Terranova Corporation
Terranova Corporation is a privately held South Florida commercial real estate investment and advisory firm managing nearly $1 billion in assets, primarily high-street retail on Lincoln Road (Miami Beach) and Miracle Mile (Coral Gables), serving institutional investors, retail tenants, and municipal partners.
- Company typePrivate
- Founded1980
- HeadquartersMiami Beach, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Terranova Corporation does
Terranova Corporation is a privately held, Florida-based commercial real estate investment and advisory firm founded in 1980 by Stephen Bittel and headquartered at 834 Lincoln Road, Miami Beach. The firm operates as an opportunistic alternative investment platform with a portfolio of commercial real estate assets valued at nearly $1 billion, concentrated in South Florida's premier pedestrian retail corridors, primarily Lincoln Road in Miami Beach and Miracle Mile in Coral Gables. Terranova also maintains exposure to the Boca Raton market (Shadowwood Square) and one industrial/mixed-use redevelopment project, T2.0, at the former PepsiCo bottling plant in Doral.
The firm provides full-service commercial real estate capabilities, including leasing, property management, acquisitions, dispositions, financing, construction management, and development. Notable in-house products include The Lincoln Eatery (Miami Beach's first modern food hall), the Lincoln Road Pop-up Program, Studios on the Mile (an arts incubator in partnership with the Coral Gables BID), and the 93 Miracle Mile carbon-neutral building, Miami's first, featuring photovoltaic glass and HVAC systems using 30% of conventional energy. Architecturally significant projects are designed by Arquitectonica. The firm also makes opportunistic non-real-estate investments in companies such as eggXYt, Florida Dental Benefits, and Patroleum Realty.
Terranova's revenue model combines three streams: real estate investment returns from acquiring, developing, and disposing of assets (transaction-fee and capital-gains driven); professional service fees from CRE brokerage, leasing, and advisory work for select clients and partners; and managed-service revenue from asset and property management across its portfolio and select client mandates. Institutional capital partners include BlackRock and Deutsche Bank (RREEF). The firm employs 101-250 people and is led by Founder/Chairman Stephen Bittel, President Mindy McIlroy, VP of Development Josh Gelfman, and VP of Property Management Ozzie Dominguez.
Terranova Corporation firmographics
Firmographics- Name
- Terranova Corporation
- Legal name
- Terranova Corporation
- Website
- https://terranovacorp.com
- Company type
- Private
- Founded year
- 1980
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Terranova Corporation is a privately held South Florida commercial real estate investment and advisory firm managing nearly $1 billion in assets, primarily high-street retail on Lincoln Road (Miami Beach) and Miracle Mile (Coral Gables), serving institutional investors, retail tenants, and municipal partners.
- Ownership category
- akta.pro rank
Terranova Corporation industry classification
Industry- Product category
- Commercial Real Estate Investment
- NAICS
- Lessors of Other Real Estate Property (53119), Offices of Real Estate Agents and Brokers (5312), Real Estate Property Managers (53131)
- SIC
- Real Estate Dealers (For Their Own Account) (6532), Real Estate Agents & Managers (For Others) (6531), Lessors Of Real Property, Nec (6519)
- akta.pro primary industry
- Real Estate Investment Management (Acquisitions & Dispositions) (BPAJAMAK)
- akta.pro secondary industries
- Real Estate Investment Sales (Income-Producing Properties) (FSAEAJAC), Core Real Estate (Stabilized/Core-Plus) (FSAAAKAA), New Construction & Builder Sales (BPAJAAAB)
Keywords
Where Terranova Corporation is headquartered
LocationHeadquarters
- HQ city
- Miami Beach
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Terranova Corporation business model
Business model- GTM type
- B2B
- Offering type
- Services
Revenue model
- Real Estate Investment Returns: Terranova generates returns through opportunistic real estate investments, acquiring properties at favorable valuations and increasing their value through development, redevelopment, and active asset management before disposition.
