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JPMorgan Chase, Amazon In Talks For Big Deals At Manhattan West

JPMorgan Chase, Amazon In Talks For Big Deals At Manhattan West
Rendering of Five Manhattan West

Five Manhattan West may get JPMorgan Chase and Amazon as its new flagship tenants.

The two giants of banking and online retail, respectively, are in talks to each lease at least 300K SF in the Brookfield-owned property, next to the Canadian giant's huge Manhattan West mixed-use development, the Commercial Observer reports

JPMorgan, which already leases 125K SF in the building, wants to expand its presence by 300K SF, bringing its financial technology arm, FinTech, to the building. Amazon is considering a 350K SF spread in the building. 

Asking rents in the 1.7M SF, 15-story building, constructed in 1969 but renovated last year, are above $90/SF, the Commercial Observer reports.

Whole Foods Market closed on a 60K SF lease for two floors of the building last month. 

WASHINGTON DC 05.16.2017

REAL ESTATE STRATEGIES FOR ASSOCIATIONS & LAW FIRMS

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