Quantcast

The Real Deal Los Angeles

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

Insurance firm signed 15-year deal with landlord OUE
May 26, 2017 05:30PM

U.S. Bank Tower, Marsh & McLennan CEO Daniel Glaser (Google Maps/Getty Images)

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