Based in Toronto, Terracap Group is controlled by Larry Krauss, a lawyer by profession with over 30 years of real estate experience. Larry started in the real estate business by providing tax efficient real estate investment structures and advice to his clients. In short order, Larry became an active participant in real estate and his clients became investors in real estate deals he sourced and managed.
Terracap Group has been involved in over 40 real estate deals over the last 30 years across North America. The real estate deals have been diverse, including multi-residential properties, development lands and retail and office income producing properties. Terracap Group has bolstered the value of the investments through active management, tax innovative structures, redevelopment, re-merchandising plans, creative financing as well as securing underperforming assets in key markets and repositioning the properties.
Terracap Group investors represent some of the top tier business leaders and high net worth individuals in both Canada and the US. Through its excellent track record of success, Terracap Group has continued to grow and lever off its strong history and professional staff to secure and manage strategic investments. Today, Terracap Group and its related companies own and manage over 2 million square feet of predominantly nationally tenanted retail centers spanning British Columbia to Quebec. Terracap Group has commercial interests in the southern US including some dominant multi-residential projects in Dallas.
Our recent acquisitions include a 30 acre re-development site in West Edmonton, a 350,000 square foot shopping centre in Montreal, a 85,590 square foot grocery anchored retail plaza in Ottawa and Frontier Mall in North Battleford, Frontier Mall is an enclosed centre with about 200,000 square feet of retail space.
Our flagship project in West Edmonton is underway with a master plan for developing 500,000 square feet of class A office space (of which 125,000 square feet has been leased to Finning International Inc.), 115,000 square feet of prime retail space and a 125 room hotel.