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Related Ross Secures Funding for Boca Raton Innovation Campus Acquisition

Related Ross Secures Funding for Boca Raton Innovation Campus Acquisition

The sprawling 1.7-million-square-foot Boca Raton Innovation Campus has a new owner, with Related Ross finalizing the acquisition of the historic Florida tech hub. Newmark Group facilitated the financing for the 124-acre site, which originally served as the birthplace of IBM’s first personal computer.

The financing deal, managed by Newmark’s Jordan Roeschlaub, Nick Scribani, John Caraviello, and Josh King, secures capital from Ares to support the transition of the property. Located at 5000 T-Rex Avenue, the site remains one of the largest employment centers in Boca Raton, featuring significant scale and proximity to Florida Atlantic University and the Boca Raton Airport.

Related Ross intends to maintain the facility as a premier office and technology campus while implementing a long-term development strategy. This vision includes integrating a curated mix of retail, restaurant options, and enhanced amenities to complement the existing 800-seat presentation hall and shuttle services. The acquisition marks the firm’s strategic entry into Boca Raton and further expands its commercial footprint across Palm Beach County.

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