Local bank offices on block
SunTrust offices in High Point and Winston-Salem are among properties the company plans to sell and lease back in a cost-cutting move announced last week.
SunTrust Banks Inc. is offering up approximately 425 branches and a handful of office buildings to developers, brokers and real-estate investment trusts in a move intended to lower company expenses and cut the amount of unused or under-used office space for which SunTrust is paying, according to a company news release.
An office at Oak Hollow Village in High Point (on Eastchester Drive) and one on Country Club Road in Winston-Salem are among those being listed for sale and lease-back by the Atlanta-based banking organization.
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