Research Park At Florida Atlantic University Announces Several New Transactions Totaling More Than 50,000 SF
The transactions included numerous new leases and a sale transaction.
The transactions included numerous new leases and a sale transaction.
Leading real estate developer Related Group is developing the residential project in partnership with BH and PEBB.
Joe Freitas and John Criddle of CBRE are handling office leasing at The Eclipse on behalf of the development partnership. The law firm was represented by Greg Katz, Carlyle Coffin and Shay Pope of Stream Realty Partners.
He brings over 25 years of experience in commercial real estate, private equity, and platform operations to his new role.
The JV completed the 71,000-square-foot retail project in 2024 and generated substantial leasing activity before the sale.
Alan Lipsky and Barry Wolfe of Marcus & Millichap represented PEBB and Banyan in the transactions.
The $14 million sale was an off-market deal.
Located at 3600-3998 FAU Blvd., the Research Park includes a total of 308,305 square feet of office space. It is the only state university-affiliated research park in South Florida and considered a premier technology business incubator for the region.
In 2020, Marathe and partner Andy Dugard opened Stage Kitchen & Bar in Palm Beach Gardens. The restaurant was recognized by USA Today’s Best Restaurants of 2024. In 2023, Marathe was nominated “Best Chef: South” semifinalist by the James Beard Foundation.
Joe Freitas and John Criddle of CBRE are handling leasing at the project.
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