125,103-square foot facility will serve as a call center for mortgage operations
(Dallas, Tex. – May 2, 2011) Duke Realty Corporation’s (Duke Realty) Dallas office announces that it has fully leased Freeport IV, a 125,103-square foot office/call center it owns and manages in Coppell, Tex., to JP Morgan Chase Bank. JP Morgan Chase will use the building for its mortgage operations, consolidating several other call center operations into the facility beginning in August, and adding jobs over the next several months.
“Due to its previous use as a call center, Freeport IV has most of the infrastructure in place to serve JP Morgan Chase’s requirement, enabling them to easily adapt it for their mortgage call center needs,” said Jeff Thornton, Senior Vice President of Duke Realty’s Dallas operations. “We are pleased that we were able to provide JP Morgan Chase with a plug-and-play solution and increase to three the number of leases we have done with them in the Dallas market.”
“In addition to the appeal of a ready-to-go call center, JP Morgan Chase also liked Freeport IV’s highway access and proximity to Dallas/Fort Worth International Airport,” added Randy Wood, Vice President, Leasing, who represented Duke Realty in the transaction. “Once JP Morgan Chase determined that Freeport IV was the best fit for their needs, we worked together to complete the deal within a 3 week period.”
Freeport IV is located at 1111 Northpoint Drive and is one of 13 buildings in Duke Realty’s Freeport North development in the Freeport/DFW submarket just off I-635 and SH 121 in Coppell.
Paul Whitman and Russell Cosby with Jones Lang LaSalle represented JP Morgan Chase in the transaction.
About Duke Realty
Duke Realty owns and operates more than 139 million rentable square feet of industrial, office, and medical office space in 18 major U.S. cities. Duke Realty Corporation is publicly traded on the NYSE under the symbol DRE and is listed on the S&P MidCap 400 Index. More information about Duke Realty is available at www.dukerealty.com.
– 30 –
Editor’s Note: Please contact Duke Realty’s Communications team at firstname.lastname@example.org if an image of Freeport IV is needed.