Bank of America plans to lease 40,000 square feet of space at 250 Monroe NW in Grand Rapids as the bank looks to grow its market presence in the region.
CWD Real Estate Investment said today that Bank of America will be the anchor tenant in the renovated 160,000-square-foot building in downtown Grand Rapids.
Bank of America will lease space on the first, fifth and sixth floors, according to a statement.
Previously, Bank of America had offices in CWD’s Trust Building at 40 Pearl St., but moved out when Huntington Bank relocated its offices to the facility. Its Merrill Lynch, global commercial banking, business banking and consumer teams will consolidate at 250 Monroe, according to a statement.
CWD purchased 250 Monroe in 2014 and is in the process of finishing the building’s first significant upgrades since it was built in 1982. The renovations should be completed by the end of the month, with tenant build-outs continuing through the summer, according to CWD Managing Partner Sam Cummings.
The developer worked with Detroit-based architecture firm Hamilton Anderson Associates for the renovation project.