Type office Roof 340 ft Height 83 m, 104 m to tip Opened 1986 | Completed 1987 Floor count 21 Floors 21 Top floor height 80 m | |
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Location 200 W. 2nd Street
Winston-Salem, North Carolina Similar Winston Tower, Reynolda House Museum, Bowman Gray Stadium, W Dennie Spry Soccer St, Southeastern Center for Contemp | ||
BB&T Financial Center is a 340-foot (100 m) postmodern green glass and steel skyscraper at 200 West 2nd Street in Winston-Salem, Forsyth County, North Carolina with 271,445 square feet (25,218.1 m2) of space. It was completed in 1987 and has 21 floors. It has served as the headquarters of BB&T since the merger of BB&T and Southern National Bank in 1995. The 19th floor has The Piedmont Club, with 13,232 square feet (1,229.3 m2) feet.
History
One Triad Park was completed in 1987 at a cost of $24 million. Aetna Life Insurance Co. bought the building in 1991 for $10.1 million after foreclosure when previous owners could not pay a $26 million loan.
In the early 1990s, Southern National Bank was expanding and, although the headquarters stayed in Lumberton, North Carolina, the bank moved some operations to Winston-Salem. One Triad Park had 74,000 square feet (6,900 m2) of space Southern National could move into immediately. In 1993, with Southern National taking 80,000 square feet (7,400 m2) on eight floors, the building's name changed to Southern National Financial Center on May 3.
On August 1, 1994, BB&T and Southern National announced a "merger of equals". The merged bank would be called BB&T, though at first, the holding company remained Southern National. The headquarters became BB&T Financial Center. Southern National Corp. changed its name to BB&T Corp. in May 1997. Womble Carlyle Sandridge & Rice was another major tenant.
Parkway Properties Inc. of Jackson, Mississippi bought the building in 1996 for $25.5 million. Parkway sold the building to Cabot Investment Properties for $27 million in August 2003. Parkway Realty Services, a Parkway subsidiary, continued to manage the building. BB&T had 201,006 square feet (18,674.1 m2) as of 2002, and the Class A building was 97.5 percent occupied.
In December 2011, Inland Private Capital Corp. of Oak Brook, Illinois bought BB&T Financial Center for $34.1 million. BB&T occupied 94 percent of the building, still considered Class A.
In late 2014, investors bought BB&T Financial Center for $60 million, the most anyone ever paid per square foot for office space in the city.