COLUMBIA, SC — A large BB&T logo will be added atop The Capitol Center when the bank moves its Midlands headquarters into the building at 1201 Main St. next year.
BB&T becomes the third bank in three months to announce plans to move its state or local headquarters to the redeveloping Main Street corridor – an intersection for business, commerce and residential development that location bank officials called “highly desirable.”
“The Capitol Center will give BB&T a visible, high-profile location in the very heart of the central business district on Main Street,” said Aaron Dupree, a broker with CBRE Columbia who negotiated the deal with Colliers International’s Marsha Davis.
BB&T, which leased 35,000 square feet in the building, will have a bank branch on the mezzanine level and its offices will be on the seventh and eighth floors. The tower, which is the tallest building in the state, houses Haynsworth Sinkler Boyd law firm, the S.C. Department of Commerce and the Capitol City Club.
BB&T’s relocation from its current Assembly Street location is expected to be completed by February 2014, bank officials said.
“The Main Street address is still just really critical for banks and for other professional firms,” Davis said.
And space is becoming tighter with an influx of new stores, restaurants and housing projects in the past couple of years as the street is revitalized.
“We’re seeing really good things,” said Davis, who started leasing space in the central business district 14 years ago when it largely shut down after 5 p.m. as office workers returned home to the suburbs for dining and shopping. “We’ve come a long way.”
In the past three months, CertusBank has finalized a lease of the former NBSC location at Lady and Main streets, according to a release from CBRE, and Ameris Bank announced plans to relocate its state headquarters to 15,000 square feet in 1333 Main St.
“You can make the move to Main Street at a viable price,” said Liz McCary, Colliers International spokeswoman. “Soon that’s not going to happen.”