J.P. Morgan Chase Leases 62,000 Square Feet At 2400 Market Street In Philadelphia

The property asset involved in this transaction is located at 2400 Market Street in Philadelphia, PA. The office space covers 62,000 square feet and is part of the office asset type. The transaction involves a leasing agreement, not a purchase, so no transaction amount is specified.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Address: 2400 Market Street
• Market: Philadelphia, PA
• Landlord: Lubert-Adler & PMC Property Group
• Tenant: J.P. Morgan Chase
• Lease Date: 10/13/2026

The key individuals and companies involved in this deal include the tenant, J.P. Morgan Chase, which is relocating from One Liberty Place and 1735 Market St. As part of the move, the bank intends to renovate the lease space, add more than 150 jobs, and invest $100 million in the local economy. This project is also expected to generate over 200 construction jobs.