Major Bank to Move Workers Out of Downtown Columbus Tower

30 April 2021 | Columbus, United States

A major tenant moved out of the 25-story tower, leaving behind three floors for a future tenant. Image Credit: Terry Gilliam, AP.

The owners of downtown's Chase Tower remain confident in the building's future despite losing their namesake tenant in late April, 2021.

"It's not a real pretty market now but we’re seeing significant leasing velocity at Chase tower," said William Bradford, a vice president of asset management with Lingerfelt CommonWealth Partners, which bought the tower in December 2019.

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"We’re in the midst of signing five tenants now. We’re pleased with the activity."

JPMorgan Chase said Wednesday, 28 April, 2021 that it plans to move its office workers from the tower, at 100 E. Broad St., to its McCoy Center campus in Polaris.

The move would leave a bank branch and a name as Chase's only presence at the 25-story tower, which was built in 1964 as the headquarters for Chase's Columbus predecessor.

"As we look to optimize our Columbus footprint, we have made the decision to bring more employees together at our Polaris campus," said Chase spokeswoman Carlene Lule.

The tower employs a tiny fraction of Chase's 18,596 central Ohio workers, who are concentrated in the McCoy Center and in Easton and Westerville offices. In 2018, Chase launched a US$200 million renovation of the McCoy Center.

Chase occupies three floors in the tower.

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