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JPMorgan Chase will begin moving employees from a pair of offices in Lewisville into the mega bank’s new Legacy West campus in September, a spokesman confirmed to the Dallas Business Journal Wednesday.
The move will include roughly 1,600 employees, primarily in the bank’s mortgage servicing department. It’s expected to be completed in October.
“This is the first wave into Legacy West,” JPMorgan spokesman Greg Hassell said.
The bank is vacating its two Lago Vista office buildings in Lewisville, where it was the sole tenant, according to data provided by analytics firm Trepp. The lease on those properties expire in November.A new lease for the Lago Vista buildings is currently under review with another “major mortgage firm,” according to an investment note highlighted by Trepp. The new lease is expected to be for 10 years with the tenant taking all of the space being vacated by JPMorgan.JPMorgan began construction on a 1 million-square-foot campus last year on 50 acres the bank bought in the $3.2 billion Legacy West development.
Source: Dallas Business Journal