Construction of the property was completed about three monthsago. It was acquired from Safety Harbor-based developers ParadiseDevelopment Group. Terranova will handle the leasing and managementof the property. The center is next to Westfork Plaza, which thejoint venture acquired last year.

Among tenants in Westfork Plaza are Costco, Office Depot andWinn Dixie. Among tenants in Paraiso Parc are SunTrust, Triple AAAand Panda Express. Paraiso Park is 99% occupied, Terranova chairmanStephen Bittel tells GlobeSt.com.

"This acquisition grows our presence in Pembroke Pines, one ofthe top retail markets in all of South Florida," Bittel says. "Thenew Paraiso and the adjoining Westfork Plaza are two of the bestcenters in that market, forming a powerful combination of over $100million of retail real estate drawing power to serve the demand forspace, merchandise and services in that part of southwestBroward."