Deals
JPMorgan Seeks to Sell NYC’s 1 Chase Manhattan Plaza
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JPMorgan Chase & Co. is seeking to sell 1 Chase Manhattan Plaza, the lower Manhattan tower built by David Rockefeller in the late 1950s, as the company reduces its office space in the city.
The bank would relocate about 4,000 employees, most of the people who work in the 60-story skyscraper, to other New York locations, said Brian Marchiony, a spokesman. JPMorgan occupies about half of the space in 2.2 million-square-foot (204,000-square-meter) building, according to CoStar Group Inc., a Washington-based firm that follows office leasing.