Marsh & McLennan signs 72K sf lease at US Bank Tower

Los Angeles /
May.May 26, 2017 05:30 PM

Global insurance firm Marsh & McLennan Cos. will be moving into the U.S. Bank Tower at 633 W. 5th Street.

The firm signed a 15-year lease at the Downtown office tower for 72,000 square feet on floors 11 through 14.

The 75-story tower has more than 1.4 million square feet of Class A space, the Los Angeles Business Journal reported.

Marsh & McLennan is expected to move into the building in September. Asking rent for the space was $3.66 a square foot a month, sources told The Real Deal.

Jeffrey Welch, Lynn Williams and Michael Hartwick of CBRE represented the tenant.

John Eichler, Peter Collins and Tyler Stark of Cushman & Wakefiled represented landlord OUE.

OUE acquired the building in 2013 for $367.5 million and has since added sightseeing attractions including a skyslide[LABJ] – Subrina Hudson


Related Articles

arrow_forward_ios
Granite CEO Michael Dardick and Industrious CEO Jamie Hodari

Industrious partners with landlords to offer tenants satellite workplaces

Industrious partners with landlords to offer tenants satellite workplaces
Colorado Campus at 2041-2115 Colorado Avenue and Northwestern Mutual CEO John E. Schlifske

Northwestern Mutual picks up Santa Monica office campus for $166M

Northwestern Mutual picks up Santa Monica office campus for $166M
Prop 15 property tax measure draws millions (Credit: iStock)

Prop 15 property tax measure draws millions of dollars from for and against campaigns

Prop 15 property tax measure draws millions of dollars from for and against campaigns
Wei Huang, Jose Huizar and a rendering of the 77-story tower at 333 S. Figueroa Street (Shenzhen New World Group, Getty)

Huizar-linked Chinese developer sued by construction contractor

Huizar-linked Chinese developer sued by construction contractor
California is allowing barbershops and salons to reopen under new coronavirus mitigation guidelines (Credit: Noam Galai/Getty Images)

California allows barbershops to reopen, but LA holds back

California allows barbershops to reopen, but LA holds back
LA County assessor Jeffrey Prang

LA County properties valued at nearly $2 trillion…before pandemic

LA County properties valued at nearly $2 trillion…before pandemic
Larry Gagosian and the building (Credit: Google Maps)

Gagosian inks lease at former Masonic temple on Wilshire Boulevard

Gagosian inks lease at former Masonic temple on Wilshire Boulevard
First District Supervisor Hilda Solis (Credit: Rebecca Sapp/Getty Images)

LA County select reopening target date for restaurants and retailers

LA County select reopening target date for restaurants and retailers
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...