Stephen Ross expanding in Boca Raton at a 124-acre, former IBM facility

Stephen Ross expanding in Boca Raton at a 124-acre, former IBM facility

By Steve Cuozzo
Publication Date: 2026-09-27 19:12:00

When we reported two years ago that once-sleepy Boca Raton was becoming a desirable South Florida office district, the message wasn’t lost on Related Ross chairman and CEO Stephen M. Ross.

His company this month swooped into the Boca market by purchasing the entire Boca Raton Innovation Campus (BRIC), a 124-acre, former IBM facility that adds 1.7 million square feet of offices to Ross’s Palm Beach County portfolio. The price wasn’t disclosed.


Stephen Ross’ Related Ross earlier this month bought the 124-acre Boca Raton Innovation Campus, a former IBM facility. Related Ross

Two connected buildings that are over 90% leased form the heart of the campus. The most recent significant signing was for D-Wave Quantum, which relocated its headquarters from Palo Alto, Calif.

Ross told us, “Our expansion into Boca Raton is a strong growth opportunity for South Florida. It gives defense tech, technology and financial services companies an alternative…