Friday, April 11, 2008

Senniger Powers Relocates to Bank of America Tower

The Business Journal is reporting that Senniger Powers is moving from Met Square to 35,000 sf in the Bank of America Tower at 100 N. Broadway.

Unfortunately, Bank of America is in the process of vacating 140,000 sf in the building on April 22 but will still maintain 120,000 sf there after the reduction. The upside is that the availability of 100,000+ sf of Class A space at a very reasonable ($18 psf) rate. The Senniger Powers lease will push the Bank of America Tower's occupancy rate to roughly 65%.

Senniger Powers will be leaving behind 45,000 sf at Met Square.


JMedwick said...

Is BOA's lease on already vacant space ending or are they consolidating their offices somewhere else?

I know for a long time they were moving some operations out to Clayton, but that in recent years they had been moving stuff back downtown into the Bank of America Plaza building

Brian said...

That's a good question - I don't know. They were vacating space back when I worked for BofA in the early 00s, and I guess the trend is continuing. My old office is now occupied by Hardee's.

I think the operation that they moved to Clayton was their downtown Private Bank office.