One_Bank_of_America_Plaza

One Bank of America Plaza

One Bank of America Plaza

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One City Plaza, formerly called One Bank of America Plaza, is a 17-story skyscraper located at 421 Fayetteville Street in Raleigh, North Carolina with 367,225 square feet (34,116.3 m2).

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History

One Hannover Square and Two Hannover Square were completed in 1985.

Lennar Partners of Miami, Florida bought the building and its 554-space parking garage for $44.8 million in 2000.

One Hannover Plaza changed its name to One Bank of America Plaza in 2005 after Bank of America renewed its lease. Progress Energy had 155,000 square feet (14,400 m2) but was moving into a new building of its own. Other major tenants included Absolute Collection Services with66,500 square feet (6,180 m2), the City of Raleigh with 38,000 square feet (3,500 m2), and the law firm Hunton & Williams.[1]

In July 2005, The Simpson Organization of Atlanta, Georgia bought the building for $47.1 million. At the time, it had an occupancy rate of 80 percent. When the company listed the property for sale in 2010, it was 95 percent full.[2] Simpson made improvements including a lobby redesign, a new fitness facility, additional conference space, and renovated retail space.

References

  1. [1]
    Jones, Amanda (2005-03-25). "Raleigh tower on sale block". Triangle Business Journal. Retrieved 2010-09-23.
  2. [2]
    Bracken, David (2010-09-23). "Investor is ready to sell Bank of America tower". News & Observer. Retrieved 2010-09-23.

Media related to One City Plaza (Raleigh, North Carolina) at Wikimedia Commons

35.7743°N 78.6387°W / 35.7743; -78.6387


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