City of Boca Raton – Office of Economic Development

Boca Business Briefs:

We attended the grand opening of Gift of Life’s new corporate headquarters. The event was so much more than a ribbon cutting. It was filled with stories of hope, miracles and paying it forward. We’re lucky to have South Florida’s first stem cell collection center based in Boca Raton. Over the next year the company exacts to collect stem cells from over 500 donors.

ALINA Residences released their latest renderings.  Slated for completion the end of 2020. ALINA’s first phase will begin with 121 luxury condominiums.  The property will include 45,000 sq. ft. of indoor and outdoor amenities, including a rooftop pool, nearly an acre of outdoor green space, private cabanas, fire pits, dedicated yoga area, outdoor kitchen and dog park.

Group P6 bought the 4,412 square-foot building at 22 SE 6th Street for $6.1 million, equating to $1,382 per square foot. The building, which was built in 1977 and sits on 0.6 acres, last traded for $2.6 million in 2015.

The largest corporate sale and largest lease deal for Q1 in Palm Beach County both occurred in Boca Raton. The top sale in the County was the sale of the Wells Fargo building at 925 S. Federal Highway for $34.6 million. The top leasing activity in the County was the new lease for FlexShopper‘s corporate headquarters, totaling 21,622 square feet in the beautiful Park at Broken Sound.

Three industrial warehouses at 2411 NW First Avenue sold for $3.5 million. The buildings, which total 20,340 square feet, sit on an acre of property.

Don’t forget to stop by City Hall to get your free magnet.

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, reach out – we would love to hear (and share) it.

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