Chase Manhattan Sells 18 Branches for Over $65 Mil

NEW YORK CITY-In addition to these properties, which became redundant after the Chase/Chemical Bank merger, Chase is considering a sale/lease back strategy for some of its other branches.

By John Howe | April 23, 2001 at 01:01 AM

The bank is also considering selling and then leasing back several of its other properties. Ten holdings are now being readied for sale as part of the firm's goal to monetize its non-strategic real estate holdings. The firm is also studying a similar strategy for its excess leasehold assets that pertain to former branch premises.

The GVA Williams Real Estate Investment Banking Division negotiated for Chase.

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