WEST PALM BEACH, FL – September 11, 2026 – Related Ross today announced the acquisition of the Boca Raton Innovation Campus (BRiC), a 124-acre office campus at 5000 T-Rex Avenue. The transaction, including undisclosed financing from Ares Real Estate funds (“Ares”), sees Related Ross expand into Boca Raton after a recent land acquisition in Wellington and over two decades of investment in Palm Beach County
Spanning over 1.7 million square feet, BRiC is one of Boca Raton’s largest employment centers. Originally developed for IBM as a research and development campus, BRiC has a deep history in technology – the campus is where the company created its first personal computer. Today, more than four decades later, D-Wave Quantum recently selected BRiC for its new corporate headquarters, transitioning from Palo Alto, California. Nearby Florida Atlantic University also plans to install a D-Wave Advantage2 quantum computer and work with the company on research and career training fueling a talent pipeline for the company, while BRiC’s proximity to the Boca Raton Tri-Rail station and I-95 provides access to students and employers throughout South Florida.
“BRiC changed the course of technology once before for the region, and it will play an important role in what comes next,” said Stephen M. Ross, Chairman and CEO of Related Ross. “We have spent nearly 30 years investing in West Palm Beach, and this acquisition gives us the opportunity to bring that long-term commitment and experience to Boca Raton. We want to build on what is already working here and help create the conditions for more companies, talent and ideas to thrive.”
Related Ross will continue operating BRiC as an office and technology campus while advancing a long-term vision for the property. The acquisition gives the company a significant presence in Boca Raton and an opportunity to bring its experience developing mixed-use destinations to one of the city’s most important commercial sites, at a time when the region is attracting companies across technology, finance, and other high-growth industries.
“Boca Raton has many of the ingredients companies are looking for today, including access to talent, connectivity, a strong university, education ecosystem and a high quality of life,” said Jordan Bargas, Executive Vice President at Related Ross. “With D-Wave at BRiC and FAU nearby, Boca Raton has a strong foundation for attracting more technology companies and developing local talent. We see BRiC becoming a major center of that growth, and we’re looking forward to creating a workplace environment with a curated mix of amenities, retail and restaurants that can evolve with the businesses here.”
“We are pleased to advance our longstanding relationship with Related Ross as the team continues to invest in attractive assets across additional South Florida markets,” said David Proctor, Head of Originations, U.S. Real Estate Debt in Ares Real Estate. “We believe BRiC will play a meaningful role in Boca Raton’s ongoing evolution as a center of technological excellence, and we look forward to leveraging the scale and flexibility of our platform in supporting the campus’ compelling opportunity for further growth.”
Related Ross’ investment in BRiC will extend beyond the campus itself through the Related Ross Foundation, which is expanding its community investment efforts into Boca Raton. Through the Build Together initiative, the Foundation works with local organizations to strengthen the social infrastructure of the communities where Related Ross invests, with a focus on education, economic opportunity, wellness and culture. In Boca Raton, the Foundation will partner with local organizations to identify community priorities and support initiatives that expand opportunity for residents.
Related Ross’ work in Palm Beach County began in 1998 with the development of CityPlace, which became the foundation of the company’s investment in downtown West Palm Beach. Today, Related Ross has more than $10 billion in planned investment across the county, including the 71-acre Village Landing mixed-use development in Wellington. The acquisition of BRiC extends that investment into Boca Raton, giving Related Ross major projects in three distinct Palm Beach County markets.
Newmark arranged the financing, Adam Beighley of Beighley, Myrick, Udell P.A. served as land use counsel, and Holland & Knight partner Shawn Amuial and associate Eric Reissi served as transaction counsel and partners Joe Dewey and Jessica Hoch served as financing counsel for Related Ross. No brokers were involved in the sale process.
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About Related Ross
Related Ross is a fully integrated real estate company with deep roots in South Florida and more than $10B committed to Palm Beach County. The firm partners with local governments, institutions, and neighbors to support growing communities.
Related Ross advances development through public-private partnerships focused on what communities need most including attainable housing, world-class healthcare, stronger schools, and connected public spaces. By working alongside healthcare providers, universities, K-12 systems, and employers, the firm helps expand opportunity for residents at every stage of life.
Its portfolio spans mixed-use, Class AA lifestyle office, luxury residential, affordable housing, city centers, hotels and hospitality, and public realm, each project designed to complement and strengthen the neighborhoods it joins. Related Ross also curates arts, entertainment, and civic programming that reflect South Florida's distinct culture and bring communities together.
Through the Related Ross Foundation, the company invests directly in education, workforce development, and economic opportunity, ensuring that the places they build work for everyone who lives in them.
For more information, visit www.relatedross.com.
Media contact:
Maura Daves
mdaves@relatedross.com
