Zions Bancorporation to Build Technology Campus in Midvale, Utah With a Focus on Sustainability and Cost Efficiency
May 27 2020 - 10:00AM
Business Wire
The campus represents the company’s long-term
commitment to advanced financial technology solutions and economic
growth
Zions Bancorporation, N.A. (NASDAQ: ZION) today announced that
it will build a 400,000-square-foot technology campus in Midvale,
Utah, on the former Sharon Steel Mill Environmental Protection
Agency Superfund site. Anticipated to be completed in mid-2022, the
sustainably built campus will be the company’s primary technology
and operations center, serving Zions’ seven affiliate brands in 11
western states.
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As one of Utah’s largest technology employers, Zions will
accommodate more than 2,000 employees at this location and be built
to respond to changing work patterns in the years ahead. Providing
Zions employees a highly flexible and engaging work environment,
the new campus will allow the bank to achieve substantial
efficiencies by eliminating 11 smaller facilities totaling 520,000
square feet, reducing related occupancy costs by more than 20%.
The project is anticipated to achieve a Platinum
LEED-certification with sustainable building features that include
the use of low VOC-emitting construction materials, triple pane
exterior glass, and ultra-efficient heating and cooling systems.
More than 75% of the building’s electricity will be produced from
on-site renewable solar energy. The campus will feature electric
vehicle charging stations and will offer proximity to the Historic
Gardner Village light rail station.
Nestled along the Jordan River Parkway, the property will
reclaim a previously contaminated former steel mill site and
support a regional habitat system through ecologically focused
design and landscaping. To foster employee health and well-being,
the campus will offer outdoor recreation opportunities, locker and
shower facilities, shareable bikes, and a large modern café with
healthy and diverse menu options.
“Zions Bancorporation’s Enterprise Technology and Operations
division has been making industry-leading investments in its core
banking systems while also delivering a variety of state-of-the-art
digital banking capabilities. This environment-friendly campus will
help us attract the best technology talent in the country while
also reducing our overall facilities costs,” said Zions
Bancorporation Chairman and CEO Harris H. Simmons.
An estimated 1,500 workers will be employed during the
construction project, stimulating continued job and economic growth
in the Salt Lake Valley. Designed by award-winning architectural
firms WRNS Studios, and Method Studios, the project will be built
by Okland Construction and Layton Construction and managed by
Gardner Company. Colliers International negotiated the transaction
for Zions Bancorporation.
“Zions Bancorporation’s new campus will have a significant
economic impact on the city of Midvale, as well as the surrounding
cities, the state, and indeed the entire Intermountain West.
Investments of this nature are critical to the ongoing growth,
innovation and success of our state’s economy and our financial
services and technology sectors,” said Utah Governor Gary R.
Herbert. “As Utah has gained a significant reputation for being a
leader in the intersection of financial services and technology
industries, this investment further validates that recognition and
our unmatched business climate.”
Zions Bancorporation, N.A. is one of the nation's premier
financial services companies with annual net revenue of $2.8
billion in 2019 and more than $70 billion of total assets. Zions
operates under local management teams and distinct brands in 11
western states: Arizona, California, Colorado, Idaho, Nevada, New
Mexico, Oregon, Texas, Utah, Washington and Wyoming. The Bank is a
consistent national and statewide leader of customer survey awards
in small and middle-market banking, as well as a national leader in
Small Business Administration lending and public finance advisory
services. In addition, Zions is included in the S&P 500 and
NASDAQ Financial 100 indices. Investor information and links to
local banking brands can be accessed at
zionsbancorporation.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200527005604/en/
James Abbott Director of Investor Relations Tel: (801)
844-7637
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