JPMorgan Chase reportedly takes One Chase Manhattan Plaza off market

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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.

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