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With Official Word on J.P. Morgan and Chase Merger, Question Goes to Property

NEW YORK CITY-Before the merger was even official, speculation began to rise about the future of property held by J.P. Morgan and Chase Manhattan.

By Amy Vaughn | Updated on September 15, 2000

NEW YORK CITY-Both J.P. Morgan and Chase Manhattan are finally sharing the news that the two historic companies will indeed merge, but neither is able to share the particulars yet, fueling speculation over the future of their real estate holdings.

J.P. Morgan owns the building at 60 Wall St., where J. P. Morgan & Co., J.P Morgan Capital Corp., J.P. Morgan Community Development Corp., J.P. Morgan Securities Inc. and Morgan Guaranty Trust Company are all housed. The building serves as the main headquarters of the company.

Morgan Guaranty Trust Company also has an office that it shares with J.P. Morgan Investment Management Inc. at 522 Fifth Ave. and another office at 345 Park Ave. The Park Avenue address is shared with J.P. Morgan Advisors Inc. and J.P. Morgan Advisory Services Inc.

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