By July 9, 2016 Read More →

JPMorgan Chase buys Aurora property for ‘operations site’

by Jill Jamieson-Nichols, Colorado Real Estate Journal.

JPMorgan Chase has acquired 100 acres of land in Aurora for an “operations site” scheduled to be up and running in two to three years.

According to public records, the company paid $11.76 million, or $2.70 per square foot, for the land in the Aurora Crossroads Regional Activity Center at the southeast corner of Interstate 70 and E-470.

“The plan would be to create numerous jobs there – well-paying jobs,” said Maura Cordova, a JPMorgan Chase spokeswoman for Colorado. “We expect the investment in Aurora to benefit the local economy.”

Additional information about the project wasn’t available, said Cordova, who declined to say what the “operations site” will comprise.

CBRE brokers Eric Roth, Martin Roth and Jim Bolt represented the seller, Aurora Crossroads Investors Seven LLC. CBRE’s Frank Kelley represented the buyer.

JPMorgan Chase acquired the southern portion of the Aurora Crossroads property. CBRE has the remaining 139 acres, which allows for a variety of uses, listed for sale

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Posted in: Apartment Investing

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