BB&T will relocate to the Capitol Center building on Columbia's Main Street in the first quarter of 2014.
BB&T, the North Carolina-based bank that has the third-largest market share of deposits in South Carolina, is moving its state corporate headquarters to the Capitol Center on Columbia's Main Street, Colliers International announced today. Meanwhile, CBRE Columbia, which represented the bank in the transaction, said the lease comprises 35,000 square feet of space in the Capitol Center building. The bank will open a branch on the first floor of the building, CBRE Columbia said. BB&T will also have the naming rights to the building.
"The Capitol Center will give BB&T a visible, high-profile location in the very heart of the Central Business District on Main Street," CBRE Columbia's Aaron Dupree said of the state's tallest office building. CBRE Columbia also noted in a news release that in the last 90 days, CertusBank has finalized a lease of the former NBSC location at Lady and Main streets. CertusBank, which has its headquarters in Greenville, would be new to the Columbia market.
The BB&T relocation should be complete by the first quarter of 2014, according to Colliers. A BB&T spokesman was not available to comment on the relocation. BB&T has 116 offices across the state, 10% of the market and almost $7 billion in deposits. The bank currently has its state headquarters at 1901 Assembly St. Colliers International's Marsha Davis represented the landlord in arranging the lease at 1201 Main St. "We are very pleased to have such a premier financial institution choose Capitol Center as its new home in Columbia," said Zoran Urosevic, vice president of M&J Wilkow, the landlord of the Capitol Center. The addition of BB&T brings the Capitol Center's occupancy rate to 94%.