Chase Treasury makes electronic payments of more than $1.2 trillion per day. The financial services firm wants the Orlando asset in the event of a disruption or an inability to access its planned primary site in Tampa.
The company will break ground in October on a 61,413-sf distribution structure on a 5.6-acre pad in Parksouth Distribution Center, part of the 4,000-acre Orlando Central Park. The estimated construction cost of the property is $6.14 million.
Chase Treasury wants the Orlando structure as a backup security site for its three-building, 450,000-sf campus Duke-Weeks Realty Corp. is developing at Highland Oaks, a Tampa, FL suburban office park.
Chase's Tampa building is scheduled for completion in December with a planned occupancy in January. Chase maintains similar security backup sites globally.
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