United Bankers’ Bank (UBB), a Minnesota-based bankers’ bank, is planning to move its headquarters from its longtime home at the Southpoint Office Center to Two Meridian, a two-building campus in Richfield, Minnesota, owned by Piedmont Realty Trust.
Founded in 1975 as the nation’s first bankers’ bank, UBB provides correspondent banking services to over 1,000 community banks throughout the country.
UBB will move into the sixth floor of Two Meridian in December, where the bank will lease 28,000 square feet. With the move, they will be using the opportunity to reimagine their space for collaboration and innovation. Previously, the company leased 41,000 sq. ft. in the Southpoint Office Center, where they have been since 1990.
“UBB was drawn to the extensive amenities, the quality of the renovations, and the opportunity to leverage the new space in support of its culture and continued growth,” said Katie Trevena, senior vice president – Advisory, Forte Real Estate Partners. “This move is a clear example of the ‘flight-to-quality’ trend, where office users seek environments that elevate the employee experience and align with strategic business objectives. Piedmont’s offering now stands as the benchmark for the I-494 suburban office market.”
Trevena and Jim Jetland, principal – Forte Real Estate Partners, represented UBB in the lease negotiations.
Meridian, owned and managed by Piedmont Realty Trust and leased by Steve Shepherd and Matt Elder of Newmark, is a 400,000 sq. ft. campus that completed a significant transformation earlier this year. Those renovations included updating all common spaces to create hospitality-inspired collaboration spaces, an updated on-site café and tenant coffee bar, best-in-class fitness center, including locker rooms, group fitness room, and treadmill workstations, outdoor patio with soft seating, and a large training and conferencing center that includes a board room and pre-function lounge.
