As part of the city of Southfield’s ongoing economic development initiatives, City Council approved a request from Marsh & McLennan Companies for an exemption from personal property tax that will result in an investment of approximately $6.3 million and the relocation of 174 employees from the Detroit Renaissance Center to Southfield’s One Towne Square building.
Marsh & McLennan Companies (NYSE: MMC) is a global professional services firm offering clients advice and solutions in the areas of risk, strategy, and human capital. MMC is the parent company of Marsh USA, Guy Carpenter, Mercer US, and Oliver Wyman. Located in Detroit’s central business district (600 Renaissance Center) for the past 35 years, Marsh USA and Mercer US will relocate their operations to more than 27,000-square-feet of the One Towne Square building.
“We are very excited that Marsh and Mercer will soon be joining the Southfield business community in the heart of the Southfield City Centre Area,” commented Business Development Manager Rochelle Freeman. “Their selection of Southfield as their new base of operations clearly illustrates that Southfield is open for business and continues to be one of southeast Michigan’s leading business centers.”
Marsh USA and Mercer US companies are proposing to make an investment of approximately $6.3 million of which $1.3 million will be in information technology, furniture and fixtures, with the balance of $5 million in leasehold improvements. Marsh USA and Mercer US will also relocate 174 employees from Detroit Michigan to the new Southfield facility.
Source: City of Southfield
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