Published On: Thu, Mar 28th, 2019

City of Boca Raton – Office of Economic Development Report

Boca. Business. Brief.

After being on Wall Street for 50 years, the financial services firm Stoever Glass selected Boca Raton for its first expansion location.

Occupying 49,534-square-feet of space, the MobileHelp team officially moved into its new headquarters at the Boca Raton Innovation Campus (BRIC). The company currently has 200 employees and announced plans to hire over 100 more.

The 102,309-square-foot Wells Fargo Plaza at Camino and Federal sold for $34.6 million. The two-building property sale equates to $338 per square foot. The property last traded in 2015 for $23.1 million.

In just eight short years, Boca based Orangetheory Fitness exceeded $1B in systemwide revenues for 2018.

We recently sat down with Japan’s oldest and largest English-language daily newspaper, the Japan Times. With a reach of top business executives – Japanese and expatriates – in and outside of the Japan, in over 100 countries we were excited to share some insight into Boca’s thriving corporate community.

Beautification update – Park at Broken Sound

Our Office spends a lot of time visiting companies headquartered in The Park at Broken Sound.  This beautiful, 700 acre planned mobility commercial and residential hub recently had its streets repaved.  The project started on the east side of the Park (Park of Commerce Blvd. and Clint Moore Road), moved east to west and was completed in approx. 30 days.  The roadway upgrade is the result of the ongoing success of the Park and our great working partnership with them and the property owners.

Our team works diligently to share any and all corporate news taking place in the City of Boca Raton.  If you have corporate news to share, please reach out to us at EconomicDevelopment@MyBoca.us.  We would love to hear it, and share it.

 

Click the link for a look at our quarterly report: https://conta.cc/2CN4EMk

Want to see what we’ve been up to? Follow us on Facebook @BocaEconomicDevelopment.

About the Author

- In April 2015, Jessica Del Vecchio joined the City of Boca Raton as its first economic development manager and was tasked with leading the newly established Economic Development Division. Since its inception, the Office of Economic Development has successfully facilitated a number of corporate relocation and expansion projects; including one of the largest deals in Palm Beach County, which committed to creating 838 new jobs in Boca Raton. Prior to accepting the role, Jessica spent 15 years in the finance industry. Attaining FINRA Series 3, 7, 63, 65 and Florida’s Life, Health and Variable Annuity licenses, she spent 8 years at Smith Barney and 7 years at Haar Capital, both based in Boca Raton. Del Vecchio has lived in Boca since 1991 and attended Lynn University. Graduating with a bachelor’s degree in Business Management and an MBA in Finance, Jessica proudly spoke at her graduation ceremony. The Office of Economic Development is ready to assist in any and all corporate relocation and expansion needs and may be reached at EconomicDevelopment@MyBoca.us.

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