NEW YORK, Dec. 3, 2019 /PRNewswire-PRWeb/ -- West Monroe Partners, a national business and technology consulting firm, today announced it is investing in a long-term expansion in New York City. The firm is planning to grow its local workforce five-fold by 2025, from 125 employees to 750, to address mounting demand for consulting services from the region's upper-mid-market and Fortune 1000 firms.
To accommodate the growth, West Monroe signed a 10-year lease deal at Worldwide Plaza, 825 Eighth Ave., effectively quadrupling the firm's local real estate. The property is owned by SL Green Realty Corp., RXR Realty, and New York REIT.
"As an epicenter for business, New York City is home to hundreds of enterprises that are staples in the U.S. economy, but most face issues of industry disruption, digital transformation, and talent management," said Gil Mermelstein, senior managing director and leader of West Monroe's New York office. "With our multi-disciplinary approach to solving business problems, rooted in deep technology expertise, West Monroe is uniquely positioned to help area companies address these issues head-on and realize real value, fast."
In New York City, West Monroe serves clients in private equity, banking, energy and utilities, healthcare, and life sciences. The local workforce is made up of experts in these industries, as well as technologists and functional experts who specialize in M&A, customer experience, and operations. The office also has local support professionals in talent acquisition, marketing, operations, and human resources.
The lease for the new space, located at 825 Eighth Ave., runs from 2020 to 2030 and covers nearly 42,000 square feet on the 17th floor. In March 2020, employees will move into the new space, which boasts more areas for collaboration, an upgraded AV experience, and flexible workspaces that accommodate ranging workstyles. The company's current New York office is at 1700 Broadway, where it has been since 2015 and currently leases 9,500 square feet. Paul Walker and Conner Kerr of CBRE represented West Monroe in the deal.
"West Monroe strongly believes in developing collaborative office spaces that can fit our entire local workforce, aligning with our firmwide philosophy of coming together to build relationships and culture," Mermelstein said. "The new office is a long time coming as we've outgrown our current space; with the upgrades and increased space, we can now deliver an even better experience for current and future employees."
West Monroe was founded in 2002 and has nine offices across the United States. Locally, the firm has earned a spot on Crain's New York's Best Places to Work list five years in a row and works closely with Partnership for New York City, Girls on the Run NYC, Autism Speaks NYC, New York Cares, and Center for Employment opportunities, among other local organizations.
About West Monroe Partners
West Monroe is a national business and technology consulting firm that partners with dynamic organizations to reimagine, build, and operate their businesses at peak performance. Our team of more than 1,400 professionals is comprised of an uncommon blend of business consultants and deep technologists. This unique combination of expertise enables us to design, develop, implement, and run strategic business and technology solutions that yield a dramatic commercial impact on our clients' profitability and performance. For more information, visit http://www.wmp.com.
SOURCE West Monroe Partners
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