JPMorgan Chase is having no trouble finding tenants for its One Chase Manhattan Plaza building on Liberty Street downtown, the problem is, it wants some room for itself. According to the Observer, Chase went from trying to sell the building to wanting more of its operations in the Financial District building, at the expense of current leaseholder, law firm Milbank Tweed Hadley McCloy. The firm holds a five-year renewal option on its 350,000-square-foot lease that expires in 2013, but JPMorgan is reluctant to sign the lease. That has Milbank searching for new space, preferably in the less-expensive downtown market. [more]

JPMorgan Chase has reportedly decided to hold onto its 60-story office property at One Chase Manhattan Plaza in the Financial District, after receiving insufficient bids, according to the New York Post. The building is among 23 office properties that JPMorgan has on the market right now. The decision to place the One Chase Manhattan Plaza property on the market was a part of JPMorgan’s larger effort to shed excess office real estate, but some industry experts, including the Post’s Steve Cuozzo, criticized the leaseback terms in the deal.