WILMINGTON, DE—New Castle County officials confirmed that the sale of a 58-acre section of what was part of the Astra Zeneca complex on Concord Pike to JP Morgan Chase closed on Thursday.
The transaction closed for $44 million and brought $660,000 to the county and another $600,000 to the state of Delaware, according to the county's finance office. JP Morgan is expected to occupy the offices located in what was the biopharmaceutical firm's South campus in early 2015. JP Morgan Chase has been expanding its presence in the state of Delaware, while Astra Zeneca has been contracting, according to The News Journal.
"Delaware continues to be a great place to conduct business, and for our employees to live and work. Currently employing more than 7,500 in the state, we have added more than 1,200 jobs over the past two years and expect that number to increase," JP Morgan Chase said in a prepared statement.
Delaware Gov. Jack Markell says in connection with JP Morgan Chase's purchase, "The financial industry's recent growth in our state has created thousands of good jobs for Delawareans and has played an important role in our state's employment growth outpacing the national average. JP Morgan Chase has been a big part of that growth. Its purchase of the south campus will ensure that this centrally-located property can continue to be an engine for economic growth and opportunity in our region." See story in The News Journal.
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