- Commercial Real Estate Services: Full-service commercial real estate firm offering leasing, property management, tenant representation, acquisitions, dispositions, financing, construction management and development services to select clients and partners.
- Asset Management: Managing commercial real estate assets for clients and the company's own portfolio, valued at nearly $1 billion.
Go-to-market motion1 record
Distribution channels4 records
Marketing channels5 records
Terranova Corporation product offering
Product offeringCore offering
Terranova Corporation is an opportunistic alternative investment firm that owns, acquires, develops, and manages commercial real estate — primarily high-street retail properties on Lincoln Road (Miami Beach) and Miracle Mile (Coral Gables). The firm offers full-service commercial real estate capabilities including leasing, property management, acquisitions, dispositions, financing, construction management, and development for its own portfolio and select client/partners.
Product overview
Terranova Corporation is an opportunistic alternative investment firm focused primarily on U.S. commercial real estate with a portfolio valued at nearly $1 billion. The company operates a multi-product service model centered on high street retail property ownership and management (primarily Lincoln Road in Miami Beach and Miracle Mile in Coral Gables), complemented by leasing & property management services and capital markets activities. Notable branded offerings include The Lincoln Eatery (Miami Beach's first modern food hall), Studios on the Mile (art gallery/studio spaces), the Lincoln Road Pop-up Program, and the 93 Miracle Mile carbon-neutral building project. The company also maintains opportunistic investments in non-real estate sectors including eggXYt, Florida Dental Benefits, and Petroleum Realty.
Differentiator
Problem solved
Functional benefit
Products and services
- Commercial Real Estate Investment & Ownership Opportunistic acquisition, development, and ownership of U.S. commercial real estate assets, with primary focus on high-street retail corridors in South Florida. Portfolio is held for the firm's own account and through joint ventures with institutional partners.
- Leasing & Property Management Services
Quantifiable outcome
- Managed commercial real estate portfolio valued at nearly $1 billion
- +3 more outcomes
Companies that use Terranova Corporation
Customer profileNamed customers10 records
Segments4 records
Terranova Corporation technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Terranova Corporation partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core and minor.
- Torose EquitiescorePartnership with Torose Equities and Lndmrk Development to acquire the 255 Alhambra office building in Coral Gables for over $50 million. The partnership represents local developers working together on significant South Florida commercial assets.
- Lndmrk DevelopmentcorePartnership with Lndmrk Development and Torose Equities to acquire the 255 Alhambra office building in Coral Gables for over $50 million. The partnership represents local developers working together on significant South Florida commercial assets.
- TerracorePartnership with Terra (led by David Martin) on major commercial real estate transactions including the $55 million sale of the former PepsiCo bottling plant in Doral, Florida. Terra and Terranova acquired the 23.7-acre site for $40 million in 2018 and subsequently sold it for $55 million.
- eggXYtminorTerranova has opportunistic investments in eggXYt as part of its strategy to seize investment opportunities across various sectors beyond real estate.
- Florida Dental BenefitsminorTerranova has opportunistic investments in Florida Dental Benefits as part of its strategy to diversify investments across multiple sectors.
- Patroleum RealtyminorTerranova has opportunistic investments in Patroleum Realty as part of its strategy to diversify investments across multiple sectors.
- ArquitectonicacoreArquitectonica, the iconic global architecture firm notable for putting South Florida on the world design map, has designed key Terranova projects including The Lincoln Eatery food hall and the revolutionary 93 Miracle Mile carbon-neutral building.
Scale indicators8 records
Recent moves6 records
Expansion highlights3 records
Terranova Corporation competitors and assessment
Company assessmentDirect peers
- Sterling Organization: Florida-headquartered private commercial real estate investment firm focused on retail and grocery-anchored shopping centers in the Southeast U.S. Closest comparable to Terranova in scale, geography, and retail/high-street investment strategy.
