| Press Release | |
| For immediate release: January 29, 2025 |
Melissa Mulcahy NAI/Merin Hunter Codman Phone: 561-471-8000 mmulcahy@mhcreal.com |
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NAI Merin Hunter Codman’s Jay M. Grossman and Richard W. Brockney Complete 40,000 SF of Leasing at
951 Yamato Road, Boca Raton. - 951 Yamato is now 94% occupied. - Boca Raton, FL – One of South Florida’s leading commercial real estate services firms, NAI/Merin Hunter Codman, Inc., announced that President, Jay M. Grossman and Managing Director, Richard W. Brockney have finalized nearly 40,000 square feet of lease transactions on behalf of the landlord 951 Yamato Acquisition Company, LLC bringing their 951 Yamato asset’s occupancy above 90%, which has outperformed the North Boca Raton submarket that currently has a 19% overall vacancy rate. 951 Yamato is a contemporary, 146,000-square-foot, Class-A office building located near The Park at Broken Sound on Yamato Road in Boca Raton, Florida.
NAI Merin Hunter Codman has managed and leased 951 Yamato since 2006 for several different owners and continues to work closely with current ownership developing and completing a number of property improvement programs designed specifically to retain and attract tenants. Some recent improvements include an interior and exterior refresh as well as the addition of a common conference room and training facility. The successful completion of programs like these, in addition to the property’s ample parking, professional management, and ease of access to I-95 and Boca Raton conveniences allows 951 Yamato to attract first-class businesses seeking small-, medium- and headquarters-sized Class-A office space in the heart of Boca Raton. In 2024, 951 Yamato also benefited from the City of Boca Raton’s Light Industrial Research Park (LIRP) expanded zoning regulations that now allows medical use, thereby further increasing 951 Yamato’s appeal. Some of the recent leasing activity includes:
NAI Merin Hunter Codman’s President, Jay M. Grossman stated, “Thanks to the strong partnership between property ownership and NAI Merin Hunter Codman, 951 Yamato was able to outperform the submarket in 2024 and looks forward to continued success in 2025. We are proud to welcome all new tenants and thank those who have renewed.” For additional information about office space for lease at 951 Yamato or throughout South Florida feel free to contact Richard W. Brockney at 561-471-8000, rbrockney@mhcreal.com or visit www.mhcreal.com. |
| About NAI/Merin Hunter Codman
NAI/Merin Hunter Codman, www.mhcreal.com, is one of South Florida’s leading commercial real estate brokerage and investment firms with over three decades of experience advising clients on strategic acquisitions and dispositions and providing landlord representation, tenant representation, property management and construction management services. The firm has expertise in all commercial property sectors including office, retail, industrial, multifamily, hotels and land. NAI Merin Hunter Codman’s client base includes some of the nation’s most prestigious institutional and private equity investors. Operating as part of the NAI Global network, NAI/Merin Hunter Codman can facilitate property transactions around the nation and the world, serving as a single point of contact for its clients’ counsel and execution. NAI/Merin Hunter Codman is headquartered in West Palm Beach, Florida with regional offices in Boca Raton and Wellington.
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NAI Merin Hunter Codman, Inc.
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Melissa Mulcahy Director of Marketing
- January 29, 2025
- (561) 471-8000
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