A major corporate acquisition has reshaped Palm Beach County’s business landscape as a technology-focused company has purchased the entire Boca Raton Innovation Campus, a sprawling 124-acre former IBM site. The deal brings 1.7 million square feet of office space into the company’s growing regional portfolio, expanding its footprint in the Boca market. Industry observers are watching closely as the transaction could signal broader shifts in the area’s tech and innovation ecosystem. The move underscores the ongoing competition for prime real estate in South Florida’s thriving business hubs.
His company this month swooped into the Boca market by purchasing the entire Boca Raton Innovation Campus, a 124-acre, former IBM facility that adds 1.7 million square feet of offices to Ross’s Palm Beach County portfolio.