JP Morgan Chase closes on a deal this week to purchase a piece of AstraZeneca's south campus along Concord Pike in New Castle County, Delaware for $44 million. The property is being sold by AstraZeneca Pharmaceuticals, which is unloading some of its properties with plans to vacate the south headquarters site by year's end. JP Morgan Chase is expected to occupy the offices located in what was the biopharmaceutical firm’s South campus in early 2015. The 58-acre parcel has been approved for an additional 832,000 square feet of office space.
"The financial industry's recent growth in our state has created thousands of good jobs for Delawareans and has played an important role in our state's employment growth outpacing the national average," said Delaware Gov. Jack Markell. "JP Morgan Chase has been a big part of that growth. Its purchase of the south campus will ensure that this centrally-located property can continue to be an engine for economic growth and opportunity in our region."
The property currently has two buildings — a four-story, 203,602-square-foot structure and a three-story, 153,949-square-foot structure, according to a Philadelphia Business Journal article. Constructed in 2002, the buildings have a dining facility, hair salon, fitness center, conference and training centers, and other amenities.
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