Truist - New HQ (BB&T-SunTrust Merger)

[Clemson16]

Wanted a new tower but this makes sense. Wonder who the next best chance for a 600+ foot building will be now. 

[49er]

I still think they build a new tower one day once the merger is finalized. It may just be 5 years from now. They needed immediate headquarters space and it was obvious they weren't getting a new tower designed and built in a year.  

[KJHburg]

@lancer22 first mentioned this as possibility.  did not see this one coming But Cousins is a big Atlanta based REIT whom Sun Trust has a relationship with as well. 

This could slow down any more office towers announced for now.  

My photo from the other day of the new home of Branch Sun and Trust banking corp.  

Once again big news is announced when I am out of town in the Capital City today. 

[CarolinaDaydreamin]

27 minutes ago, lancer22 said:

Inside scoop is that BB&T made all the RE calls and that K&L Gates and Hearst will be downsizing/relocating.

 

K&L Gates to 300 S Tryon.

[SydneyCarton]

Charlotte has so much going on, so this isn’t such a big loss.  Maybe the QC can lure the new UTC-Raytheon conglomerate from Boston.

[CLTProductions]

I actually think it’s a good thing. Having a ton of vacant existing space is NOT good and keeping the buildings full is what keeps new ones being built. It’s a win all around 

[Crucial_Infra]

I can already see their new name broadly affixed atop such an iconic tower: iNSPHERION!  /s

Edited June 12, 2019 by Crucial_Infra

[QClifer]

any idea how long there lease will be? Maybe they just needed something quick to move into and will begin building a tower in 3 years and move in 5 years from now

[Guest]

3 minutes ago, QClifer said:

any idea how long there lease will be? Maybe they just needed something quick to move into and will begin building a tower in 3 years and move in 5 years from now

15 years.

[GeauxCLT]

1 hour ago, ricky_davis_fan_21 said:

https://www.bizjournals.com/charlotte/news/2019/06/12/merged-bb-t-suntrust-bank-to-occupy-most-of-hearst.html

well there you go. I guess not all predictions are always right, but this was the easiest "space now" move by Suntrust, and they get a turn key iconic tower. 

nice scoop by Ashley.

I told y’all this months ago! 

[Guest]

Just now, GeauxCLT said:

I told y’all this months ago! 

doesn't mean we wanted to believe ya! 

[GeauxCLT]

25 minutes ago, QClifer said:

any idea how long there lease will be? Maybe they just needed something quick to move into and will begin building a tower in 3 years and move in 5 years from now

Option to buy...so it may not be a lease at all. I suspect when the merger clears later this year, they exercise this option in 4Q. 

[atlrvr]

Since Cousins was bidding the 7th/Tryon parcel, see this as potentially a catalyst for either a 2nd phase for BB&T there or US Bank anchoring that.  I had hear USB was going to Tryon/7th buy that seemed to fall apart.  Probably because they were waiting to see what happened at Hearst.

Now that there is clarity, US Bank is going to need premium space, send likely need a new building.  They will need more space than Ally is vacsting.

[Tyrone Wiggum]

23 minutes ago, atlrvr said:

send likely need a new building.  They will need more space than Ally is vacsting.

Pricipal . Caught say of school that has stoped Handstandsing " See, told ya so" Is HE dead or not. CNN Says yes.  St Pete Times Looking for chads-OR-"hello I am write single to salute and wait for answer again"

[Matthew.Brendan]

2 minutes ago, Tyrone Wiggum said:

Pricipal . Caught say of school that has stoped Handstandsing " See, told ya so" Is HE dead or not. CNN Says yes.  St Pete Times Looking for chads-OR-"hello I am write single to salute and wait for answer again"

 

[15895]

That is an amazing building for their HQ. Very fitting for one of the largest banks 

[RiverwoodCLT]

That will give Charlotte 4 Fortune 500 Companies Headquarters  in uptown Charlotte.

[Tyrone Wiggum]

35 minutes ago, RiverwoodCLT said:

That will give Charlotte 4 Fortune 500 Companies Headquarters  in uptown Charlotte.

 

[TheOneRJ]

Hm. Not a fan of this, hopefully the tower is renamed or has some sort of signage. 

[Guest]

3 minutes ago, TheOneRJ said:

Hm. Not a fan of this, hopefully the tower is renamed or has some sort of signage. 

Keep your sign off of that tower. I don't want anything touching the top of Hearst.

[Vitamin_N]

I wonder if they'll occupy that old trading floor in Hearst.

[Rufus]

36 minutes ago, Vitamin_N said:

I wonder if they'll occupy that old trading floor in Hearst.

I'd be surprised if that wasn't a big sell for them. I mean, the banking infrastructure is there, and BB&T had some skill in that part of the industry. It would be nice to see that again, albeit on a smaller scale. 

Personally, I think we are missing some of the point with this: this is probably one of a couple of towers for them. Think of every major bank in this city, and most have more than one tower. We aren't going to get a new tallest, but I am intrigued at what this does for North Tryon. 

[a2theb]

New name is Truist Financial........

Edited June 12, 2019 by a2theb

[CharlotteWkndBuzz]

7 minutes ago, a2theb said:

New name is Truist Financial........

Going to miss the BB&T name.  I've banked with them all my life. I'm assuming all the stadiums and arenas that have naming rights will change too.  Truist Ballpark...doesn't sound right.  Guess I'll get used to it.

Edited June 12, 2019 by CharlotteWkndBuzz

[navigator319]

idiotic name.  good real estate move