Rendina Companies announced the acquisition of a 2-acre parcel in Abacoa Town Center, Jupiter, Palm Beach County, Florida, that was sold to an affiliate of Dyadic International in 2005. The site has been site-planned approved for a 40,000 square foot research and development facility. The repurchase of this site will increase Rendina Companies holdings in Abacoa, which currently includes Abacoa Workplace, entitled for over 800,000 square feet of research and development space and Abacoa Town Center Phase IV that is site-plan approved for 160,000 square feet of office, 50,000+ square feet of retail, four 5,000 square foot restaurant pads and 398 residential units. “We are pleased to have this property back in our portfolio and are eager to get started on the development of this site” said Richard Rendina, Chairman and CEO of Rendina Companies. “The repurchase of the Town Center research and development site shows our further commitment to the North County life-science initiative and Scripps Florida” Rendina added.
