J.P. Morgan & Co. may lease space in a Manhattan office building being vacated by Chemical Banking Corp., New York City brokers said.

The move to the Park Avenue site would enable Morgan to consolidate its private banking and investment management operations, which are now housed in two buildings. The one location would charge less rent.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.