Office Buildings in a “War for Talent”

Enjoy the below excerpt from the article “Office Park Near Miami Becomes the Latest to Add Perks to Compete” by Paul Owers of CoStar.

Call it the Facebook effect. New high-tech campuses in California built by social media giant Facebook and search engine Google have spurred workplace makeovers across the nation, and building owners have taken notice. In those campuses, the key is to make the workplace a fun place to hang out, with game tables and available food, with one benefit being that workers may hang around the workplace longer. As more offices adopt the practice, others feel the need to keep up.

Pexels.com/Marc Mueller

Savvy landlords are giving their office buildings a sense of place and making them sites for “playful entertainment,” said Neil Merin, chairman of the NAI / Merin Hunter Codman brokerage in West Palm Beach, Florida. “That’s the way people prefer to work today,” Merin said.

Merin is working with the new owner of The Palm Beach Post building in West Palm Beach to turn a sterile conference room on the first floor into an inviting meeting space that could feature a coffee bar and lounge areas.

“A really hip hotel lobby – that’s exactly what I’m shooting for,” he said.

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Hot Off “The Press”!

Out with the Palm Beach Post (campus) and in with The Press

— NAI/Merin Hunter Codman tapped to manage and lease former 300,000 square foot Palm Beach post campus. —

West Palm Beach, Fla. – NAI/Merin Hunter Codman, Palm Beach County’s leading commercial real estate firm, is proud to announce the property management and leasing assignment of The Press, the former 300,000+ square foot, 11.4-acre Palm Beach Post campus located at 2751 S Dixie Highway in West Palm Beach. Tricera Capital acquired the campus for $24 million from Palm Beach Post Newspapers, an affiliate of Cox Media Group in early March 2019.

Tricera Capital, headed by Scott Sherman and Ben Mandell plans to transform the campus, now titled The Press, into a unique and innovative retail, entertainment and office space experience. The Press will consist of two concepts. The property’s warehouse component will be converted into The Shops at The Press and the office building will be transformed into The Workspace at The Press.

“Scott and Ben of Tricera Capital have vision, determination and knowhow. They are experienced redevelopers who successfully identify and develop unique and inspiring projects in sometimes older, over looked areas. Areas that are rich in history with properties that are begging for their unique stories to be told. NAI/Merin Hunter Codman is honored to partner with Tricera, to tell the story of The Press”, stated NAI Merin Hunter Codman Chairman, Neil E. Merin, SIOR, CCIM.

The NAI Merin Hunter Codman leasing team consists of Chairman, Neil E. Merin, SIOR, CCIM and Commercial Associates Christopher T. Smith and Jaime Chamberlin. To learn more about leasing opportunities please call 561-471-8000. 

CLICK HERE to view the full Press Release

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