The Boca Raton Innovation Campus (BRiC), a 1.7-million-square-foot technology and life sciences hub in Boca Raton, has signed six new leasing agreements. BRiC has traditionally attracted companies with significant footprints as the state’s largest single-office complex. However, during its renovation, CP Group, Florida’s largest office landlord, shifted its strategy to target startups and growing companies in the technology and life science sectors looking for a modern environment and a comprehensive workplace ecosystem. The former IBM research and development facility is transforming into an amenity-rich campus through a $100 million capital improvement program.
“We are continuing to see an influx of cutting-edge companies flocking to South Florida in search of flexible, yet turnkey, workspaces to meet the needs of their employees,” Michael Perrette says, General Manager for BRiC. “BRiC is meeting this demand and sustaining the property’s legacy of innovation by cultivating state-of-the-art office environments with top-tier amenities that empower our tenants to lead their respective industries.”
The incoming tenants and renewals include:
- Engineering Express, a structural engineering firm.
- Hollywood.com, an entertainment company. CBRE’s Will Morrison represented the tenant.
- LandAirSea, a GPS tracking system manufacturer. Posh Realty’s Anthony Villagi represented the tenant.
- MODE Architects, a full-service architecture and design firm
- EdgeMed, a revenue cycle management platform for medical organizations, renewed its lease and signed for a new spec suite. Stagman Commercial Realty’s Jason Stagman represented the tenant.
- Orchid Bay Financial Holdings, an investment firm, renewed its lease and expanded its footprint at the property to a new spec suite.
“LandAirSea is thrilled to be moving into our new home at BRiC. BRiC offers us a combination of amenities, convenience, and comfort that not only makes us excited but impresses our clients and, importantly, our new Florida employees,” Greg Jacobson says, CEO of LandAirSea. “As we think about enrolling team members in the idea of coming ‘back to work,’ a big part of it is providing a safe, comfortable, and inspiring place for them to collaborate, create, and innovate. For us, there was nothing else that even came close to providing this environment, and new hires, vendors, and customers that are touring the facility are telling us we got it right.”
Jeff Kelly of CBRE represented the landlord in all six transactions. The respective tenants are scheduled to start occupying their spaces early this year, while the construction of additional spec suites is set to commence sometime in 2024.