(Atlanta, May 13, 2011) 3630 Peachtree, a joint venture of Duke Realty and Pope & Land Enterprises, Inc., has leased 3,988 square feet of space to Branch Banking & Trust (BB&T) for a branch bank on the first floor of the building and 16,812 square feet on the second floor to BB&T’s wealth management division and Scott & Stringfellow, BB&T’s regional brokerage and investment banking division. Though the branch bank is new, the wealth management and investment/brokerage offices are consolidated from two other Buckhead locations.
“Being able to secure BB&T as our retail banking presence at 3630 Peachtree is an important step for our property,” said Duke Realty Senior Vice President Kerry Armstrong. “And bringing the regional wealth management and brokerage and investment banking offices of BB&T, one of the most respected financial institutions in the country, to 3630 is certainly a coup for our building.”
Rob Metcalf, Brannan Moss and Nicole Janney of Jones Lang LaSalle represented BB&T in the transaction. Kerry Armstrong of Duke Realty and Larry Kelly, Jackie Gauthreaux and Jennifer Koontz of Pope & and Land and Chris Scott of Greenstone Properties represented ownership.
BB&T joins ZTE USA, Windham Brannan, JWT, What Counts, ORTEC, Lesesne Capital Management, Teavana, VRA Partners and TO-GO Bistro and Tomo Japanese Restaurant, who have signed leases in the building.
BB&T Corporation (NYSE: BBT) is one of the largest financial services holding companies in the U.S. with more than $157.2 billion in assets and market capitalization of $16.7 billion, as of Sept. 30, 2010. Based in Winston-Salem, N.C., the company operates approximately 1,800 financial centers in 12 states and Washington, D.C., and offers a full range of consumer and commercial banking, securities brokerage, asset management, mortgage and insurance products and services. A Fortune 500 company, BB&T is consistently recognized for outstanding client satisfaction by J.D. Power and Associates, the U.S. Small Business Administration, Greenwich Associates and others. More information about BB&T and its full line of products and services is available at www.BBT.com.
About Duke Realty
Duke Realty is one of Atlanta’s leading commercial property owners, serving approximately 500 tenants in an industrial and office portfolio of more than 13 million square feet. Duke Realty also owns approximately 900 acres of land for sale or future development in the greater Atlanta area.
Duke Realty owns and operates approximately 139 million rentable square feet of industrial and office assets, including medical office, in 18 major U.S. cities. Duke Realty Corporation is publicly traded on the NYSE under the symbol DRE and is listed on the S&P MidCap 400 Index. More information about Duke Realty is available at www.dukerealty.com.
About Pope & Land Enterprises, Inc.
Atlanta based Pope & Land, founded in 1979, is a leading commercial developer and property owner in the southeastern United States. The company has developed in excess of 5 million square feet of office space in metro Atlanta and has 3700 acres of commercial land for future development. More information on Pope & Land is available at www.popeandland.com.