JPMorgan to sell 23 office properties
August 12, 2009 08:40AM
A JPMorgan office at 45 Wall Street
In a mission to shed excess office space, JPMorgan plans to unload 23 office properties across the country. The space it is marketing, when combined, totals 7.1 million square feet. The package of properties, if all sold, could bring in upwards of $1 billion. That portfolio is reportedly the largest on the market this year. Some of the buildings up for sale include notable New York City locations, such as One Chase Manhattan Plaza and Four New York Plaza. [WSJ]
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