M2E client, Terra Group buys post office site in Broward, obtains $48M to build retail

posted on Tuesday, October 17th, 2017 by Nina Tanazevic

In 2016, the City of Pembroke Pines approved a deal to sell the 27.4-acre site at 16000 Pines Blvd. to Terra Group for $23.5 million in a two-phased purchase. The city had previously acquired the property from the U.S. Post Office for $17.88 million.

The first phase of that deal just closed.
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