Bank of America Tower under contract to be sold in $436M deal

Bank of America Tower, the most recent office building to be added to Queen City's uptown skyline, is under contract to be sold to a REIT that has an eye toward expanding in the local market.

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Raleigh-based Highwoods Properties said it has agreed to purchase the 33-story, 841,164-square-foot building, at 620 S. Tryon St., for $436 million, according to a disclosure by the company this afternoon. The building is anchored by Bank of America Corp. and was developed by Lincoln Harris and Goldman Sachs, which are spearheading the entire Legacy Union mixed-use development kicked off by Bank of America Tower in 2017.

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