*Breaking* Greensboro lands Suntrust/BB&T mortage HQ.(Truist Mortgage)

[Genesis704]

Suntrust& BB&T will be moving the current Suntrust Mortgage Headquarters from Richmond, Va, to Greensboro, NC.  

Truist Financial Mortgage(horrible name btw) will be based in Greensboro, NC. moving all of the team leader jobs from Richmond including the lead of Suntrust Mortgage "Todd Chamberlin".  

when the Suntrust was asked why they chose greensboro for the merger mortgage HQ, they had this to say.

Full article: 

https://richmondbizsense.com/2019/05/23/suntrust-move-parts-richmond-mortgage-hq-n-c-part-bbt-deal/

So more good news for North Carolina and the Triad.

This will bring the total mortgage/Insuranse HQ's in Greensboro to three.

1.Lincoln financial group. 

2.Arch Captital insurance. 

3.* Truist financial Mortgage. 

Maybe we can land National General one day?

Edited June 22, 2019 by GSOcitizen

[SydneyCarton]

That's good news.  I wonder if they'll anchor a new building.

[cityboi]

4 hours ago, SydneyCarton said:

That's good news.  I wonder if they'll anchor a new building.

Eventually but I think the job transition from Richmond will be gradual. The top leadership including the CEO of the mortgage department is moving to Greensboro first. Maybe by the time Carroll builds his 20 story office tower by the ballpark they'll be the anchor. The timing just might be right.

Edited June 21, 2019 by cityboi

[KJHburg]

Maybe they are moving to the old AMEX building that BB&T bought by the GSO airport.  

[Genesis704]

17 hours ago, SydneyCarton said:

That's good news.  I wonder if they'll anchor a new building.

This is what i was thinking aswell, Truist Mortgage HQ  in close proximity to LFG HQ and Arch  HQ with kontoor Brands HQ in the background would be amazing, sort of like a Tryon type of situation with all of the big bank HQ's and other HQ's lining tryon.

I feel right now, A move downtown would be for the best, office demand is the highest it's been since the 1990s office boom.

Just this year concerning white collar and corporate jobs we've had.

*First National Bank HQ to be headquarted in the new ballpark tower downtown.

*Centric Brands Moving 260 corporate jobs from New York city to the redevelloped gateway plaza, on the corner of elm & gateway blvd downtown.

*Lee jeans moving 300 corporate and entry level jobs from Kansas, fusing with Kontoor Brands(Nasdaq: KTB) and moving downtown into VF's old Headquarters, while VF still maintains it's 2700 employees at the Greensboro VF buisness park.

*And now Truist is moving 36 Corporate jobs, along with the lead man todd chamberlin, aswell as moving the HQ from Richmond to Greensboro.

*what an amazing year for gboro so far..*

 

Companies pay attention to moves like this, Which is why we landed Truist Mortgage, Something tells me they will be coming downtown, and i'm sure Roy is already trying to make them a tenant for his 20 story office proposal.

Also...

I really Foresee winston Based National General (formally GMAC ) Considering a move to Greensboro now.

BB&T's move to Charlotte is a prime example that companies want to be where the action is. 

In truist banks defence, instead of building a new tower, they chose hearst tower because there was space available in a prime location.

In Greensboro, the current office vacancy rate for downtown is 7.5%..  that's why office buildings are going up, demand drives the economy. 5 years ago, that demand was not there.

Suntrust& BB&T choosing Greensboro for the Mortgage HQ is also a tell tell sign of Big things to come.

Also with appartment vacancy rates hitting all time lows,  Downtown is going to experience another big residential boom in 2020. Even the 17 story centerpointe condo tower is at full capacity. With only 3 units available out of 300. Carroll at bellemade just oppened..and the built units already sold out.

We need to get the ball rolling. The demand grows day by day, i just hope we will be ready.

Edited June 22, 2019 by GSOcitizen