Terranova Corp. has signed international retailer Staples as an anchor tenant at Pompano Marketplace in Pompano Beach, Fla., a deal that brings the shopping center to 96 percent occupancy and gives Staples its first Broward County location.

 

Terranova Director of Leasing Mindy McIlroy and Commercial Associate Marsha Griffiths represented the landlord in the 10-year lease, valued at nearly $3.5 million. Staples is taking over 22,000 square feet of space, formerly occupied by Baer’s Furniture, with plans to open its new store in the fourth quarter of 2006.

 

The deal is a first between Terranova Corporation and Staples. The office supplies store operates over 1,700 retail stores throughout the United States and Canada, but previously did not have a presence in Broward County.

 

Pompano Marketplace is in Pompano Beach, on Federal Highway. The city’s business and industrial parks are growing hubs of regional commercial activity, while its oceanfront is experiencing rapid residential redevelopment.

 

Staples carries over 7,000 brand name products for businesses and home offices, including supplies, furniture, small business machines, computers and peripherals. Staples is traded on the NYSE with a market capitalization of over $18 billion.

 

The tenant mix at Pompano Marketplace includes Stein Mart, Jo-Ann Fabrics & Crafts, Dollar Tree and Carrabba’s Italian Grill.

 

Terranova Corporation, South Florida’s leading commercial real estate advisory firm, currently is involved with commercial real estate assets for its clients and its own portfolio, valued at over $1.5 billion. The company offers complete commercial real estate services.

 

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Inman Connect is LIVE tomorrow! Join us and thousands of your peers from wherever you are.Register Today×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription