Boca’s economic development report


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

Celsius Holdings (Nasdaq: CELH), maker of the drink brand Celsius, announced it is set to acquire Finland based Func Food for $24.6 million. Celsius plans to add the FAST Sport Nutrition line to its offerings.

The 3.8-acre vacant land at 900 Peninsula Corporate Circle sold for $3.75 million. Dizengoff Boca Raton LLC sold the vacant property to Peninsula Ice LLC, managed by Hal M. Jacovitz and Jacob Dinov in Delray Beach.

Colliers International announced the $4.8 million sale of a 1.7-acre multifamily apartment community, Bouganvillas Apartments, in East Boca. Located at 1500 – 1650 NW Fourth Avenue, the apartment community is comprised of 23, two-bedroom and two-bathroom units throughout the three apartment buildings.

For the first time in the university’s history, U.S. News & World Report ranked Florida Atlantic University in its list of “Top Public Schools” in the nation. US News & World Report analyzed 1,400 colleges and universities across the country and FAU ranked 140th.

Kroger, the largest supermarket chain by revenue and second-largest general retailer has moved to the Boca Raton Innovation Campus. The 43,000 square-foot-office is a national headquarters supporting Kroger’s digital businesses, including which the company acquired in 2017.  

Have corporate news to share or looking to relocate/expand your company to Boca Raton? Contact the city’s economic development office at or 561-393-7761. Want to see what we are up to? Follow us on Facebook @BocaEconomicDevelopment.