CBIZ Leases 21,000 SF at NAI Building

(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.