390 Madison Fully-Leased — Chase Takes 437K-SF

The massive redevelopment of 390 Madison Ave. won’t be finished for months, but the building is already fully-leased. JPMorgan Chase has signed a 10-year lease for the remaining 436,905 square feet space.

Chase will fill more than half of the 850,000-square-foot building, occupying 16 full office floors and two street-level retail spaces.

“JPMorgan has long been a stalwart of the Grand Central District, and their continued long-term commitment will serve as a major boost to this iconic Midtown neighborhood,” said David W. Levinson of L&L Holding Company.

This summer, L&L will complete a redevelopment that will transform the original 24-story building into a 32-story tower with 13 outdoor terraces, massive, column-free spans, and a new façade of transparent, floor-to-ceiling glass. L&L calls it “the most ambitious re-massing in New York City history.”

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