Bruchou & Funes de Rioja Counsels JPMorganChase on a significant corporate lease in Argentina

Bruchou & Funes de Rioja provided legal counsel to JPMorgan Chase in negotiating the lease of a full office building within Centro Empresarial Núñez (CEN), a prestigious business hub in the northern corridor of Buenos Aires.

Developed by RAGHSA, the building spans a total surface area of 23,000 square meters. JPMorgan Chase will occupy more than 20 floors, further strengthening its presence in Argentina, where it already employs over 3,800 people.

Including in this transaction, JPMorganChase agreed to temporarily extend and expand its lease at Belgrano Office, as well as to lease approximately 7,500 square meters at Centro Empresarial Libertador (CEL), both properties owned by RAGHSA.

This transaction is considered a milestone for the local office market and stands as the most significant corporate lease transaction in the last 20 years due to its scale, further consolidating the northern corridor of the City of Buenos Aires as a strategic business hub.

Bruchou & Funes de Rioja’s real estate department advised JPMorganChase through a team led by partner Exequiel Buenaventura (pictured), along with senior associate Federico Vicente and associate Santiago Cleti García.

JPMorgan Chase’s internal legal team was led by Yanina Odriozola, vice president and assistant general counsel; Paula Bressan, executive director and assistant general counsel; and Mariana Álvarez Gaiani, managing director and general counsel for Argentina, Bolivia, Uruguay, and Paraguay.

Nicholson y Cano advised RAGHSA through its real estate department, led by partner Agustín Pérez Cambiasso, along with senior associate Silvia Haurie and associate Augusto Seguetti. In addition, Juan Pablo Morad, director at RAGHSA, acted as in-house counsel.