Banks eyeing former Chase location

Chase Bank has consolidated its downtown branches, closing its branch at the corner of Pikes Peak Avenue and Tejon Street Nov. 21 and opening the newly renovated branch at 28 E. Boulder St.

That leaves a prime downtown location vacant.

Andrew Oyler, office and investment specialist with the building’s owner Grubb & Ellis/Quantum Commercial Group, said the space at Pikes Peak and Tejon is available for sale or lease.

Leases ranging from 3,000 to 22,000 square feet are available, on the main, second and top floors.

“It’s a Main and Main location – a phenomenal opportunity for a bank or someone else to have naming rights to the building,” Oyler said.

“My guess is that a combination of retail and professional users will be on the main level – but a number of banks have looked at it, also.” 

Chase executives said the move leaves no regrets.

Three lines of business and 42 employees are now at the branch, including Chase’s retail and business banking departments and the J.P. Morgan Chase & Co. Private Wealth Management.

The bank has owned the 1.09-acre Boulder Street location for decades, and is in the final stages of a $4 million renovation.

“We consolidated two older locations into one that’s revamped to new standards, with new furniture, equipment and increased parking for clients,” said Market President John Kitchen.

“Now we have all the advantages of being downtown, without the disadvantages of traffic and (lack of) parking.”