200 South College

Skyscraper in North Carolina, United States February 2025 January 2025 200 South College Complete BB&T Center 200 South College November 2022.jpg 200 South College Street, Charlotte, North Carolina 35 13 31 N 80 50 37 W Little & Associates BB&T Properties LLChttps://www.bizjournals.com/charlotte/news/2021/01/15/bb-t-center-sold-to-new-york-group-for-115m.html BB&T Center in uptown sells to New York group for $115M Ashley Fahey Charlotte Business Journal 15 January 2012 29 May 2021 567,865 sqft m2https://www.bizjournals.com/charlotte/subscriber-only/2022/10/28/charlottes-largest-office-buildings.html Charlotte's largest office buildings Amy Sharipo Charlotte Business Journal 22 October 2022 24 December 2022 22 BB&T Center https://www.emporis.com/buildings/121690/bb-t-center-charlotte-nc-usa https://web.archive.org/web/20200803105741/https://www.emporis.com/buildings/121690/bb-t-center-charlotte-nc-usa usurped August 3, 2020 Emporis.com Office Modern 300 ft m on 1975 On-site parking garage light rail 3rd Street/CC 200 South College200 South College https://www.trinity-partners.com/listings/200-s-college 2023-03-28 Trinity Partners en March 28, 2023 https://web.archive.org/web/20230328042942/https://www.trinity-partners.com/listings/200-s-college dead (formerly BB&T Center) is a 300 ft m 0 on high-rise in Charlotte, North Carolina. Completed in 1975, it consists of 22 floors and an 11-story parking garage.https://www.bizjournals.com/charlotte/news/2020/05/12/atlanta-reit-snags-another-uptown-tower-after-reco.html Could Atlanta-based Cousins Properties' $85M acquisition of uptown parking deck spell future redevelopment? Ashley Fahey Charlotte Business Journal 12 May 2020 4 October 2022 On the second floor, it is connected to neighboring buildings via skybridges, as part of the Overstreet Mall. History The building was developed for Southern National Bank. The idea to construct the building was first announced in December 1970. Earlier in the year Southern National had acquired Bank of Charlotte, which gave them four 100-year old buildings on South Tryon Street. The bank undertook a $300,000 renovation of one of these buildings. However, the renovation was abandoned when the contractor discovered that the old brick turned to powder when it was touched. Southern National determined that none of the four buildings could be renovated. When the Charlotte Observer reported on this, Dewey D. Godfrey, executive vice president in charge of local operations, told the newspaper the bank still had not decided to build. However, he said about the success of a new building. "I bet we could rent it all out tomorrow, if we were definitely going to build.""Southern National Bank May Build Instead of Remodel", The Charlotte Observer, December 4, 1970. Originally the building was intended to be 13 stories. However, in January 1974 Southern Bell signed a lease for 300,000 sqft m2 of space. The building's floor count increased to 22 floors and the floor area from 237,000 sqft m2 to its current 586,000 sqft m2. The project's price tag doubled from $13 to $26 million. Part of the expansion was adding office space to floors 11 to 13 by building above the parking garage. This allowed Southern Bell to locate departments together on floors within the building. At the time of the announcement in January 1974, Southern Bell had 1,124 North Carolina–based employees housed in seven office buildings in Charlotte, for a total of 245,000 sqft m2. The company's space in the building allowed them to locate all North Carolina employee in one building."Strong N.C. Economy Attracts National Lenders To State", The Charlotte Observer, January 17, 1974."Southern Bell Lease Means Nine Floors For Southern National Bank", The Charlotte Observer, January 17, 1974. Rodney Little of Little & Co. said that in 1975, Overstreet Mall, based on a Minneapolis design, was expected to be a big success as concern began about retailers moving to the suburbs. For this reason, Southern National Center did not face a major street, but was intended to be part of a network of bridges between office buildings and major stores such as Belk and Ivey's. Another reason for locating along College Street was the concern that Tryon Street would run out of space. However, in the 1980s, the Charlotte City Council decided to limit additional walkways, and the uptown Belk and Ivey's closed by the end of the decade.Carol Hazard, "Overstreet Undershopped Merchants in Uptown Mall Feel Heat from Belk's Closing," The Charlotte Observer, October 13, 1989. Southern National Center was the home of the Charlotte headquarters of Southern Bell from 1975 to 1995. When BellSouth, the successor company to Southern Bell, moved to the 16-story BellSouth Plaza in 1995, Little & Co. made plans for a $10 million renovation to attract new tenants. The merger of Southern National Bank and BB&T, which resulted in a name change to BB&T Center, meant that BB&T increased its space to 59,000 sqft m2, and NationsBank took 285,000 sqft m2, but 166181 sqft m2 on still remained vacant. Among the building's problems were the facts that most of the floor space had been designed specifically for Southern Bell, and the lobby was on the third floor due to the Overstreet Mall. An advantage was the 1500-space parking deck inside.Doug Smith, "Redevelopment Team Plans Major Makeover for BB&T Center," The Charlotte Observer, December 10, 1995. In August 1999 the New York–based Winstar Communications Inc. signed a lease for 12,795 sqft m2 for a switching station. The station only employed a few people. However, at the time of signing the lease, the company was looking for a 10,000 sqft m2 office to house sales staff, technical, and administrative workers.https://www.bizjournals.com/charlotte/stories/1999/08/23/newscolumn1.html