HDG MANSUR ANNOUNCES SIGNIFICANT LETTING WITH AMERICAN SUGAR REFINING, INC AT THE RESEARCH PARK AT FLORIDA ATLANTIC UNIVERSITY
August 28, 2012
HDG Mansur is pleased to announce that American Sugar Refining, Inc. (ASR) has executed a 16,848 square foot lease to occupy space at The Research Park at Florida Atlantic University (FAU) located in Boca Raton, Florida.
ASR, headquartered in Yonkers, New York, is the world’s largest cane sugar refining company, with a production capacity of 7 million tons of sugar. The company produces a full line of consumer, industrial, food service and specialty sweetener products. ASR owns and operates sugar refineries in New York, California, Maryland, Louisiana, Canada, England, Portugal and Mexico.
“We are excited to have ASR become a part of the FAU Park,” said Albert Livingston, Director of Commercial Development at FAU. ASR is another example of a user locating in the Park to take advantage of the opportunity to collaborate with the University. The presence of another top quality company such as ASR continues to further solidify the Park’s Research and Development structure and validates our investment decisions.”
The FAU Research and Development Park consists of 2 prime locations, one conveniently adjacent to the FAU main campus in Boca Raton at the University’s north entrance and the other highly visible campus along the east side of I-95 in Deerfield Beach. The project consists of 8 buildings totaling approximately 350,000 sq. ft. as well as more than 25 acres of development land with entitlements to construct another 377,000 sq. ft. of research and development office product to meet the strong market demand and provide added value opportunities. The portfolio is situated in markets with sizeable growth projections and limited available land for new development.
HDG Mansur is a leading international real estate company with more than 25 years experience in providing real estate fund and asset management services and property development services. Since 1982, HDG Mansur’s business activity includes:
• $5.2 billion in international real estate investments
• $5.1 billion in real estate financing
• $1.4 billion in planned and managed equity
• 31 million square feet in real estate investments
• 25+ years of experience
• Four offices worldwide – London, New York, Indianapolis and Dubai