JPMorgan Chase closes on $115M buy of Bank of China’s former HQ

JPMorgan Chase closed on its $115 million purchase of 410 Madison Avenue, the former U.S. headquarters for Bank of China, according to public records. Negotiations over the purchase were first reported more than a year ago, after the U.S. bank had moved some of its employees into the seven-story Midtown East building. The closing price is $15 million more than estimated when negotiations began. Bank of China owned and occupied the 58,000 square-foot building for

source https://therealdeal.com/2020/06/26/jpmorgan-chase-closes-on-115m-buy-of-bank-of-chinas-former-u-s-hq/