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Boca Raton News

ARTICLE

Date ArticleType
3/25/2025 8:14:45 PM General

Colliers awarded leasing of the Research Park at FAU in Boca Raton

Boca Raton continues its run as an epicenter for commerce, attracting office, healthcare, research, and technology firms with its highly skilled workforce, academic collaborations, and connectivity. As the exclusive listing broker, Colliers Executive Vice Presidents Derek Baker, Gary A. Gottlieb, and Vice President Marc Fechter are pleased to announce leasing opportunities at the Research Park at Florida Atlantic University (FAU), located at 3600-3998 FAU Blvd. in Boca Raton, Florida.

The Research Park at FAU is comprised of more than 308,000 square feet across seven buildings adjacent to Florida Atlantic University (FAU) and the Boca Raton Executive Airport. The park offers convenient access to I-95 via a newly constructed interchange, enhancing connectivity within a vibrant community of entrepreneurs and academic researchers. FAU is recognized as the leading doctoral-level research university in the nation, serving 30,000 students.

“We are excited to partner with PEBB Enterprises and Banyan Development to lease the Research Park at FAU,” said Baker. “The park consists of 308,000 square feet across seven buildings, with flexible zoning to accommodate office, research, medical, manufacturing, and technology tenants. With tenants having access to Florida Atlantic University’s extensive resources, the park offers an ideal setting for business innovation and growth.”

Renowned as the premier project for entrepreneurial ventures and cutting-edge technologies, the Research Park at FAU is South Florida’s only state university-affiliated research park. It is home to a dynamic mix of technology companies and research organizations that play a crucial role in enhancing FAU's research and development initiatives that drive economic growth in Broward and Palm Beach counties.

Tenants benefit from unique opportunities to collaborate with FAU's distinguished students and faculty, fostering innovation, world-class research, valuable internships, and accelerated business development. Additionally, the park offers access to a comprehensive array of the university’s amenities, including fitness and recreation centers, conference facilities, and diverse dining options.

PEBB Enterprises and Banyan Development have implemented a comprehensive capital improvement plan to enhance the property and cater to high-quality tenants and businesses. Improvements include upgraded landscaping and signage, artistic building murals, public sculptures, and enhancements to the parking lot with additional lighting. These renovations, along with access to FAU’s Career Development Center, which provides skilled and motivated talent, foster a dynamic environment that stimulates innovation and drives economic growth in the region.

Founded in 1973, PEBB Enterprises is a family-owned private equity real estate investment company based in South Florida. With over five decades of experience, PEBB specializes in acquiring and developing high-quality neighborhood and regional/power shopping centers, mixed-use properties and suburban office buildings. The company’s diverse tenant base includes local, regional, and national retailers, fostering business relationships that reflect mutual success.

Banyan Development is a Florida-based real estate development and investment firm with over four decades of experience in commercial projects nationwide. Specializing in the development of retail centers, office spaces, industrial, and mixed-use properties, they have developed over three million square feet of real estate, including notable projects such as Mainstreet @ Boynton, University Commons, Shop Delray, and Shoppes @ the heart of Tradition.

 

 

About Colliers

 

Colliers is a global diversified professional services and investment management company. Operating through three industry-leading platforms – Real Estate Services, Engineering, and Investment Management – we have a proven business model, an enterprising culture, and a unique partnership philosophy that drives growth and value creation. For 30 years, Colliers has consistently delivered approximately 20% compound annual returns for shareholders, fueled by visionary leadership, significant inside ownership and substantial recurring earnings. With annual revenues exceeding $4.8 billion, a team of 23,000 professionals, and $99 billion in assets under management, Colliers remains committed to accelerating the success of our clients, investors, and people worldwide. Learn more at corporate.colliers.com, X @Colliers or LinkedIn.

Thanks to Our Sponsors

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1800 N. Dixie Highway, Boca Raton, FL 33432
Phone: (561) 395-4433 | Fax: (561) 392-3780 | [email protected]
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  • The Chamber
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    • Programs and Events >
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      • Women's Business Programs
      • EXPO'S
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      • DIAMOND Award Luncheon
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      • Leads Groups >
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