CBIZ Inc. has signed a 10-year lease for 50,850 square feet in West Conshohocken with plans to relocate more than 200 employees from Plymouth Meeting.

The global accounting and financial services firm will become the largest tenant at Keystone Development & Investment’s 1K1 building at 1001 Conshohocken State Road, taking up the entire sixth floor and part of the fourth floor. 

Cleveland-based CBIZ (NYSE: CBZ) plans to make the move in the third quarter of 2023 and will have as many as 240 employees at the new location, company spokesperson Mark McGuriman told the Business Journal in an email. Of those, 15 to 25 will be new hires while the rest will move from the firm’s Plymouth Meeting office at 401 Plymouth Road.

McGuriman said CBIZ has outgrown its space in Plymouth Meeting. Though the 54,000 square feet the company currently occupies is slightly more than what it is leasing in Conshohocken, he said some divisions have had to be split between multiple floors. At the 1K1 building, CBIZ’s benefits and insurance divisions, as well as its accounting tax and advisory groups, will all be on the same floor.

*Article courtesy of Philadelphia Business Journal

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