- Phillips Enterprises: South Florida-based private real estate investment and management firm active in retail, office, and mixed-use properties in Miami-Dade and Broward. Directly comparable in regional focus and full-service investment/management model.
- Matan Companies: Mid-Atlantic and Florida-focused private commercial real estate investment, development, and management firm. Comparable in mid-market private scale and opportunistic acquisition/redesposition approach.
- RAL Companies & Development: Privately held commercial real estate development and investment firm active in mixed-use, retail, and office properties in Florida and the Southeast. Similar size band and full-service development/management capabilities.
Broad incumbents
- JLL (Jones Lang LaSalle): Global commercial real estate services firm offering investment sales, leasing, property management, and capital markets across all major asset classes. Terranova competes with its South Florida brokerage and property management teams for institutional mandates.
- CBRE Group: World's largest commercial real estate services and investment firm, providing brokerage, property management, valuation, and capital markets globally. Overlaps with Terranova on institutional leasing, investment sales, and asset management mandates in South Florida.
- Cushman & Wakefield: Global commercial real estate services firm with strong investment sales, leasing, and asset management practices. Competes with Terranova for institutional capital mandates and prime South Florida retail/office assignments.
- Colliers International: Global commercial real estate services and investment management firm with significant U.S. brokerage, property management, and capital markets operations. Comparable advisory and asset management offerings to Terranova's services.
- Marcus & Millichap: U.S.-focused commercial real estate investment sales brokerage with deep retail and net-lease expertise. Overlaps with Terranova's investment sales and acquisitions business for mid-market retail transactions.
Emerging players
- Federal Realty Investment Trust: Public retail-focused REIT owning high-quality open-air and mixed-use shopping districts in coastal U.S. markets. Operates a different ownership model but competes for premium retail tenant relationships and demonstrates an institutional benchmark for prime-corridor retail economics relevant to Terranova's Lincoln Road and Miracle Mile holdings.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Terranova Corporation social profiles
Digital presenceTerranova Corporation financial estimates
Financial estimateRevenue estimate
Valuation estimate
Terranova Corporation leadership team
Management profileNumber of profiles
Terranova Corporation subsidiaries and ownership
Company hierarchySubsidiaries3 records
Terranova Corporation funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Terranova Corporation M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Terranova Corporation
What does Terranova Corporation do?
Terranova Corporation is an opportunistic alternative investment firm that owns, acquires, develops, and manages commercial real estate — primarily high-street retail properties on Lincoln Road (Miami Beach) and Miracle Mile (Coral Gables). The firm offers full-service commercial real estate capabilities including leasing, property management, acquisitions, dispositions, financing, construction management, and development for its own portfolio and select client/partners.
Is Terranova Corporation a public or private company?
Terranova Corporation is a private company. It is currently operating.
When was Terranova Corporation founded?
Terranova Corporation was founded in 1980. It employs 101 to 250 people.
Where is Terranova Corporation based?
Terranova Corporation is headquartered in Miami Beach, United States, in the North America region.
How does Terranova Corporation make money?
Three revenue lines are on record. Real Estate Investment Returns are the primary driver. The others are commercial Real Estate Services and asset Management.
Who are Terranova Corporation's main competitors?
Direct peers on record are Sterling Organization, Phillips Enterprises, Matan Companies and RAL Companies & Development. Broad incumbents are JLL (Jones Lang LaSalle), CBRE Group, Cushman & Wakefield, Colliers International and Marcus & Millichap. Federal Realty Investment Trust is listed as an emerging player.
Does Terranova Corporation have an API?
No public API is recorded for Terranova Corporation.
What industry is Terranova Corporation in?
Terranova Corporation's product category is Commercial Real Estate Investment. Its primary akta.pro industry code is BPAJAMAK, Real Estate Investment Management (Acquisitions & Dispositions), with a secondary code of FSAEAJAC, Real Estate Investment Sales (Income-Producing Properties). Its NAICS code is 53119 and its SIC code is 6532.