(Crystal Proenza is associate editor of Real Estate Florida.)

BOCA RATON, FL-Cleveland-based professional services company CBIZ has signed a 10-year lease for 21,000 square feet at a class A office building located at 951 Yamato Road. The lease is valued in excess of $5 million, according to NAI/Merin Hunter Codman, which recently reopened the building after a redevelopment last year. The institutional owner of the property was not disclosed.

The tenant, which is an account provider, employee benefits specialist, valuation firm and property and casualty agency, is consolidating operations within Miami-Dade and Palm Beach Counties at the location. Previously, CBIZ leased 16,000 square feet within 951 Yamato, and had specifications for its new space included within the building's recent redevelopment. The company now houses 40 employees at the site and has room for further expansion.

"We reviewed space alternatives for over a year," says Bob Schneiderman, principal at NAI/Merin, 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."