BOCA RATON, FL-Pace Micro Technology PLC, a British firm that makes TV set-top boxes to down-link satellite-transmitted programming, is relocating its U.S. branch from 6,500 sf on Military Trail here to 26,000 sf at Florida Atlantic University Research Park.

“We have no more available space in the park,” Scott Ellington, the park’s executive director, tells The 52-acre tract is 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 release additional acreage on the adjacent campus for more R&D park development, he is now planning construction on an FAU site just to the south of Boca Raton at I-95 and 10th Street. in Deerfield Beach. This tract totals 122 acres but can only be built out with another 450,000 sf of R&D facilities because a portion of the parcel must be used for water-retention lakes. Colliers International in Fort Lauderdale is the leasing agent for both parks.

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