633 W. 5th Street
LOS ANGELES, May 30, 2017 – Cushman & Wakefield and OUE Limited announced today that Marsh & McLennan Companies, one of the largest and most prestigious insurance services firms in the world, has signed a 15-year lease transaction at US Bank Tower in Los Angeles. The tenant will occupy approximately 72,000 square feet of office space on floors 11 through 14 of the iconic skyscraper, one of the most prominent buildings in the Western United States.
Marsh & McLennan Companies was represented by Jeffrey Welch, Lynn Williams, and Michael Hartwick from CBRE. The landlord OUE Limited was represented by John Eichler, Peter Collins, and Tyler Stark with Cushman & Wakefield who serve as exclusive leasing agents for the property.
OUE Limited (SGX-ST: “OUE”) is a diversified real estate owner, developer and operator with a real estate portfolio located in prime locations in Asia and the U.S. OUE consistently grows its business by leveraging its brands and proven expertise in developing and managing landmark assets across the commercial, hospitality, retail and residential sectors.
“We are honored that Marsh & McLennan Companies has chosen the US Bank Tower. We think Marsh is one of the finest companies in the world and it has truly been a pleasure working on this deal with them and their leasing team,” said Peter Johnston, Senior Vice President, Leasing & Communication for OUE USA.
US Bank Tower, located at 633 W. Fifth Street, stands 75 stories high with over 1.4 million square feet of Class A office space. At 1,018 feet, it is the tallest building west of the Mississippi River.
Tower amenities include a recently renovated lobby, observation deck and event space on the 69th and 70th floors, the critically acclaimed 71Above restaurant, and the country’s largest high-resolution video screen measuring 126 feet wide by 17 feet high with 10 million megapixels.
Marsh & McLennan Companies will join a notable roster of US Bank Tower tenants such as Lewis Brisbois Bisgaard & Smith LLP, Jenner & Block, FTI Consulting, Gordon Rees, and Hinshaw & Culbertson.
For more information on US Bank Tower, visit www.usbanktower.com/leasing
About OUE Limited
OUE Limited (SGX-ST: “OUE”) is a diversified real estate owner, developer and operator with a real estate portfolio located in prime locations in Asia and the U.S. OUE consistently grows its business by leveraging its brands and proven expertise in developing and managing landmark assets across the commercial, hospitality, retail and residential sectors primarily in Singapore. With its core strategy of investing in and enhancing a stable of distinctive properties, OUE is committed to developing a portfolio that has a strong recurrent income base, balanced with development profits, to enhance long-term shareholder value. OUE is the sponsor of OUE Hospitality Trust and OUE Commercial REIT.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 45,000 employees in more than 70 countries help occupiers and investors optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. 2017 marks the 100-year anniversary of the Cushman & Wakefield brand. 100 years of taking our clients’ ideas and putting them into action. To learn more, visit www.cushwakecentennial.com, www.cushmanwakefield.com or follow @CushWake on Twitter.