15 Central Park West fits the bill for Chase Bank

Date Published: 
Sep 10, 2008

Zelnik & Company Real Estate arranged an 11,000 s/f lease for JP Morgan Chase Bank at the base of the world-renowned 15 Central Park West residential tower developed by Zeckendorf Development LLC

The creative transaction is the largest retail bank branch lease thus far in 2008 and allows JP Morgan Chase to strategically consolidate several smaller locations into the new space.

The financial industry giant plans to open a full-service bank branch at the site by year end, joining the likes of Best Buy and West Elm as the property's anchor retail tenants.

"After extensive negotiations, we were able to iron out a successful deal that places JP Morgan Chase in the ideal position to provide its services to the residents and businesses in the surrounding area, said Cory Zelnik, president of Zelnik & Co who acted on behalf of JP Morgan Chase.

"The highly-visible space located on one of the world's most recognizable and exclusive retail addresses offered our client an incredible opportunity to further expand its brand visibility."

Gene Spiegelman and Michael O'Neil of Cushman & Wakefeild represented Zeckendorf Development LLC in the negotiations.

Real Estate Weekly
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