FirstBank shows off a sneak peek to city officials of their soon-to-open financial center at the Twickenham Square development in Huntsville, Alabama.
Construction on the 9,000-square-foot space at the Twickenham Place office tower at Gallatin Street and St. Clair Avenue is scheduled to end in mid-November. FirstBank Area President Jim Owens said all regulatory approvals are in place to open the building the following month. FirstBank signed a lease with Twickenham Place, who was represented by Triad Properties Corporation of Huntsville, AL, in August.
The downtown Huntsville facility, which will initially serve about 30 employees, will be FirstBank’s “marquee location,” meaning it will have a full-service bank branch, drive-thru and consolidated Mortgage Partners Office.
“FirstBank has completed its plans and is in process of constructing its interior space,” according to Triad Principal Gerry Shannon. Shannon noted that a financial institution was the last missing component in the Twickenham Square mixed-use development and Triad was pleased to have successfully met this requirement with the FirstBank lease.
Meanwhile, Triad Principal William Stroud said he was delighted with FirstBank’s decision to locate in the office building that connects to the Huntsville Hospital via a second-floor walkway. “We are very fortunate to be able to attract a bank with such a stellar reputation and a strong tradition of being a good corporate citizen as the anchor of Twickenham Place,” Stroud said.
Huntsville Mayor Tommy Battle, whose leadership initiated Twickenham Square, said the addition of FirstBank is the “icing on the cake” for Huntsville’s premier mixed-used development, which also features a Homewood Suites, Publix and a multi-family residential complex. He has estimated that Twickenham Square will generate $2.3 million a year in property, sales and liquor and lodging taxes, plus $1.6 million in one-time sales taxes on construction materials.
“Having a bank at Twickenham Square really completes the development, and I could not be happier that FirstBank has made Huntsville part of its growth plans and has selected this location for its new financial center. The fact that FirstBank chose Huntsville for its first expansion outside of Tennessee speaks volumes about our city’s growing reputation as North Alabama’s economic engine.”
The financial center will be led by Owens, a 28-year banking veteran who serves on the board of directors for the Chamber of Commerce of Huntsville/Madison County and has been active with the Huntsville Committee of 100 and Leadership Huntsville/Madison County.
FirstBank’s building crew is finishing up the drive-thru technology, installing carpet and working to add a Wi-Fi-enabled “tech bar” near the front entrance of the branch. Owens said it will feature iPads tethered to the wall so customers can surf the web or download apps.
“As far as I’m aware, there’s nobody else in Huntsville that’s got the capacity to do that,” he said of the area banking industry.
Twickenham Place will also be home to Asian Rim, a Birmingham-based Thai, sushi, Pan-Asian and American food restaurant slated to open by the end of the year. It will span about 5,500 square feet on the lobby floor of the five-story office building.
Twickenham Place is managed by Triad Properties Corporation and currently has space available for lease on the second, fourth and fifth floors. For more information regarding Twickenham Place, please contact William Stroud or Gerry Shannon at Triad Properties Corporation 256-551-1000.
About Triad Properties Corporation
Triad Properties Corporation was formed as a Huntsville-based real estate operating company to acquire, develop, finance, lease and manage commercial real estate for a select group of private investors and institutional clients. Since 1993, Triad and its affiliates acquired/developed more than 8.3 million square feet of commercial space in markets such as Atlanta, Dallas, Nashville, Memphis, and Huntsville. Triad’s track record includes more than 20 joint-ventured projects with Trammell Crow Company, as well as real estate transactions with domestic pension fund advisors, REIT’s, institutions and endowment funds.
FirstBank, a wholly owned Subchapter S subsidiary of First South Bancorp, Inc., is the third largest Tennessee-based bank, with 47 banking locations across Tennessee and Huntsville, and mortgage locations across the Southeast. The bank serves every major metropolitan market in Tennessee and, with more than $2.2 billion in total assets, has the resources to provide a comprehensive variety of financial services and products.
FirstBank follows a community-banking model which began in 1906 when the charter was issued for Farmers State Bank, in Scotts Hill, Tenn. As Tennessee’s leading community bank, FirstBank is committed to its role as a leader in the communities it serves. That commitment is reflected by the Ayers Foundation Scholars program, a scholarship fund established by FirstBank Chairman and sole shareholder James W. Ayers to advance higher education for young people in Tennessee.
FirstBank first entered the Alabama market when FBMP acquired Birmingham’s Henger Rast Mortgage Corporation. The $2.3 billion asset bank later opened mortgage offices on Drake Avenue and Merchants Walk in Huntsville and in Birmingham, Decatur and Guntersville.
The Merchants Walk and Drake Avenue offices will consolidate with the new Twickenham Place location.