May 2, 2016
JPMorgan Chase & Co. finish land buy, 1M-SF campus to Plano’s Legacy West
PLANO - Financial giant JPMorgan Chase & Co. has finished buying a total of 50 acres within the $3.2 billion Legacy West development to build its multi-building campus, which is...
PLANO – Financial giant JPMorgan Chase & Co. has finished buying a total of 50 acres within the $3.2 billion Legacy West development to build its multi-building campus, which is expected to cost hundreds of millions of dollars.
Construction on the 1 million-sf campus, which upon completion will house up to 6,000 employees, is expected to get underway in the next few weeks. JPMorgan Chase purchased 49 acres at Headquarters Dr. and Communications Parkway, as well as a one-acre parcel at the corner of Communications Parkway and Legacy Dr., in which the bank plans to develop a Chase branch to serve its employees and the West Plano community.
The financial institution acquired the property from SWC Tollway & 121 LLC, which is a partnership between JC Penney & Co., Fehmi Karahan’s The Karahan Cos., KDC and Columbus Realty.
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