SunTrust Bank Consolidates, Plans New Business Center in Henrico

02/21/17
SunTrust Bank Consolidates, Plans New Business Center in Henrico

WestMark Office Park is located at 11000 West Broad Street, in the heart of Henrico’s premier eight million-square-foot Innsbrook area office submarket. The 40-acre office complex has attracted several Fortune 100 and Fortune 500 tenants over the years, including Capital One, WestRock (formerly MeadWestvaco) and Philip Morris USA. The property was recently purchased by Bridge Investment Group for $45 million. SunTrust Bank will lease the property, which will be renamed SunTrust Center, with the bank located in SunTrust One.

 

WestMark Office Park

SunTrust considered many real estate options in the area before deciding to remain in Henrico County, choosing the WestMark complex for its strategic location (the property’s highly visible location on I-64 marks it as the gateway to Henrico business) and easy access to interstates, which will allow its large workforce to commute from all over the region. The move and related renovations to the property will transform WestMark One into a 212,000-square-foot business center and consolidate employees from three separate locations.

John Stallings

“SunTrust will bring together approximately 1,200 teammates into the SunTrust Center,” says John Stallings, president and CEO of the Virginia Division of SunTrust. “The 10-year, five-month lease will commence on October 1, 2017, and we plan to have most of our teammates located there by year-end. The workplace will include fully integrated technology; support teammate mobility; provide a fitness center, a variety of conference and collaboration rooms, and a café; and incorporate many enhancements developed specifically for SunTrust offices.”

“Bringing our teammates together under one roof at the new SunTrust Center will foster collaboration, increase productivity and enhance our ‘one team’ approach,” says Pam Kilday, SunTrust executive vice president of operations.

Stallings says SunTrust signage will be placed on the buildings by the start of the lease or shortly thereafter.

The Atlanta-based company is one of the nation’s largest and strongest financial services companies. With nearly 4,000 full-time employees, the bank is also one of the largest employers in the Richmond area.

Not all of its employees will make the move to 11000 Broad Street. “Many teammates will remain at the downtown Richmond office building at 919 E. Main, and at the two buildings at the large SunTrust Mortgage campus on Semmes Avenue,” explains Stallings.

 

About SunTrust Bank

SunTrust’s history began in 1891, when the Georgia General Assembly granted a charter for the Commercial Travelers' Savings Bank in Atlanta. It wasn’t until 1998, however, that the SunTrust brand began to really take shape in Richmond, Virginia. In December of that year, the bank acquired Richmond-based Crestar Financial Corp., expanding SunTrust’s footprint into Virginia, Maryland and the District of Columbia.

Today, SunTrust Banks, Inc., is one of the nation’s largest and strongest financial services companies, with total assets of $205 billion and total deposits of $160 billion (as of December 31, 2016). The company operates three business segments: Consumer Banking and Private Wealth Management, Wholesale Banking, and Mortgage Banking. The SunTrust Business Center in Henrico County will support all segments of the bank. Learn more.