Real Estate
JPMorgan to Buy NYC Building in More Than $300 Million Deal
- Bank is partnering with Hines for the 250 Park Ave. tower
- Deal will expand bank’s property bets on Park Avenue
The bank agreed to buy the office tower at 250 Park Ave., in partnership with Hines, from seller AEW.
Photographer: Yuki Iwamura/BloombergThis article is for subscribers only.
JPMorgan Chase & Co. is in contract to purchase a Manhattan building near its new headquarters for more than $300 million.
The bank agreed to buy the office tower at 250 Park Ave., in partnership with Hines, from seller AEW, according to a person familiar with the matter who asked not to be identified citing private information. Bloomberg News reported in June that the bank was close to a deal for the building.