MIAMI—Kayne Anderson Real Estate Advisors has become the first tenant to sign a lease in the 10-story, 200,000-square-foot One Town Center since it was converted from a single tenant to a multi-tenant property earlier this year. MetLife owns the Boca Raton, FL building.

CBRE senior vice president Michael Erickson negotiated the transaction on behalf of MetLife. CBRE's senior vice president Jeffrey Kelly represented Kayne Anderson, with assistance from senior associate John Jaspert. Kayne will take 12,637 square feet on the property's third floor.

“We're excited to make the move to Palm Beach County and to set up offices in a class A building like One Town Center,” says Al Rabil, managing partner and CEO of Kayne Anderson, the real estate arm of Los Angeles-based Kayne Capital Advisors. “We thank the Palm Beach County Business Development Board, MetLife and CBRE for their efforts to make this a seamless transition for us.”