Chase Treasury makes electronic payments of more than $1.2trillion per day. The financial services firm wants the Orlandoasset in the event of a disruption or an inability to access itsplanned primary site in Tampa.
The company will break ground in October on a 61,413-sfdistribution structure on a 5.6-acre pad in Parksouth DistributionCenter, part of the 4,000-acre Orlando Central Park. The estimatedconstruction cost of the property is $6.14 million.
Chase Treasury wants the Orlando structure as a backup securitysite for its three-building, 450,000-sf campus Duke-Weeks RealtyCorp. is developing at Highland Oaks, a Tampa, FL suburban officepark.
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