New York, NY

NEW YORK, June 3, 2009- Colliers ABR, Inc. a leading full service commercial real estate services firm, announced today that a subsidiary of Anheuser-Busch InBev recently signed a 10 year lease for 31,557 square feet at 250 Park Avenue and will occupy the second floor. Colliers ABR represented the owner, AEW Capital Management, which owns the property on behalf of one of its institutional clients.

AB InBev is the leading brewer and one of the world’s five largest consumer products companies and manages a portfolio of nearly 300 brands, including Budweiser, Stella Artois and Beck’s.  The 250 Park Avenue space will be the company’s functional management office established to facilitate the day-to-day management of the global business under the direction of the Global Headquarters and center of strategic decision-making based in Belgium.

“We are delighted AB InBev chose 250 Park Avenue to house the company’s New York City offices.  AB InBev was attracted to the building’s location within the Midtown business community, proximity to public transportation, financially stable ownership and also the property’s ongoing major capital improvement projects including brand new base and supplemental air-conditioning systems,” said David L. Hoffman, Jr., Executive Managing Director/Principal at Colliers ABR. “This lease is also important for New York City real estate because it’s been too long since we’ve heard the words “positive absorption” in Midtown.”

Along with Mr. Hoffman, Robert L. Billingsley, Vice Chairman and Wendy Miller, Managing Director at Colliers ABR represented the landlord in the transaction. Weichert Commercial and George Comfort & Sons represented the tenant. 

About Colliers International

Colliers International is a global affiliation of independently owned commercial real estate firms. The organization's 10,092 employees span the world in 267 offices in 57 countries. On a worldwide basis, Colliers manages 672,945,918 square feet, and has revenue of $US 1,620,958,349.

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