Zelnik & Co. arranges 11,000 s/f on behalf of JP Morgan Chase Bank

Zelnik & Company Real Estate arranged an 11,000 s/f lease for JP Morgan Chase Bank at the base of 15 Central Park West, a residential tower developed by Zeckendorf Development LLC. The transaction is one of the largest retail bank branch leases thus far this year and allows JP Morgan Chase to consolidate several smaller locations into the new space. The financial industry firm 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 & Wakefield represented Zeckendorf Development LLC in the negotiations. Zelnik & Co. is a New York City-based real estate firm founded by retail executive, Cory Zelnik. The company provides comprehensive retail brokerage services throughout the Tri-State area. Widely-recognized for its hands-on approach, the firm's guiding principle is to deliver unparalleled real estate expertise to meet the diverse requirements of both tenants and owners of retail properties.