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Tricera and Merrimac are forward-purchasing over 13,700 square feet of ground-floor retail and restaurant space. Native Realty is representing Tricera in leasing the remaining retail and restaurant space at Soleste Seaside.
Wells Fargo now occupies two floors totaling approximately 45,000 square feet at Tricera’s 1675 Midtown office building following a 19,000-square-foot lease expansion.
In partnership with Society Wynwood developers PMG and Greybrook Realty Partners, Tricera and LNDMRK are forward-purchasing over 32,000 square feet of ground floor retail at the project.
The new joint venture adds 13 properties totaling ~299,000 square feet to Tricera Management’s portfolio.
Miami-based real estate firm bolsters executive team with experienced industry professional.
Tony Arellano of DWNTWN Realty Advisors represented both buyer and seller in the transaction.
Seasoned real estate veteran Scott Sherman has officially launched Torose Equities, a Miami-based real estate investment firm with a value-add urban retail, office and mixed-use strategy targeting the Southeastern United States.
Tricera is scheduled to deliver possession to its tenants by Q4 2022.
Tricera and Merrimac closed the acquisition of the ±16,500 square feet of retail and restaurant space in August 2020
Tricera acquired the buildings for $13.25 million in January 2019.