BIRMINGHAM, Ala. – July 3, 2018 – Regions Bank announced today that the Charlotte Regions Real Estate Banking office served as Joint Lead Arranger in financing to Crescent Communities to fund construction of Ally Charlotte Center, a mixed-use office tower under development in uptown Charlotte, N.C.
The 26-story, 742,000 square-foot office tower will house Ally Financial as its anchor tenant and includes an adjacent eight-story parking deck. Future plans for the 3.54-acre property include retail space, a large public plaza, and a hotel to be constructed and owned by White Lodging. Ally Charlotte Center will be new and vibrant community space in the heart of Charlotte’s cultural and commerce district.
Crescent Communities is a nationally recognized, market-leading real estate company specializing in the development and sale of single family, multifamily, commercial and mixed-use communities.
Regions Real Estate Banking is a team of four business groups – Real Estate Corporate Banking, Income Property Finance, Homebuilder Finance, and Regions Affordable Housing – strategically assembled to meet the needs of professional real estate companies, developers and investors. Regions delivers competitive products with superior service marked by speed, certainty and creativity, leveraging the bank’s full capabilities to offer a wide range of integrated banking solutions to help real estate businesses succeed and grow.
About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), with $123 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, mortgage, and insurance products and services. Regions serves customers across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates approximately 1,500 banking offices and 1,900 ATMs. Additional information about Regions and its full line of products and services can be found at www.regions.com.