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Deals & Dealmakers

JLL to lease One Chase

Fosun Property Holdings, a subsidiary of Fosun International, has JLL to lease One Chase Manhattan Plaza, the landmark office building in New York that Fosun bought in December 2013.

The 60-story, 2.2 million-square-foot class-A office building will have more than one million square feet of office space available for new tenants starting from January 2015.

One Chase Manhattan Plaza
One Chase Manhattan Plaza

Fosun will redevelop the building to accommodate more than 200,000 s/f of retailers to provide service for the new tenants and local residents.

Since its purchase, Fosun has been working on a renovation of the building, including the lobby, elevators, critical infrastructure, plaza and retail shop components.

Executive director and president Wang Qunbin said, “Fosun is making great strides in repositioning this landmark building, and our partnership with JLL will further boost our leasing efforts with both existing and new tenants. Our collaboration will also create new opportunities to best serve our community and achieve our business goals.”

Peter Riguardi, president of JLL’s New York region, said. “One Chase Manhattan Plaza offers a fabulous opportunity to reposition an office building with a grand history, central location and connectivity to New York’s valued workforce.”

One Chase Manhattan Plaza, designed by Gordon Bunshaft, was once the headquarters of Chase Manhattan Bank. In 1961, David Rockefeller, as head of the bank’s building committee, selected the site and oversaw its construction. It was designated as a landmark by the New York City Landmarks Preservation Commission in 2009.

JLL has worked with Fosun in several other markets, especially in Asia, including Beijing, Shanghai, Hong Kong, Chengdu, Guangzhou and Chongqing.

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