Chase Bank is approved for build-out at College Park, the former Town & Country Shopping Center, in Arlington.
The city issued a permit July 16 for iConstructors LLC of Jacksonville to renovate the 3,430-square-foot office space for Chase at a project cost of $1 million.
Chase will lease space at 917 University Blvd. N., in the middle of the strip of storefronts comprising College Park.
JPMorgan Chase & Co. Chairman and CEO Jamie Dimon told news reporters Jan. 31 that Jacksonville, with 20 offices, is an expanding market and the bank planned to add 10 more branches in the metropolitan area.
Jacksonville-based JWB Real Estate Capital bought and is redeveloping the 71-year-old Arlington retail plaza at northeast University Boulevard and the Arlington Expressway. Through 903 University Blvd LLC, Jacksonville-based JWB Real Estate Capital paid almost $5.1 million for the 18.27-acre property in August 2019.
The Urban Division at Colliers commercial real estate team represents JWB in leasing the center. The team comprises Senior Vice President Matthew Clark and senior associates Sam Middlekauff and Olivia Steinemann.
