Thank you for sharing!

Your article was successfully shared with the contacts you provided.
390 Madison Ave. architectural rendering 390 Madison Ave. architectural rendering

NEW YORK CITY—JP Morgan Chase has signed a 10-year lease at 390 Madison Ave. for 436,905 square feet, amounting to 16 office floors and two street-level retail spaces, which will be used for a Chase bank branch. The lease is for approximately half of the 850,000 square-foot building, which is in the final stages of being renovated. Sources close to the transaction tell GlobeSt.com that asking rents for the building were between $87 and $125 per square foot.

L&L Holding is undertaking the redevelopment with Clarion Partners, on behalf of the property owner, the New York State Common Retirement Fund.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

More from this author


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.