Boca’s Economic Development Report

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By: Jessica Del Vecchio Economic Development Manager Special to the Boca and Delray newspapers

We recently toured the new Christine E. Lynn University Center on Lynn University’s campus. With 24-hour dining, a career center, the campus book store, Christine’s bar, Elaine’s coffee shop, collaboration spaces and an incubator – we could have spent all day on campus.

Sushi Maki opened its 18th location at the Whole Foods on Glades Road. Although this is their first partnership with Whole Foods and Amazon, Sushi Maki has been a supplier of Whole Foods and was named 2018’s Supplier of the Year. We attend several grand openings and ribbon cuttings, but this was one of our favorites. At Sushi Maki they don’t cut a ribbon – they cut a giant sushi roll.

Business Briefs:

The office/warehouse building at 700 Banyan Trail traded for $2.6 million. The building was constructed in 1968, is 175,715-square-feet and sits on 10.9 acres.

Office Depot announced a strategic partnership with Alibaba.com.  The collaboration aims to help U.S. small businesses tap into a global B2B commerce market that the U.S. International Trade Commission says is worth $23.9 trillion.

Phoenix Tower International continues its rapid expansion into S. America with the recent acquisition of 600 wireless communication tower sites in Bolivia.

ADT recently closed the acquisition of Red Hawk Fire and Security for $317 million in cash and continues to acquire companies across the US.  This month, they announced the purchase of Pennsylvania based Lifeshield for $25 million.

We hosted our first Boca. Business. Brief. earlier this month. The free event took place at the Spanish River Library. We teamed up with our Recreation Services Dept. to discuss the benefits of living, working and playing in our beautiful city. We plan to host a similar event next quarter and will provide details once the agenda has been set. If interested in attending upcoming seminars, please let us know at EconomicDevelopment@myBoca.us. Thank you.