JPMorgan Signs Lease at 390 Madison as Its HQ Project Proceeds
- Bank taking 437,000 square feet at L&L’s rebuilt tower
- Deal gives JPMorgan space to use while its own building rises
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JPMorgan Chase & Co. has agreed to a 10-year lease for offices at 390 Madison Ave., a midtown Manhattan office tower that is near the end of a project adding eight floors.
The lease, for 437,000 square feet, or about half the tower’s office space, will give the bank temporary room it can use during the five years it should take to raze and rebuild its headquarters at 270 Park Ave., a block to the west. At 390 Madison, the bank will occupy 16 office floors plus two street-level retail spaces, according to a statement from L&L Holding Co., which is overseeing the project.