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Gateway Financial Takes 50,000 SF As New HQ

VIRGINIA BEACH, VA-Gateway Bank will occupy part of a 22-tower office building that is being developed in the city's Town Center complex.

By Erika Morphy | Updated on March 28, 2008

[IMGCAP(1)]VIRGINIA BEACH, VA-Gateway Financial Holdings Inc., the holding company for Gateway Bank, has decided to base its headquarters operations in Virginia Beach after investigating several alternative locations in the mid-Atlantic, including North Carolina and elsewhere in Virginia. Specifically, the firm will be taking occupancy in a $100-million, 22-story tower that will be developed as part of the city’s ambitious Town Center, a $500-million project still under way.

[IMGCAP(2)]By leasing 50,000 sf on two floors of the building, as well as 4,000 sf for a financial center on the ground floor, Gateway is receiving naming rights for the building, which will be called the Gateway Bank Tower. It will be phase IV of the Town Center and its third high-rise, following the Armada Hoffler Tower at 23 floors and the Westin Virginia Beach Town Center Hotel and Residences at 40 floors–the tallest building in the Commonwealth of Virginia.

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