Bank of America signs huge lease in new Uptown tower

Screen Shot 2017-04-16 at 9.10.58 PMThe new 33-story office tower under construction in Uptown at the corner of Church Street and Hill Street just scored a massive tenant. Bank of America recently signed a lease for approximately 500,000 square feet with plans to move in at the end of 2019.

The massive lease will allow Bank of America to consolidate many of its employees into one space that will boast the company’s name and branding on the building. There is still no confirmation as to whether or not other Bank of America leases around the city will continue. The new building is also only a block away from Bank of America Stadium, further cementing the company’s presence in the city. Plus, this new tower is just one of many additions to the continued development of the Stonewall Street corridor.

The site of this Bank of America building used to be home to the Observer and Reeves Sheet Metal, and it totals 10 acres that was sold for $37.5 million last year.

With more than 845,000 total square feet available in the building, there is still plenty of space up for grabs, even with all of the square footage that Bank of America will occupy. Construction is underway and so is leasing, but completion of the building is going to take some time.

Bank of America has been a major player in the corporate and financial scene of Charlotte for years, and for more details and information on what this move means for the company as well as what this construction project means for Charlotte development as a whole, be sure to read the full article at CharlotteObserver.com.

 

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