Tag Archive for: shops at the press

TCRE Named Exclusive Leasing Agent For The Offices at the Press, Former PB Post HQ In West Palm Beach

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TCRE has been named the exclusive leasing agent for The Offices at The Press, the former headquarters of the Palm Beach Post and part of an 8-acre mixed-use adaptive reuse redevelopment located at 2751 S. Dixie Highway in West Palm Beach.

Tricera Capital acquired the four-storyPalm Beach Post office building and neighboring former printing facility in 2019 and completed a comprehensive renovation and repositioning of the properties. The printing press and distribution facility was retrofitted into the Shops at The Press, which now features 120,000 square feet of new retail space, and the existing office building has been transformed into The Offices at the Press, with 136,000 square feet of flexible workspaces.

Jon Blunk, Laurel Oswald, Constance Thomas and Cristina Glaria of TCRE are leading the office leasing efforts at the four-story office building. The Offices at The Press encompasses 40,000 square-foot floor plates that can be customized from 5,000 square feet and up with the potential for 80,000 square feet of contiguous space with building signage and branding opportunities.

“We are thrilled to represent this trophy-class office building so widely recognized for its rich history,” stated Blunk, president, TCRE. “Tricera’s transformation and revitalization of this property delivers the excitement of dynamic and upscale workspaces, paired with an exceptional environment that embraces innovation and allows businesses to thrive. The Offices offer sleek, modern interiors with an emphasis on functionality and efficiency. Businesses that locate here will benefit from sought-after amenities and meticulously designed workspaces that are as unique as they are adaptable, all set in a prime location.” 

The office building features a new tenant lounge with meeting space, newly renovated lobby, common areas and restrooms, and a full back-up generator. Tenants will enjoy an abundance of amenities including Starbucks, Joseph’s Classic Market, Raw Jūce, the 35,000-square-foot Amped Fitness, Restore Hyper Wellness, Salons by JC, Calico Interior Design, and Tipsy Salonbar, all housed in the neighboring Shops at The Press. The Shops’ second floor offers the unique opportunity to lease 32,000 square feet of office or retail space within a former printing press.

The Offices at The Press continues to attract top-flight firms seeking to relocate or expand their footprint in South Florida. Current tenants include self-storage investor SROA Capital, coworking concept Knotel and The Palm Beach Post, which occupies 30,000 square feet.

The building is conveniently located at the intersection of US-1 and Belvedere Road and within walking distance to many restaurants and daily conveniences including Pig Beach BBQ, Sushi Jo, PB Wraps, Publix and many others.  The property offers direct access to I-95 and is in close proximity to Downtown West Palm Beach and The Square, Brightline Station, and adjacent to the historic El Cid district.

 

Tricera Capital Signs Nearly 50,000 SF Of Office Leases At The Press

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Tricera Capital, the Miami-based commercial real estate firm with a vast portfolio across the Southeast U.S., completed a substantial refinancing and secured numerous exciting leases at its pioneering mixed-use project – The Press – in West Palm Beach.

The new office leases account for a combined total of more than 68,000 rentable square feet.

The refinancing, which closed on July 29, adds $19 million to Tricera’s existing loan with Monroe Capital LLC of Chicago. Tricera plans to use the additional funds for tenant and site improvements and to continue the buildout of the ±136,000-square-foot Workspaces at the Press and the ±120,000-square-foot Shops at the Press.

Recently signed leases at the Workspaces at the Press include: SROA Capital – a self-storage real estate investment firm that leased ±25,900 square feet, Knotel – the global flexible office platform that leased 18,000 square feet, and Blue Sky Financial – a mortgage brokerage firm that finalized a ±5,200-square-foot lease renewal and relocation within the office building

“We are proud of the successful execution to date,” Tricera Managing Partner and CEO Ben Mandell said. “The product offering will fill a void for high-quality retail and office along the South Dixie corridor. The Tricera team also would like to thank Monroe Capital for its continued belief in our ambitious project.”

Jason Krane of Ackman-Ziff Real Estate Group arranged the financing transaction.

The firm found a way to modernize the asset while still maintaining the site’s integrity; paying homage to an important piece of the city’s history.

The Press also includes a newly constructed Starbucks, which opened in June 2021 and has upscale features and a drive thru.

Other members of the project team include:

  • Miami-based Red Door Construction, led by Gal Bensaadon
  • St. Petersburg-based Storyn Studio for Architecture, led by Everald Colas
  • St. Petersburg-based Ya La’ford, a renowned muralist who is creating public art displays on the project’s exterior façade