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.
A partnership among Miami-based real estate investment firms Torose Equities, Lndmrk Development, and Terranova Corporation has acquired 255 Alhambra, an approximately 220,000-square-foot Class A office building in downtown Coral Gables. The acquisition gives the JV access to one of Miami’s most sought-after office submarkets. 255 Alhambra, located on 1.3 acres on Alhambra Circle, offers top-notch amenities, including floor-to-ceiling windows, a newly renovated lobby, and proximity to Coral Gables’ best restaurants and entertainment. The seller was an affiliate of Deutsche Bank/RREEF. The JV partners plan to further amenitize the property, building on the recent improvements and capitalizing on the demand for Class A office space in Coral Gables.