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Chase Manhattan Subsidiary Erecting Safe-House Structure It Hopes Will Never Be Used

ORLANDO-Chase Treasury Technologies Corp. wants a backup security site for its planned three-building Tampa, FL campus where the company will make electronic payments to customers of more than $1.2 trillion per day. The estimated construction cost of the 61,413-sf distribution building is $6.14 million.

By Alex Finkelstein | Updated on September 14, 2000

ORLANDO-Most companies look forward to opening and using a new building. Not Chase Treasury Technologies Corp., a subsidiary of New York’s Chase Manhattan Bank. At least, not this particular building.

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.

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