BB&T Takes Over Lease of 390,000-Sq.-Ft. Building Formerly Occupied by American Express

BB&T Corp. of Winston-Salem has signed a seven-year agreement to lease the former American Express call center building in Greensboro. The company plans to add 1,700 jobs to the region over the next five years. Located west of Piedmont Triad International Airport, the 390,000-square-foot structure will eventually house up to 2,500 employees working primarily in back office, administrative and support functions. Between 50 and 100 workers will move into the bank’s Triad Corporate Center by December. BB&T neither sought nor was offered any economic development incentives as part of the transaction. According to Chris Henson, the bank's chief operating officer, the expansion was prompted by the company’s internal growth.

by Adriana Pop, Associate Editor

BB&T Corp. of Winston-Salem has signed a seven-year agreement to lease the former American Express call center building in Greensboro. The company plans to add 1,700 jobs to the region over the next five years.

Located west of Piedmont Triad International Airport, the 390,000-square-foot structure will eventually house up to 2,500 employees working primarily in back office, administrative and support functions. Between 50 and 100 workers will move into the bank’s Triad Corporate Center by December.

BB&T neither sought nor was offered any economic development incentives as part of the transaction. According to Chris Henson, the bank’s chief operating officer, the expansion was prompted by the company’s internal growth.

“The new BB&T Triad Corporate Center allows us to consolidate offices, many of which are nearing capacity, in a central location and provide space for future expansion,” Henson said. “The central location of this facility to Winston-Salem, Greensboro and High Point make it an excellent site for our existing and future associates and underscores our commitment to the Triad.”

The Winston-Salem Journal reports that the facility became available in late 2011, when American Express closed its call center. The company laid off about 1,500 of its 1,900 employees, marking the largest commuter job cut in Triad history.

In other news, county commissioners have approved a $1.2 million incentive package for the conversion of Durham’s old Mutual Community Savings Bank building into a boutique hotel.

The $11 million project will be developed by Gentian Group LLC. The renovation plans for the late-1960s property include 54 rooms, a restaurant and hotel lobby on the ground floor and a bar on the rooftop. The new development is expected to generate 100 construction jobs and around 89 permanent jobs. According to Durham Herald-Sun, the rooms offered by the future Holland Hotel will also benefit business at the nearby Durham Convention Center.

Photo credits: www.winstonsalemopen.com