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Florida & Gulf Coast  + South Florida  + Retail  | 
Terra’s 16000 Pines Market retail development in Pembroke Pines has traded hands to Apollo Realty Income Solutions (ARIS), a real estate investment arm of Apollo Global Management.

Terra Completes $56M Sale of Pembroke Pines Market Mixed-Use Retail

Terra’s 16000 Pines Market retail development in Pembroke Pines has traded hands to Apollo Realty Income Solutions (ARIS), a real estate investment arm of Apollo Global Management. The 135,000 square foot center is 100-percent leased, with a tenant roster including Publix Supermarket, Crunch Fitness and Burlington.

The Cushman & Wakefield team of Mark Gilbert and Adam Feinstein represented Terra in the transaction. Situated on 13.2 acres, construction was completed in two phases between 2020 and 2022.

“Creating a retail environment that meets the needs of today’s consumers is about much more than simply filling storefronts,” said David Martin, CEO of Terra. “At 16000 Pines Market, we curated a retail mix driven by restaurants, grocery, and everyday services – tenants that aren’t forced to compete head-to-head with e-commerce when it comes to serving nearby residents. That formula, coupled with strong buyer demand for a top-tier newly developed asset in one of South Florida’s most popular suburban neighborhoods, ultimately led to this sale.”

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About Angela Noote

Angela Noote is a native of Northern California and graduated from Chico State with a degree in public relations. After college she moved to the Central Coast and worked first in ad sales then in editorial, eventually spending more than a decade as a print reporter and editor. She detoured into design work at a printer/publisher, and with a partner eventually opened a boutique full-service marketing agency. Moving into corporate communications, she built and managed several successful marketing teams in the hospitality, financial services, and nonprofit industries. Most recently she was an internal comms manager in the tech sector. After a long stint spent in Georgia (Go Dawgs), she moved to Baton Rouge, LA and has written for clients in the financial, luxury imports, higher ed, commercial cleaning, and medical equipment industries. Her son is a media arts major at the University of South Carolina, and her husband owns a comedy theater in Baton Rouge, where you can often find Angi teaching improv classes, leading corporate training events, or doing an occasional stand up set.

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