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New York

522 Fifth Avenue being sold

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J.P. Morgan Chase is under contract to sell 522 Fifth Avenue at 43rd Street, the 23-story, 575,000-square-foot tower that’s the home of its asset management division. Stellar Management and Rockpoint Group are the buyers for an undisclosed price. J.P. Morgan Chase employees will move next summer to 245 Park Avenue. more [Post]