Related Ross Buys Boca Raton Innovation Campus in Major South Florida Move

September 10, 2026 - 18:57

The real estate firm Related Ross has acquired the Boca Raton Innovation Campus, a sprawling 123-acre office park with deep ties to the region's tech history. Company executives confirmed the purchase on Thursday, marking another significant expansion for the developer in South Florida.

The campus, widely known as BRIC, once served as a hub for IBM operations going back several decades. It holds a notable place in local lore because it is where the first personal computer was developed. In recent years, the property has been repositioned as a modern office destination, drawing a mix of technology, finance, and health care tenants.

The deal adds to Related Ross's growing portfolio along the eastern corridor of South Florida, where demand for well-located office space has remained steady despite broader market uncertainty. Executives described the acquisition as a long-term bet on the region's business appeal and on the campus's potential for further redevelopment.

Terms of the transaction were not disclosed. The seller and the exact closing price remain unclear. The purchase signals continued investor confidence in Boca Raton as a corporate hub, particularly for firms seeking large, amenity-rich campuses outside of downtown Miami and Fort Lauderdale.