NEW YORK CITY—The owner of the One Chase Manhattan Plaza office tower here reports it has struck a partnership with JLL on the leasing of the 2.2-million-square-foot building.

The leasing services agreement is between Fosun Property Holdings, a subsidiary of Fosun International, and Chicago-based JLL. Fosum International acquired the property last year in a deal valued at $725 million.

Beginning in January 2015, One Chase Manhattan Plaza will have more than 1 million square feet of office space available for new tenants. In addition, Fosun will redevelop the building to accommodate more than 200,000 square feet of high-end retail space.

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

Fosun's executive director and President Wang Qunbin says, “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.”

“We are excited to work with Fosun in Manhattan on its first U.S. office development and leasing effort,” says Peter Riguardi, president of JLL's New York region. “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 architect Gordon Bunshaft, was once the headquarters of Chase Manhattan Bank. One Chase Manhattan Plaza was designated as a landmark by the New York City Landmarks Preservation Commission in 2009.

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

Instant Insights /

JLL to Market One Chase Manhattan Plaza

Related Stories

Recommended For You