Stephen Bittel Of Terranova Corporation Leases Office Space To Moxies And Industrious In Coral Gables

The office asset consists of two locations: 93 Miracle Mile, which features a lease of 18,800 square feet, and 255 Alhambra Circle, which offers 22,700 square feet. The total square footage across both properties is 41,500, situated in the Coral Gables market.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not disclosed
• Address: 93 Miracle Mile & 255 Alhambra Circle
• Landlord: Stephen Bittel - Terranova Corporation
• Tenant: Joanne Forrester - Moxies; Jamie Hodari - Industrious
• Landlord's Representative: Stephen Rutchik & Kevin Gonzalez - Colliers; Mindy McIlroy & Lauren Robbins - Terranova
• Tenant's Representative: Matthew Cheezem - Cushman & Wakefield

The leases are part of a strategic effort by Terranova Corporation to attract tenants to suburban locations, providing alternatives to Miami’s urban core with lower occupancy costs. These leases are noted as two of the largest recent transactions in the company's portfolio.