By Ashley Fahey
Regions Financial Corp. (NYSE: RF) will take 63,806 square feet at 615 South College, making it the first named tenant for the 370,000-square-foot uptown office building.
Regions Bank, headquartered in Birmingham, Ala., will move into the speculative office building under construction now that is being developed by Atlanta-based Portman Holdings. Regions will occupy two-and-a-half floors at 615 South College and potentially a ground-floor retail branch in the building.
Most of Regions’ Charlotte-area associates will relocate to 615 South College as soon as next year, according to a statement from Portman and Regions. The office space will house executives and associates from Regions’ capital markets division, specialized industries group, real estate banking division, corporate and commercial banking groups, consumer lending division, and other lines of business, according to Regions. The collaborative office space is expected to bring together employees and associates across multiple business groups.
Regions has also inked a deal for signage rights on the building. Travis Garlandat Portman, along with Trinity Partners’ John Ball and Peter Conway, represented ownership in the transaction. Sim Wilson, Mike Fahey and Mark Decherd with CBRE negotiated the lease on behalf of Regions.
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