277 Park Avenue is an office building in New York City and is the current home of the JPMorgan Chase's Investment Banking Division. JP Morgan's takeover of Bear Stearns

Bear Stearns

The Bear Stearns Companies, Inc. based in New York City, was a global investment bank and securities trading and brokerage, until its sale to JPMorgan Chase in 2008 during the global financial crisis and recession...

 in 2008 will mean most employees will be moved to 383 Madison Avenue

383 Madison Avenue

383 Madison Avenue is an office building in New York City located on Madison Avenue between 46th and 47th Streets and owned by JP Morgan Chase. Designed by David Childs of Skidmore, Owings & Merrill LLP, it is 755 ft tall with 47 floors. It was completed in 2001 and opened in 2002, at...

 to reduce the leased real estate footprint in Midtown Manhattan

Midtown

-In cities:Nepal*Midtown, Kathmandu, NepalUnited States*Midtown, Agoura Hills, California*Midtown Atlanta, Georgia**Midtown , passenger rail station near this area*Midtown Columbus, Georgia*Midtown, Detroit, Michigan...

.

Previous tenants have included Penthouse Magazine, Schlumberger

Schlumberger

Schlumberger Limited is the world's largest oilfield services company. Schlumberger employs over 110,000 people of more than 140 nationalities working in approximately 80 countries...

, Donaldson, Lufkin & Jenrette

Donaldson, Lufkin & Jenrette

Donaldson, Lufkin & Jenrette or DLJ is a defunct U.S. investment bank founded by William H. Donaldson, Richard Jenrette and Dan Lufkin in 1959. Its businesses included securities underwriting; sales and trading; investment and merchant banking; financial advisory services; investment research;...

, Continental Grain Company

ContiGroup Companies

Formed in 1813, ContiGroup Companies, Inc was originally founded by Simon Fribourg in Arlon, Belgium, as a grain-trading firm. Formerly known as Continental Grain, ContiGroup has expanded into a multinational corporation with offices and facilities in 10 countries while employing more than 13,500...

 and Chemical Bank (Predecessor to today's JPMorgan Chase). The office building opened on July 13, 1964. An apartment building designed by McKim, Mead, and White

McKim, Mead, and White

McKim, Mead & White was a prominent American architectural firm at the turn of the twentieth century and in the history of American architecture. The firm's founding partners were Charles Follen McKim , William Rutherford Mead and Stanford White...

previously occupied the site.

It stands at 687 feet (209 m) tall, with 50 floors.