elecom company opens switch station, seeks office Roundup J. Lee Howard Charlotte Business Journal 23 August 1999 4 October 2022 NationsBank became Bank of America, and in 2001 and 2002 gave up 140,000 sqft m2 as part of its operation moved to Gateway Center, leaving 240,000 sqft m2 still occupied. In 2004, BB&T agreed to increase its space in the building by 21000 sqft m2 to 100,000 sqft m2.Doug Smith, "BB&T Center Wins Again in Tough Market," The Charlotte Observer, March 21, 2004. In February 2007, the CIM Group acquired the building for $117 million. BB&T, Bank of America, Mecklenburg Medical Group and AT&T were the largest tenants at the time of the sale. Spectrum Properties became the new leasing management company.https://www.bizjournals.com/charlotte/stories/2007/02/05/daily14.html BB&T building sells for $117M Charlotte Business Journal 6 February 207 4 October 2022 In February 2014, AIG signed a lease for 32,000 sqft m2 for a technology center on the 13th floor. The creation of the new office created 230 new jobs by 2017. The center jobs included design, development, testing and deployment of insurance software. The 13th floor became available as a result of Bank of America vacating three floors for a total of 180,000 sqft m2 earlier in the year. After the AIG lease, 151,478 sqft m2 remained available.https://www.bizjournals.com/charlotte/print-edition/2013/08/16/uptowns-lack-ofvacancy-problem.html Uptown Charlotte's (lack of) vacancy problem Will Boye Charlotte Business Journal 16 August 2014 4 October 2022 https://www.bizjournals.com/charlotte/blog/real_estate/2014/02/aig-leases-space-at-bb-t-center-for-new-technology.html AIG leases space at BB&T Center for new technology center Will Boye Charlotte Business Journal 18 February 2014 4 October 2022 In May 2016, landlord Spectrum Properties renewed or issued new leases for a total of 80,000 sqft m2. TeKsystems and Aeroteks jointly signed on for 43,000 sqft m2, and AIG expanded its space to 23,450 sqft m2. The new building tenants were RingCentral leasing 12,351 sqft m2 and the University of South Carolina's Darla Moore School of Business with 5,000 sqft m2.https://www.bizjournals.com/charlotte/print-edition/2016/05/13/it-firm-aig-expand-bb-t-center.html IT firm, AIG expand BB&T Center Ashley Fahey Charlotte Business Journal 13 May 2016 30 September 2022 In November 2016 BB&T, the building's anchor tenant signed a 10-year newel lease for 120,000 sqft m2. The building served as the bank's regional headquarters, housing many lines of business and a bank branch on the first floor. The businesses housed there include Grandbridge Real Estate, BB&T Investments and BB&T Wealth Management. At the time of their renewal the building was 74% leased.https://www.bizjournals.com/charlotte/news/2016/11/03/bb-t-renews-its-lease-at-uptown-charlotte-office.html BB&T renews its lease at uptown Charlotte office building Ashley Fahey Charlotte Business Journal 3 November 2016 4 October 2022 In June 2017 the building was purchased by Philadelphia-based Arden Group for $148.5 million. At the time of the sale, the building was 80% leased.https://www.bizjournals.com/charlotte/news/2017/06/14/bb-t-center-sells-for-148-5m-to-arden-group.html BB&T Center sells for $148.5M to Arden Group Ashley Fahey Charlotte Business Journal 14 June 2017 4 October 2022 When the purchase was announced, they revealed plans to spend $10 million to renovate the building. This included adding stone and porcelain walls and floors to the first and third floors, adding LED lights, and creating a tenant amenity center with training on the second floor. The renovations were completed in the third quarter of 2019. At the time of the announcement, 97,965 sqft m2 was available in the building.https://www.bizjournals.com/charlotte/news/2018/10/31/bb-t-center-overstreet-mall-renovations-planned-by.html RENDERINGS: BB&T Center, Overstreet Mall renovations planned by new building owner Ashley Fahey Charlotte Business Journal 31 October 2018 4 October 2022 In May 2020, the building's parking deck was sold to Cousins Properties Inc. for $85 million. The structure is 11 stories and has 1,520 spaces. In January 2021 the building was sold for $115 million to BB&T Properties LLC. The Arden Group acquisition in 2017 for $148 million included the parking deck. However, only the building was sold in 2021. The building was 85% occupied at the time of the sale, with Truist Financial being the major tenant occupying 120,000 sqft m2 of the 586,646 sqft m2 in the building, with their lease expiring in 2026. The other tenants include AIG, TekSystems, Aerotek, and Ring Central. In November 2021, Truist Financial announced it would be closing their branch in the building by mid-February 2022. It stated it plans to open a branch on the ground level of Truist Center. In November 2021, the branch employees were the only Truist employees left in the building. The bank is leasing 120,000 sqft m2 until 2026, when it will be opting to sublease.https://www.bizjournals.com/charlotte/news/2021/11/15/truist-branches-closure-uptown-freedom-drive.html Truist Financial to relocate uptown branch next year, add another locally Caroline Hudon Charlotte Business Journal 15 November 2021 30 September 2022 The building had served as BB&T's regional headquarters prior to the BB&T and SunTrust merger.https://www.bizjournals.com/charlotte/news/2016/11/03/bb-t-renews-its-lease-at-uptown-charlotte-office.html BB&T renews its lease at uptown Charlotte office building Ashley Fahey Charlotte Business Journal 11 November 2016 30 September 2022 See also List of tallest buildings in Charlotte References External links Category:Office buildings in Charlotte, North Carolina Category:Office buildings completed in 1975 Category:Uptown Charlotte