Fosun Property Holdings Partners With JLL in Leasing of One Chase Manhattan Plaza of New York

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JLL to lease landmark office building

Fosun Property Holdings, a subsidiary of Fosun International (00656.HK), is proud to announce a partnership with the leading real estate services company JLL (NYSE: JLL) in the leasing of One Chase Manhattan Plaza, the landmark office building in New York that Fosun purchased in December 2013.

The 60-story, 2.2 million-square-foot class-A office building will have more than 1 million square feet of office space available for new tenants starting from January 2015. In addition, Fosun will redevelop the building to accommodate more than 200,000 square feet of high-end retailers to provide service for the new tenants and local residents.

Since its purchase, Fosun has been working on a comprehensive renovation of the building, including the lobby, elevators, critical infrastructure, plaza and retail shop components.

Fosun’s Executive Director & President Wang Qunbin said, “Fosun is making great strides in repositioning this landmark building, and our partnership with JLL will further boost our leasing efforts with both existing and new tenants. Our collaboration will also create new opportunities to best serve our community and achieve our business goals.”

“We are excited to work with Fosun in Manhattan on its first U.S. office development and leasing effort,” said Peter Riguardi, president of JLL’s New York region. “One Chase Manhattan Plaza offers a fabulous opportunity to reposition an office building with a grand history, central location and connectivity to New York’s valued workforce.”

One Chase Manhattan Plaza, designed by renowned architect Gordon Bunshaft, was once the headquarters of Chase Manhattan Bank. In 1961, David Rockefeller, as head of the bank’s building committee, selected the site and oversaw its construction. 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.

This historically significant building is situated within the heart of the Wall Street Financial District, with modern amenities and direct connection to six subway lines, providing convenient access to public transportation.

JLL has worked with Fosun in several other markets, especially in Asia, including Beijing, Shanghai, Hong Kong, Chengdu, Guangzhou and Chongqing.

Read more about the partnership in the Wall Street Journal.