"We have no more available space in the park," Scott Ellington,the park's executive director, tells GlobeSt.com. The 52-acre tractis at the north end of FAU's main campus off I-95 and Glades Road.The average rental rate for office/service space in Boca Raton is$12.42 per sf.
Although Ellington expects the university may eventually releaseadditional acreage on the adjacent campus for more R&D parkdevelopment, he is now planning construction on an FAU site just tothe south of Boca Raton at I-95 and 10th Street. in DeerfieldBeach. This tract totals 122 acres but can only be built out withanother 450,000 sf of R&D facilities because a portion of theparcel must be used for water-retention lakes. ColliersInternational in Fort Lauderdale is the leasing agent for bothparks.
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