West
Palm Beach, Fla. – NAI/Merin Hunter Codman, the largest
commercial real estate brokerage firm in Palm Beach County,
Florida today announced that it has leased 21,000 square feet
of Class-A office space at 951 Yamato Road in Boca Raton to
CBIZ (NYSE: CBZ), one of the nation’s leading providers of
accounting services, risk management, human resources,
benefits services and technology. 951 Yamato is a 145,000
square foot office building that NAI/Merin Hunter Codman
redeveloped last year, and as such, is one of the newer
Class-A buildings in the Boca Raton market. CBIZ has leased
the entire second-floor west wing of the building where it now
houses approximately 40 employees with room for further
expansion. CBIZ, which has over 140 offices nationwide,
consolidated some of the company’s growing Palm Beach and
Miami-Dade County businesses into the new office.
“We
reviewed space alternatives for over a year,” said Bob
Schneiderman, a Principal at NAI/Merin Hunter Codman, who
represented CBIZ in the lease transaction. “All roads led
back to 951 Yamato due to its central location in South
Florida, about midway between the West Palm Beach and Miami
business districts, and the fact that the building offered a
large footprint that could accommodate business growth.”
The
wing which CBIZ leased features windows on all four sides,
three conference rooms, and room for over 50 individual
offices. It is one of three wings at 951 Yamato. Previously,
CBIZ leased approximately 16,000 square feet in two different
locations in the same building. The new, larger CBIZ space was
rebuilt to CBIZ’s specifications as part of the building’s
redevelopment.
Added
Richard Brockney, Senior Commercial Associate at NAI/Merin
Hunter Codman, who represented the building’s owner, 951
Yamato Acquisition Co. LLC, in the transaction, “Few
buildings in the Boca Raton area are as accessible as 951
Yamato, which is a strong draw to tenants.” 951 Yamato is
directly across the street from a Tri-Rail station, just one
mile from both I-95 and Florida’s Turnpike, and is minutes
from an executive airport. NAI/Merin Hunter Codman moved its
own south county operations to 951 Yamato last year, with
those operations headed by Bob Schneiderman.
CBIZ,
Inc. provides professional business services to help clients
manage their finances, employees and technology. As the
largest benefits specialist, one of the largest accounting,
valuation and medical practice management companies in the
U.S., CBIZ provides its clients with financial services, which
include accounting and tax, internal audit, merger and
acquisition advisory, and valuation. Employee services include
group benefits, property and casualty insurance, payroll, HR
consulting and wealth management. CBIZ also provides
information technology, hardware and software solutions,
healthcare consulting and medical practice management. These
services are provided through more than 140 Company offices in
34 states.
