Hearst Tower
CHARLOTTE, NC—Cousins Properties announced that Truist Financial Corp., a bank created from the merger between BB&T and SunTrust, has exercised its option to purchase Hearst Tower in Uptown Charlotte from Cousins for $455.5 million. The building will serve as Truist's headquarters. The transaction is expected to close in March 2020.
The building opened in 2002, and was constructed by Bank of America. Parkway Properties purchased the property from Bank of America in 2012, and Cousins merged with Parkway in 2016.
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