OC&C Strategy Consultant’s Lease Commitment Brings Building to 100% Occupancy

In a transaction arranged by CBRE, OC&C Strategy Consultants has inked a 13,203-sq.-ft. headquarters office lease at Boston Properties’ 250 West 55th Street. The commitment allows the London-based international consulting firm to grow by roughly 50% and also brings 250 West 55th Street to 100% occupancy.

The CBRE team of Peter Turchin, Arkady Smolyansky, Christie Harle and Caroline Merck of CBRE lead the leasing campaign for the Boston Properties-owned building. David Stockel, also of CBRE, represented OC&C Strategy Consultants in the lease negotiations.

“OC&C required additional space to house its growing U.S. operations and this rare high-end Class A availability in a building of the quality of 250 West 55th Street—with its dramatic floor slab heights and 8-foot vision glass windows—offered the ideal opportunity for the consulting firm,” said Mr. Stockel. “The space was already built out to high standards and the ownership will make a number of modifications to accommodate the tenant’s desired layout.”

OC&C plans to relocate its U.S. headquarters from 545 Madison Avenue to its new space at 250 West 55th Street by mid-year 2020.

The property at 250 West 55th Street is a nearly one million sq.-ft., 38-story office building located steps from Columbus Circle and Central Park. Designed by Skidmore, Owings & Merrill, 250 West 55th Street is a modern interpretation of the architecture firm’s historic Lever House. The property offers the ultimate in modern office space for today’s efficient workplace, featuring a full acre, 50-foot podium and a set-back slender tower allowing maximum light, air and views to all floors. The LEED Gold building offers soaring park views, a massive tree-lined garden on the third floor, oversized windows, 14-ft. slab heights with no interior columns and above standard infrastructure.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.