Merritt Sher has been a real estate innovator since founding Terranomics in 1970. In addition to serving as Chairman of Terranomics Corporation, he is a principal in Metrovation. Mr. Sher has played a key role in the creation of some of America's most successful commercial real estate projects, including the nation's first Power Center, 280 Metro Center in Colma, CA; the "lifestyle center" The Grove at Shrewsbury in Shrewsbury, NJ; and Jack London Square in Oakland, CA.
Mr. Sher has been a board member and early stage investor for several national companies, and has served as a real estate consultant for such retailers as The Gap, where he arranged the firm's acquisition of Banana Republic. In 1989, he formed Terranomics Retail Services as the brokerage division of Terranomics. It became one of the nation's largest retail real estate brokerages, specializing in tenant representation, project leasing and institutional property management, representing several million square feet of retail space and many of the nation's leading retailers. In 1997, Federal Realty Investment Trust acquired Terranomics Retail Services, which has since been purchased by BT Commercial.