Convergent Recommits to South Florida With 21,000 SF Lease

PALM BEACH, FL-In a move that illustrates South Florida’s appeal to companies looking to attract health care technology talent, Convergent Revenue Cycle Management is taking down 21,376 square feet in 951 Yamato. The new space will house more than 100 employees that provide health care-focused legal expertise, advanced technology and claims management services to its clients.

NAI/Merin Hunter Codman principal Neil Merin took the lead on the Convergent lease negotiations. Managing director Steven O’Hara, as well as senior commercial associate Richard Brockney assisted on the deal.

“The high-end Boca Raton office market is outperforming many other South Florida office markets,” O’Hara said in a statement. “Convergent adds to that momentum as well as adding to the list of prestigious tenants choosing to call 951 Yamato home.”

Convergent will occupy the majority of a floor at 951 Yamato building, which is located in Boca Raton’s business hub on Yamato Road. High-end addresses in Boca are among the greatest in demand in Palm Beach County with more than 200,000 square feet leased at such properties in the last year, according to the firm’s research.

Beyond the talent factor, O’Hara points to the recent trend of tenants moving from older buildings to newer buildings to capitalize on the moderating rents available in the market. The Convergent is yet another example. The company moved from an older class B office building to the class A 951 Yamato.

“Our new space will make it easier to attract and retain the talent we need to support our growth and will support our corporate image as a professional, high quality organization dedicated to our health care partners,” Derek Pickell, president of Convergent, said in a statement. Convergent will occupy the second floor of the south wing of 951 Yamato, which includes three two-story buildings, in Jan. 2012.

Convergent was attracted to the many amenities of 951 Yamato, as well as preferring its western Boca location. The company was previous located in eastern Boca Raton by US 1, where there is greater hurricane flooding risk. Convergent joins WCS Lending, which leased the full first floor of the same building last year.