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Groundbreaking appears that it will begin soon.
Up to 80 new logistics facilities are envisioned across the country.
The plan is to transform the latest office property into 430 rental units.
It is acquiring the 6 million square foot portfolio from Crow Holdings.
The fund aims to capitalize on low supply rental areas that are in high demand.
The financial services giant is planning to move to a new 650,000 square foot office.
This is a shift from Dimon’s sentiments earlier this year.
Separately, the agency has substantially reduced its workforce as part of broader government directives.
The 36-story building contains a mix of hotel rooms, medical clinics, and staff residences.
It would also include more than 350,000 square feet of facilities.