Boca Raton-based insurer People’s Trust Insurance Company has signed a lease at the Florida Atlantic University research park in Deerfield Beach.
The 40,000-square-foot building, located at Southwest 10th Street and Interstate 95, has had a hard time gaining tenants compared to its big-sister park in Boca Raton. Credit-reporting firm Experian was the sole tenant there; People’s Trust will begin moving in in December. The insurer will transplant 250 staffers from its 19,000-square-foot space on Broken Sound Parkway.
“This is a very welcome kick-start,” Andrew Duffell, head of an authority at Florida Atlantic University that runs both research parks, told the Sun-Sentinel. “This is going to help us go after more companies. We’ll be able to use this as a shining example and show them how it’s done.”