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.
The transaction is the first West Palm Beach market purchase for ALP and continues the expansion of the firm’s national industrial footprint.The portfolio is 98% leased with a diverse rent-roll of over 40 tenants.
Here are the most popular news headlines this past week on CRE-sources.
The tenant will occupy 131,411 square feet of space in Building 6 upon its completion in mid-2024.
The CBRE team has been retained to handle leasing for the property. Built in 1999, the single-story building features 24-foot clearance and three dock-high doors as well as a ramp.
Drew Kristol and Kirk Olson, investment specialists in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, MMG Equity Partners.
The non-profit organization will more than double its footprint.
Colliers South Florida’s Kevin Gonzalez, Jake Freeman and Ana Paula will lead leasing efforts.
The 78,000-square-foot lifestyle-driven retail development spans 5.2-acres.
Stream’s first Florida office opened in January of this year in Fort Lauderdale, led by Greg Katz, who came to the firm from Newmark together with four team members.