JPMorgan steps up DC expansion with $140 million headquarters

By James Langford

Published May 2, 2018 6:33pm ET

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JPMorgan steps up DC expansion with $140 million headquarters — JPMorgan Chase, the megabank expanding its operations in the U.S. capital, agreed to pay $140 million for a 1920s landmark that will serve as its Washington headquarters. Renovation work on the 12-story Bowen building, at 875 15th St., will start next year, and the lender expects to move in two years later, while maintaining Virginia […]

JPMorgan Chase, the megabank expanding its operations in the U.S. capital, agreed to pay $140 million for a 1920s landmark that will serve as its Washington headquarters.

Renovation work on the 12-story Bowen building, at 875 15th St., will start next year, and the lender expects to move in two years later, while maintaining Virginia offices in Tysons Corner, Norfolk and Richmond and Maryland facilities in Baltimore.

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