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
TCW's David Lippman with and the City National Plaza at 515 S. Flower Street (David Lippman, City National Plaza)
TCW inks largest pandemic-era office lease in DTLA
TCW inks largest pandemic-era office lease in DTLA
eBay's Jamie Iannone with 455 North Fairfax Avenue (eBay, Google Maps)
eBay goes brick and mortar on popup for sneakerheads
eBay goes brick and mortar on popup for sneakerheads
Jeff Blau with 1755 Argyle St (LinkedIn, Commercial Observer)
Related Companies to sell Argyle House in Hollywood
Related Companies to sell Argyle House in Hollywood
Frank Gehry and the Ocean Avenue Project (Getty, Ocean Avenue Project, iStock)
Frank Gehry’s long-awaited Santa Monica project takes big step forward
Frank Gehry’s long-awaited Santa Monica project takes big step forward
Duke Realty's James Connor and 14724 Proctor Avenue in City of Industry (Google Maps, Duke Realty)
Duke Realty gets another 230K sf in City of Industry
Duke Realty gets another 230K sf in City of Industry
Westmont's Andy Plant and Westmont Village Westmont Living, iStock)
Senior community nixes industrial development for more residential
Senior community nixes industrial development for more residential
FivePoint Holdings' Dan Hedigan (Fivepoints, Ranch on the River)
FivePoint slashes workforce 29%, posts $37M loss
FivePoint slashes workforce 29%, posts $37M loss
Cedars-Sinai's Thomas Priselac and 3400 Lomita Boulevard (Cedars-Sinai, LoopNet)
Cedars-Sinai pays $70M for Torrance medical offices
Cedars-Sinai pays $70M for Torrance medical offices
arrow_forward_ios

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

Loading...