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Bank of America slashes space at namesake building, plans to close banking center
06/25/2014 5:53 PM
06/25/2014 5:53 PM
WICHITA — Bank of America Center's namesake tenant is significantly reducing its size at the building at Douglas and Broadway.
"That's just one of the many they're downsizing," says Chris Ruffin, director of real estate for his father's Ruffin Properties.
"It's kind of sad since they've been such a longtime tenant. They're a great tenant."
The North Carolina-based bank has been cutting costs and eliminating thousands of jobs over the past few years.
Currently, Bank of America has 50,000 square feet at its downtown Wichita headquarters.
"They're cutting down to about 12,000 square feet and giving ... us back the second floor," says Phil Ruffin, who owns the building. "That's how far we've gotten so far."
The bank's lease expires Dec. 31.
No one with the bank could immediately be reached for comment.
"It's beautiful space," Phil Ruffin says. "There's no space like it in Wichita, I can tell you that."
About Carrie Rengers
Carrie Rengers joined The Eagle's Business team in 2002 despite her inability to even balance a checkbook. Fortunately for her, and readers, her Have You Heard? blog is about business scoops and contains lots of news but almost no math.
A Michigan native, Carrie’s father was quite tragically transferred to Little Rock, Ark., in the middle of her sophomore year of high school. To make matters worse, her parents put her in a girls school. She recovered, though, and went on to enjoy being an English major at Hendrix College (the Harvard of the Ozarks, don’t you know). She worked for the weekly Arkansas Business and the statewide daily Arkansas Democrat-Gazette before moving to Wichita to be with her favorite writer and cook, husband Joe Stumpe.
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