With new tenant announcements, Boca Raton is becoming the real estate market to watch
Miami Beach, FL. – Terranova Corporation, a leading commercial real estate firm, and President Mindy McIlroy represented Shadowwood Square, a power center in Boca Raton, in its recent signing of two new tenants – Carter’s Retail Inc. (NYSE: CRI) and The Great Greek Mediterranean Grill. Carter’s Retail Inc., the largest branded marketer of baby and children’s clothing in the U.S., will occupy 4,442 square feet at 9831 Glades Road. The Great Greek Mediterranean Grill, a trans-generational Mediterranean dining experience, which will occupy 2,700 square feet at 9961 and 9963 Glades Road.
Over the last couple years, South Florida has seen an influx of high-end restaurants, businesses and retailers relocating their headquarters or expanding into the market. Boca Raton, known for its reputation as a luxurious city ranked on the IRS’s top 100 wealthiest U.S. cities list, has become an increasingly attractive option for companies seeking to make the move.
“We are thrilled to grow the Boca Raton community with the perfect additions of Carter’s Retail Inc. and The Great Greek Mediterranean Grill to Shadowwood Square,” Stephen Bittel, founder and chairman of Terranova, said. “With many businesses seeking to make their mark in the tri-county area, we are seeing an influx of family-focused businesses migrating to Boca Raton, a growing, family-oriented neighborhood.”
Carter’s Retail Inc. has been a trusted baby and children’s clothing vendor since its inception in 1865, having instilled a culture of care and quality. The company seeks out opportunities to positively impact the communities their stores are rooted in, finding ways to give back and ensure no product that could be used by a child is wasted.
Similarly, The Great Greek Mediterranean Grill is known for its heritage of tradition and togetherness, qualities sought after by family-friendly communities like Boca Raton.
Founded by two third-generation restaurateurs, the company has established an atmosphere of generational love while making patrons feel right at home, creating a dining experience based on their own childhood memories spent with family and friends.
The 220,426 square foot retail center is conveniently located in West Boca at the northeast corner of US-441 and Glades Road, a high traffic location seeing up to 82,000 cars passing daily.
These tenants join Bed, Bath & Beyond, Best Buy, Old Navy and Regal Cinema, among others, at Shadowwood Square, continuing to expand Boca Raton’s commercial real estate landscape.
About Terranova Corporation
Terranova Corporation is a commercial real estate and opportunistic investment firm with a core focus on U.S. real estate, and is known for its unique approach and active, fluid market activity. Founded in 1980 by Stephen Bittel, Terranova Corporation has advised clients and executed in the leasing and sales of a portfolio valued at $1 billion, with a long-standing commitment to building better communities. The firm has built a vast national platform and has remained dedicated to its South Florida roots as the largest property owner of Miami’s iconic high streets, Miracle Mile and Lincoln Road. Along the way, Terranova has cultivated and maintained relationships with key institutional partners for more than $5 billion worth of commercial projects, representing or partnering with some of the world’s strongest companies, including: Morgan Stanley; BlackRock; Principal Financial Group; Prudential; AEW; Lincoln National Life; Bank of America; JPMorgan Chase; GE Capital; GE Investments; Bank of New York; JP Morgan Chase; GE Capital; TA Realty; Chase Manhattan Bank; New York Life; and Travelers Insurance. For more information, please visit www.terranovacorp.com.