Bank of America has signed a new long-term lease for approximately 32,000 square feet of space in the Camperdown building being constructed at 423 S. Main St. in Greenville.
Employees will begin moving into the new location at the beginning of 2020, consolidating two offices currently located at 101 N. Main St. and 300 N. Main St.
The 4-acre Camperdown development at South Main and Broad streets is being developed by Greenville-based Centennial American Properties.
“We’re excited to announce the second-largest bank in the country as a tenant,” said Brody Glenn, owner of Centennial American Properties. “These are the exact type tenants we are looking for in the Camperdown office building.”
As to Bank of America’s new neighbors, announcements will be forthcoming in the next few months, Glenn said.
“We’ve got several more announcements of large companies that will be in the Camperdown office building,” he said. “Some of those tenants are currently in Greenville, and some are not.”
Bank of America said there are no immediate changes for customers. The new lease will include signage at the top of the building on the south side facing Falls Park on the Reedy and a retail presence at ground level including ATMs.
“Across the country, Bank of America is enhancing opportunities to deliver one company and to drive responsible growth by bringing teams together, and we are excited to do the same in Greenville,” said Stacy Brandon, Bank of America Greenville market president. “We will be bringing together our consumer, home loans, U.S. Trust, Merrill Lynch, commercial and business banking teammates to help deliver the best service and solutions.”
Bank of America’s decision to leave its current locations on Main Street will create vacancies in the Bank of America Building, owned by RealOp Investments, overlooking One City Plaza and The Ogletree Building, which recently sold to Dominion Realty Partners.
“RealOp Investments has a strong relationship with Bank of America across the Southeast as well as downtown Greenville,” said Chip Hunt, vice president of asset management for RealOp Investments. “While we would certainly love to see that continue at 101 N. Main, this provides us the opportunity to rebrand this iconic Class A office tower in the epicenter of one of the most dynamic downtowns in America. Earlier this month, we announced extensive building improvements including lobby renovations, exterior renovations, and technological system upgrades to ensure 101 N. Main remains one of the prime office locations in the state for new and existing businesses. Bank of America’s lease runs through 2020. We look forward to continuing our partnership through their remaining lease term while focusing on identifying a new tenant for this premier downtown office space and working through a very active leasing pipeline.”