Tuesday 27 October 2020

JPMorgan eyes $600M valuation for Third Ave office tower

Manhattan’s premier office district is about to get one of its biggest tests since the start of the pandemic. JPMorgan is putting up for sale its stake in the 44-story office tower at 605 Third Avenue — the first big trophy office listing to come to market in the Plaza District since Covid-19 hit. The bank’s asset management arm is looking to sell its 49 percent stake in the circa-1963 tower it co-owns with Fisher



source https://therealdeal.com/2020/10/27/jpmorgan-eyes-600m-valuation-for-third-ave-office-tower/

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