Terra signs Publix, Ross Dress for Less as anchor tenants at local developments

December 4, 2020   |   South Florida Business Journal

Real estate developer Terra secured leases from both Publix Super Markets and Ross Dress for Less for ongoing developments.

The Miami-based developer said its brokerage partner Courtelis Company has signed nearly 60,000 square feet in new retail leases for its tri-county projects over the last six months despite the ongoing Covid-19 pandemic.

These two anchor tenant signings make up a majority of that square footage.

Lakeland-based grocery store chain Publix agreed to occupy 23,168 square feet at 16000 Pines Market, a 135,000-square-foot mixed-use retail development still under construction in Pembroke Pines. Publix will anchor this development from Terra.

In addition to the Publix signing, Terra announced that Verizon Wireless (2,531 square feet) and Everglades Family Dental (1,660) signed pre-leases in the development. 16000 Pines Market is slated to open in 2021.

California-based Ross Dress for Less, which has nearly three dozen stores in South Florida, will occupy 24,147 square feet within Doral Square, also is slated to open in 2021. Doral Square is a 150,000-square-foot retail center coming to the southeast corner of Doral Boulevard and 87th Avenue in Doral.

Ross will join previously announced anchor tenant Marshall's.

However, a spokesperson for Terra said gym chain 24-Hour Fitness, which had previously signed on to occupy 37,000 square feet within Doral Square, is to be replaced by another gym tenant. This comes after 24-Hour Fitness filed for Chapter 11 bankruptcy protection in June.

In addition to Ross, Terra announced that fast-casual restaurant chain Panda Express will occupy 2,200 square feet at Doral Square.

“We anticipate a continued need for lifestyle-centered developments that will serve at the pulse of South Florida’s neighborhoods featuring restaurants and retailers, as well as essential services such as grocers and local businesses that cater to the everyday needs of surrounding residents," Terra CEO David Martin said in a statement.

Rod Castan, president of leasing and management at Miami-based Courtelis Company, is overseeing leasing for Terra’s portfolio of retail developments, including 16000 Pines Market and Doral Square.

 

https://www.bizjournals.com/southflorida/news/2020/12/04/publix-ross-dress-for-less-sign-local-leases.html