Northern Trust bringing $95M regional operations, 1,000 jobs to Tempe

By Eric Jay Toll | Phoenix Business Journal

Chicago-based international bank Tempe jobs, is building a $95 million, 450,000-square-foot three-building regional operations center in Tempe.

The Tempe City Council is getting ready to consider a package deal from Northern Trust that brings 1,000 jobs paying an average of $82,000 to the city’s Discovery Business Campus at Elliot Road and Loop 101.

A formal announcement is scheduled for Friday morning.

The council has the development agreement on its agenda for Feb. 26. Part of the deal is a $7.3 million government property lease excise tax (GPLET), which the bank will turn around and use to buy naming rights to the Tempe Center for the Performing Arts for 20 years.

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February 26, 2015

Chicago, Discovery Business Campus, jobs, Tempe, Tempe jobs

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Northern Trust bringing $95M regional operations, 1,000 jobs to Tempe

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Northern Trust bringing $95M regional operations, 1,000 jobs to Tempe

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