NEW YORK CITY-Fosun International Ltd.—a Shanghai based company—has acquired One Chase Manhattan Plaza from JP Morgan Chase Bank at 16-48 Liberty St. for $725 million. CBRE‘s vice chairmen Darcy Stacom and Bill Shanahan arranged the deal. JP Morgan is slated to stay at the building as an anchor tenant.

The 60-story, 2.2-million-square-foot class A office building includes five lower levels on a 2.5- acre plaza. Previously, it was the world headquarters of Chase Manhattan Bank. As one of the few high-end landmark office buildings in New York City, One Chase Manhattan Plaza has never changed its ownership since the Chase Manhattan Bank built it in 1961, with David Rockefeller playing a leading role. Given its historical significance, architectural uniqueness and public impact, One Chase Manhattan Plaza was designated as a landmark by the New York City Landmarks Preservation Commission in 2009.

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