The former J.P. Morgan headquarters at 23 Wall Street continues to be a hard sell. For nearly seven years, the property, which has been marketed to retailers and restaurants, has remained vacant.
Complicated by its location—across from the New York Stock Exchange—and its poor loading facilities, the property, along with the connected 35 Wall Street and 15 Broad Street, has drawn interest but no commitments. Originally marketing the property specifically toward retail, the Cushman & Wakefield (CWK) brokerage team has begun to open up to the possibility of entertainment or financial services firms.
Joanne Podell, vice chairman, and Ian Lerner, senior associate, spoke with The Commercial Observer about the unique challenges and possibilities the properties present.
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