Tricera Capital co-founder and managing principal Scott Sherman. Courtesy photo
Tricera Capital has secured a $50.75 million construction loan to redevelop The Press in West Palm Beach. Monroe Capital closed the loan through its Opportunistic Private Credit group, which focuses on complex and special situation structured debt and equity.
The adaptive-reuse project is located on 11 acres at 2751 S. Dixie Hwy. on the Palm Beach Post campus. The existing structures are being preserved, and the project will also include a 125,000 square feet of retail called Shops at the Press, and 140,000 square feet of office space branded, called Workspaces at the Press.
