miami Beach,” said Stephen Bittel, CEO of Terranova. “Our dedication to enriching and reinvigorating the area fuels our goal to attract top talent and retailers. With Miami’s expansion and the addition of renowned stores, an exciting transformation is underway that reinforces the strength and continued growth of South Florida’s commercial real estate market.”