CBIZ unveils its new siege plan
CBIZ Inc. (NYSE: CBIZ) announced on Monday, June 21 that its corporate headquarters will anchor the first multi-tenant office building in Independence in more than a decade.
The 200-employee head office of the accounting, financial and related services firm will occupy approximately 50,000 square feet of a proposed 125,000 square foot structure on Rockside Woods Boulevard North. The building will be constructed and owned by Welty Development, a newly launched subsidiary of Welty Building Co. of Fairlawn.
Plans call for CBIZ signage atop a five-story office building visible from I-480. It will be across New Street near an Embassy Suites hotel and TopGolf.
In the announcement, Jerry Grisko, President and CEO of CBIZ, said the plan allows the company to stay true to its core values ââas a company, plan for the future of work and affirm its commitment to independence and northeastern Ohio.
âToday’s exciting announcement is the culmination of months of collaboration between CBIZ, the City of Independence and other local and state partners,â said Grisko.
When news of CBIZ’s research was announced publicly earlier this year, questions were raised as to whether the company could remain in independence as it has to move out of its current headquarters at Parkside Center Plaza III by February. The new building will not be completed until 2022. The company will adopt several interim measures to adapt to this transition.
Independence Mayor Gregory Kurtz said in the statement: “I am grateful for CBIZ’s long-standing commitment to our community. This project presents an exciting opportunity for our city, and given their civic contributions over the past two decades, it is only fitting that CBIZ is at the heart of our continued growth. “
The potential relocation of a state-owned company with CBIZ stature means JobsOhio and others were also involved.
JP Nauseef, President and CEO of JobsOhio, said, âCBIZ’s investment in Independence demonstrates its confidence in Northeast Ohio talent, providing associates with the space and technology to continue to advance their clients’ professional service needs.
Welty Development, described in the press release as the lead developer for the project, is expected to lead the way this summer. Vocon, the Cleveland-based architectural firm, is leading the design of the building.
Don Taylor, CEO of Welty Development, said in a prepared statement: âAt Welty, we believe that great buildings enrich lives and we share CBIZ’s passion for creating a dynamic work environment that meets the needs of people. their team members and clients.
One of the main drivers behind CBIZ’s decision to move from its current home to Park Center Plaza III at the end of its lease in early 2022 is the company’s desire to modernize its headquarters to meet the changing needs of its customers and its workforce.
CBIZ said its plans would incorporate lessons learned from the onset of the COVID-19 pandemic, as the company embraces a higher degree of remote working, a more flexible workspace and new technologies.
âWe have learned a lot about how we can work together to better serve our customers and foster collaboration within our team,â said Grisko. âPhysical offices will always be an essential part of our business model. The selection and design of our new headquarters represents an opportunity to reinvent the best way we can best support our employees, our customers and our business. We are proud to remain in Ohio and in Independence and look forward to remaining a valued civic partner for years to come. “
The company will take up slightly less office space than it currently has at Parkside Office Plaza III, where it occupies 55,000 square feet.
CBIZ will be vacating its existing offices in February 2022 and team members will switch to a combination of temporary and remote working spaces until the new facilities are completed in the second half of 2022. The research news A long-planned headquarters surfaced after another tenant, MAI Capital, sought inducements from the City of Independence for the current location of the state-owned company.
CBIZ’s plan will incorporate temporary temporary space at a location that is still under decision, and it will take advantage of its other offices in Akron, Solon, Uniontown and Westlake, said Elizabeth Newman, chief operating officer.
Remote working will provide additional options during this transition period, she said, because it has worked so well for the company during the pandemic.
The announcement is conditional on the project and the company receiving incentive programs from state and local sources.
CBIZ employs around 5,000 professionals across the country.
Its services include accounting, tax, government healthcare consulting, transaction consulting, risk consulting and valuation. Insurance services include benefits advice, pension advice, property and casualty insurance, payroll and human capital advice.
With more than 100 offices in 31 states, CBIZ is one of the largest providers of accounting and insurance brokerage services in the United States.