The Real Deal New York

This month in real estate history: Chase inks NYC’s priciest office lease ever

March 13, 2012 02:30PM
By Adam Pincus

1 New York Plaza

From the March issue: Chase Manhattan Bank signed a $200 million lease — Manhattan’s most expensive lease until that point — 45 years ago this month. The lease was for 22 floors in the 50-story 1 New York Plaza slated to rise across the street from the Staten Island Ferry Terminal.

In signing the 30-year 1.06 million-square-foot lease, the bank decided to consolidate many employees there, but to keep its headquarters in the nearby 1 Chase Manhattan Plaza. [more]

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