The tenant is doubling its office space, adding a second floor to its previous lease at the mixed-use development, bringing the company’s total footprint to about 37,000 square feet.
Jon Blunk, Laurel Oswald, Constance Thomas and Cristina Glaria of TCRE are leading the office leasing efforts at the four-story office building.
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.
The lease allows Tricera to seamlessly backfill space to be vacated by Comerica Bank, which is moving out of 1675 Midtown when its lease expires in June 2023.
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.
Ownership is also planning extended wellness offerings for tenants. Currently the property offers complimentary weekly yoga classes, healthy snacks in the tenant lounge and a complimentary UBER service connecting One Clearlake to Downtown West Palm Beach.
Echelon Fitness is set to occupy 10,035 square feet.
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