CP Group Announces Over 266,000 SF in Leasing Activity at Boca Raton Innovation Campus (BRiC)

Recent deals include new leases and renewals with healthcare, education, and technology tenants

BOCA RATON, Fla.--(BUSINESS WIRE)--CP Group, an owner-operator of office properties across the Sunbelt, along with DRA Advisors, announced over 266,000 square feet of leasing activity at its Boca Raton Innovation Campus (BRiC), the 1.7-million-square-foot, state-of-the-art office campus in Boca Raton, Florida.

The recent leasing activity includes three new leases and two renewals, reflecting BRiC’s continued appeal to a wide range of office users including technology and life sciences firms, as well as education.

• Allstar Recruiting Locums LLC, a healthcare staffing firm, signed a new lease for 42,697 square feet, doubling its footprint in its relocation from Deerfield Beach. Ryan Nunes and Alan Kleber of Cushman & Wakefield represented the tenant.
• Cinch Home Services, a home warranty provider, signed a new lease for 32,888 square feet. Ryan Nunes and Alan Kleber of Cushman & Wakefield represented the tenant.
• EchoTwin AI, a tech company, signed a new lease for 2,704 square feet. This marks the company’s first office location, with its founder relocating from San Francisco.
• Modernizing Medicine, a healthcare technology company, renewed its lease for 127,821 square feet. Ryan Nunes and Alan Kleber of Cushman & Wakefield represented the tenant.
• Everglades University, a private university, renewed its lease for 52,582 square feet. The tenant was represented by JLL’s Zach Wendelin and Adam Bernstein, who has since joined Stream Realty.
• Newtek, a publicly traded financial services company, renewed its lease for 7,810 square feet.

Jeff Kelly of CBRE represented CP Group in all five transactions.

“Working at BRiC feels like being on a major tech campus – the atmosphere has the same energy and ambition as what you’d find at Facebook, Apple, or Google,” said Chris Carson, Founder and Global Chief Executive Officer of Echotwin AI. “It is a place where big ideas and bold execution meet.”

CP Group is nearing completion of its $100 million capital improvement program of the sprawling former IBM R&D facility, having transformed the campus into an amenity-rich destination, including an on-site wellness center run by Boca Raton Regional Hospital; the addition of two coffee shops and an autonomous grab-and-go store; a revitalized dining and banquet hall; flex indoor/outdoor event space available for rent; two fitness studios; a parking garage with 1,100 spaces, and more.

This ongoing redevelopment also includes the construction of customizable spec suites, known as CP Group’s portfolio-wide ‘worCPlaces’ flexible workspace offering, designed for companies seeking move-in-ready, yet scalable, office environments for evolving teams. Two phases of spec suites– totaling 30,000 square feet – have been completed and are now fully leased. Construction is underway on the third phase: six additional spec suites, ranging from 2,950 to 4,400 square feet, along with seven individual offices, slated for completion in January 2026. This third phase introduces exclusive-use amenities for Phase 3 occupants surrounding their suites, including a dedicated conference center with four meetings rooms and a tenant lounge. The new offices feature Class A finishes and skylights and are located adjacent marquee BRiC amenities such as the JAVA Café & BITS Autonomous Grab & Go shop.

“BRiC’s transformation into a vibrant, amenity-rich campus reflects our long-term commitment to creating spaces where businesses and employees can thrive,” said Michael Perrette, Asset and General Manager at CP Group. “With our flexible worCPlaces suites, robust amenity package, and thoughtfully designed community spaces, the campus continues to attract and retain a diverse mix of companies seeking an environment that supports their teams’ work as well as their lifestyles.”

Other BRiC amenities include a 7,000-square-foot fitness center with lockers and group fitness clases, on-site daycare, outdoor courtyard, running and biking trails, and art exhibitions as part of Art on BRiC Walls.

CP Group received approval from the City of Boca Raton in 2023 to rezone BRiC and allow the development of residential, retail, restaurants, a grocery store, an entertainment venue, a boutique hotel, and several parking garages. These rezoning also allows BRiC to be open to the public seven days a week, and its event and presentation hall is hosting large-scale meetings, galas, student testing, weddings and bar mitzvahs, and more.

Designed by Brutalist architect Marcel Breuer, BRiC’s mid-century modern aesthetic and superior location between two I-95 exits, adjacent to a Tri-Rail station and proximity to two major airports, unparelled access and convenience for the complex to transform into a ‘town center’ integrated into the social fabric of Boca Raton. To learn more about the campus, visit http://workatbric.com.

About CP Group

Founded in 1986, CP Group is a vertically integrated commercial real estate firm and value-add investor with deep market knowledge across the Sunbelt. The firm has acquired, repositioned, and operated over 170 office and mixed-use properties, totaling more than 64 million square feet and valued at over $8 billion. The firm applies its market expertise and integrated operations to deliver experience-driven environments that support tenant retention and maximize asset value. CP Group maintains offices in Atlanta, Boca Raton, Dallas, Denver, Jacksonville, Miami, and Washington, D.C. For more information, visit CPGcre.com.

About DRA Advisors

DRA Advisors LLC is a New York-based registered investment advisor with approximately 100 employees that specializes in real estate investment management services for institutional and private investors including pension funds, university endowments, sovereign wealth funds, foundations, and insurance companies. Since DRA’s inception in 1986, the firm has opened additional offices in Miami and San Francisco and has acquired approximately $42 billion of real estate. Its acquisitions include over 100 million square feet of industrial, 86,800 multifamily units, 90 million square feet of retail, and 66 million square feet of office. As of June 30, 2025, DRA had $11.1 billion in gross assets under management. http://draadvisors.com