B of A Consolidating in Charlotte

Bank of America Corp is leaving its space in Fifth Third Center at 201 N. Tryon St., where it occupies 316,751 square feet after its lease expires in July 2025. That office is located across from its global headquarters at 100 N. Tryon St. in uptown Charlotte. As part of its consolidation effort, BofA is also moving out of a 242,820-square-foot office space it occupies in Gateway Center at 901 W. Trade St., less than a mile away from Fifth Third Center. It expects to vacate after its lease expires in September.

The Charlotte Business Journal reports Cousins Properties, the landlord for Fifth Third Center, is planning a major amenity overhaul at the property once Bank of America exits. Fifth Third Center is 92% occupied, which will drop to 53.7% after the bank’s exit.

The employees will be moving to four other BofA offices with enough space to absorb them in the Charlotte area. There will be no job losses associated with the moves.