YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
The NationsBank building on Park Central Square is one of 46 properties in four states the North Carolina bank has put up for sale.
Spokeswoman Kelly Polonus said NationsBank is not abandoning those locations, only selling the buildings and leasing back the space.
"We're not in the real estate business, we're in the bank business," Polonus said, adding that the sales free up capital for NationsBank.
The 46 properties are in Missouri, Arkansas, Iowa and Kansas. Polonus said buyers have been sought since early fall 1997, with the Park Central location up for sale since mid-fall. Other properties in southwest Missouri, including West Plains, are part of the buildings for sale, Polonus said.
About 75 percent of NationsBank properties are leased, Polonus said. She said the properties will be sold together, as part of a portfolio, or individually, on a case-by-case basis.
The amount of space available in each bank was a factor in deciding what to put up for sale, Polonus said. If bank operations leave room for other leasing, those buildings were often candidates, she said.
Asking prices for the properties were not available.
[[In-content Ad]]
Canine-themed Big Dog Deli LLC opened; The Chicas Club got its start; and Burrell Behavioral Health debuted a new clinic in Marshfield.
Jack Henry to consolidate Springfield operations through building sale
Fast-casual Mexican concept Pancheros coming to Springfield
Updated: $175M convention center recommended for downtown Springfield
Luxury retailer closing stores in two states by end of August
Local brewing company seeks investors
America's largest power grid is struggling to meet demand from AI
Rapper Nelly purchases National Thoroughbred team, moves it to his native St. Louis