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Case Study

Case Study – Chase Bank

22 BANK BRANCHES OPENED

TENANT REQUIREMENTS

  • 2,500 – 3,500 SF
  • End cap or freestanding spaces
  • Ground lease
  • Prime Location 

Being able to open branches in multiple markets requires unparalleled market knowledge across the entire state of New York, which is something that sets us apart from other brokerage firms.

While many brokers know their city or backyard, Donovan Real Estate Services knows every town, city, and shopping center north of the Tappen Zee Bridge. This knowledge has enabled us to help Chase open 22 bank branches over the past ten years.

Market knowledge needs to be continuously updated by being out in the field as often as possible. This devotion paid off for us when we were tasked with aggressive expansion in the Albany MSA. Within a week of being given the assignment, we created site tour for 15 sites, and signed leases on 8 of those sites.

Similar to most financial institutions, Chase requires 2,500-3,500 SF and a drive thru, either end cap spaces or free-standing buildings. Bank openings are a longer process than some retail concepts. This longer timeline requires persistent communication with all parties and regular follow-up to keep all parties informed of the status and what the next steps are.

Chase Bank Locations in New York State - Donovan Real Estate Services

Chase Bank - Tenant Case Study at Donovan Real Estate Services