 |
Amy Acierno
|
WEST PALM BEACH, FL,
Feb. 19, 2021 – Tricera Capital,
the Miami-based real estate investment firm, finalized a long-term lease with Joseph’s Classic Market to
anchor Shops at the Press, the retail component of the firm’s pioneering
mixed-use project - The Press - in West Palm Beach.The redevelopment of the Palm Beach Post campus
is a shining example of creative adaptive re-use and expected to reinvigorate
the city’s Dixie Highway corridor.
Joseph’s, an upscale family-owned Italian
specialty market founded in 2005 by New York native and longtime Palm Beach
County resident Joseph Acierno,
is leasing more than 15,000 square feet at Shops at the Press.
 |
| Ben Mandell |
It will
serve the rapidly growing downtown West Palm Beach residential population and
become a vital amenity for the professionals based in the adjacent Workspaces
at the Press, the 140,000-square-foot office component of Tricera’s project.
Joseph’s was established to bring anyone who
loves food an exceptional shopping experience.
Shops at the Press is Joseph’s first West Palm
Beach location. Joseph’s has several additional locations in Palm Beach County,
including a recently opened market at Simon Property Group’s Town Center at
Boca Raton.
“We are thrilled to welcome Joseph’s Classic
Market to Shops at the Press,” Tricera Co-Founder
and Managing Principal Ben Mandell said.
“Our office
tenants next door will love having easy access to healthy, fresh gourmet
grab-and-go meals. Joseph’s also fills a major void for a high-quality upscale
specialty grocer that directly caters to the affluent surrounding community.”
 |
Scott Sherman
|
Known for its fresh ingredients and unparalleled
customer service, Joseph’s will offer superior meats and seafood, fresh
produce, a hot bar and cold bar, scratch-made bakery, New York pizzeria,
chef-prepared entrees and side dishes, gourmet catering and an Italian deli at
the Shops at the Press location.“Our family cannot wait to bring our gourmet
market and chef prepared meals to meet the daily needs of West Palm Beach
residents and professionals,” Acierno said.
“We are a fourth generation, locally owned and
operated business that serves a delicious alternative to dining out and
provides an experience comparable to traditional restaurants at affordable
prices.”
 |
| Cameron Tallon |
Amy Acierno of
Florida Communities Realty, LLC represented the grocer in the Shops at the
Press lease.Tricera expects
to deliver the Joseph’s space in mid-2022. Meanwhile, the firm is nearing
completion of the Starbucks outparcel on the project site at the hard corner of
Belvedere Road and South Dixie Highway. The Starbucks is scheduled to open to
the public in June 2021.
With The Press, Mandell and fellow Tricera Co-Founder and Managing Principal
Scott Sherman are bringing much-needed retail, offices, entertainment
and public art to West Palm Beach while preserving an important piece of the
city’s history.
Nearly all existing structures are to remain,
including the Post’s office building and printing press. The project name is a
nod to the Post’s legacy at the site.
 |
| Ya La’ford |
For Workspaces at the Press, Tricera has recently completed an
extensive renovation of the existing four-story office building.
The Post
has signed a new long-term lease and are now occupying 35,000 square feet on
the second floor. Cameron Tallon,
senior vice president for JLL’s agency leasing team, is handling office leasing
on behalf of Tricera.
 |
Everald Colas
|
Other members of the project team include:
·
Miami-based General
Contractor Red Door Construction, led by Gal Bensaadon
·
Architect Everald Colas of St.
Petersburg-based Storyn Studio
for Architecture
·
St. Petersburg-based artist Ya La’ford, a renowned muralist who is creating
public art displays on the project’s exterior façade
About Tricera Capital:
Miami-based Tricera Capital is a real estate
investment firm focused on value-add, urban retail, office and mixed-use
investments and developments throughout the United States.
Since launching in 2017, Tricera’s principals have leveraged their
institutional real estate experience, relationships and entrepreneurial spirit
to create off-market opportunities and quickly amass a portfolio in select
target markets.
The principals are seasoned real estate
professionals with deep track records of success in deal sourcing,
acquisitions, syndication and leasing.
Their experience enables Tricera Capital to strategically identify
and execute deals and move swiftly to create value by repositioning assets and
upgrading the tenancy to deliver superior returns to investors.
CONTACTS:
Eric
Kalis
954-370-8999
ekalis@boardroompr.com
Daniel
Benjamin
Senior
Account Executive
BoardroomPR
dbenjamin@boardroompr.com
O 954-370-8999
C 954-618-8287
Bank
of America Plaza | 1776 N Pine Island Road
Suite
320 | Fort Lauderdale, FL 33322
Web | Facebook | LinkedIn | Twitter | Instagram
www.triceracap.com.
