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Polsinelli PC issued the following announcement on July 13.
Am Law 100 firm Polsinelli congratulates client Tricera Capital on its acquisition of the One Clearlake office tower, another in a $200 million series of investments over the last four years in urban retail and mixed-use properties across Florida and Tennessee.
Polsinelli represented Tricera in its joint venture with New England Development, NDT Development and Rockpoint Group as the group acquired the recently renovated 18-story tower at 250 South Australian Avenue in West Palm Beach for $60.7 million.
“This deal reflects the exciting resurgence of opportunities in commercial and office space as the market bounces back. Tricera and its principals, Ben Mandell and Scott Sherman, are taking a truly visionary approach to investing in these once-again vibrant spaces,” said Eric Greenfield, Shareholder and the Division Chair for the Real Estate Division at Polsinelli. “We’re proud to be able to help make it