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Bank of America to sell Hearst Tower, Fifth Third Center

Friday, February 03, 2012
Bank of America to sell Hearst Tower, Fifth Third Center On Wednesday, Bank of America confirmed that it plans to sell the 47-story Hearst Tower in uptown Charlotte and lease back the space it uses in that building.

Charlotte-based Bank of America will also sell the 30-story Fifth Third Center and lease back space it uses there.

A third building in New York, 222 S. Broadway will also be sold. That structure is a former Merrill Lynch property.

The Hearst Tower, completed in 2002, has 970,000 square feet of space and is Charlotte's third-largest building.

The Fifth Third Center, completed in 1997, has more than 666,000 square feet and is the city's ninth-largest tower.

A BofA trading floor in the Hearst Tower is one of the largest in North America at three stories tall. For several years it buzzed with activity at BofA built a large capital markets presence in Charlotte. However, many of those jobs have shifted to Manhattan in recent years as BofA combined operations with Merrill Lynch.

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