Miami firm invests in St. Petersburg retail space

Tricera Capital buys ground-floor retail in The Related Group’s Icon Central apartment tower for $11.1 million.

  • By Observer Staff
  • | 4:50 p.m. July 28, 2021
  • | 0 Free Articles Remaining!
COURTESY PHOTO — Tricera Capital has acquired the ground-floor retail in The Related Group’s Icon Central apartment tower for $11.1 million.
COURTESY PHOTO — Tricera Capital has acquired the ground-floor retail in The Related Group’s Icon Central apartment tower for $11.1 million.
  • Commercial Real Estate
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Tricera Capital, a Miami-based firm that has made significant investments in downtown St. Petersburg and Sarasota over the past four years, has acquired the ground-floor retail space in a recently completed apartment tower in St. Petersburg.

Tricera’s purchase of the retail space in the 15-story Icon Central and the adjacent Union Trust Bank Building, at 855 Central Ave., follows deals for more than a dozen other properties in the city.

 

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