TD Bank is preparing to move its local corporate offices from Winter Park to downtown Orlando, lining up space and branding rights on a prominent 15-story tower south of Lake Eola.
The company filed new sign applications with the City of Orlando to apply its green and white logo atop Highwoods Properties' Capital Plaza Two building south of Lake Eola, at 301 E. Pine St.
TD Bank will back-fill much of the space at Capital Plaza Two that was formerly occupied by Tampa-based American Momentum Bank, which moved in late 2017 to the Seaside Plaza building. American Momentum previously branded the building as well.
Approximately 11,000 square feet is under contract by TD Bank for lease at Capital Plaza Two, office market brokerage sources told GrowthSpotter.
Catherine Reeves, Highwoods' leasing agent for the building, declined to comment on Tuesday, and officials with TD Bank did not respond to requests for comment.
The move would be a downsizing for TD Bank from its current corporate office space in Winter Park. It anchors the eight-story TD Bank Building at the gateway intersection of Orange and S. Orlando avenues, one of the few Class A multi-tenant office buildings in Winter Park city limits.
TD Bank will be vacating at the end of October, said Solomon Attaway, associate withDemetree Real Estate Services who serves as leasing agent for the building.
TD has been leasing 19,813 square feet in that building, comprised of 6,913 square feet on the ground floor where it formerly offered branch services, and the entire third floor (12,900 SF) where its regional corporate office is based.
That corporate office was attended on Tuesday by a lone receptionist, who affirmed that staff have been told of a pending move.
That Winter Park building's TD Bank space and current vacancies of 3,245 and 5,275 square feet will be available this fall, along with branding rights on top of the building.
Other local banks have reduced their office space needs in recent years. In early 2017, Wells Fargo vacated more than 23,000 square feet of branch and office space at 20 N. Orange Ave. to open a smaller branch up the street, and transfer wealth management and operations staff to its other downtown office at 800 N. Magnolia Ave.
GrowthSpotterfirst reported in mid-April that SunTrust Bank was in negotiations to lease approximately 100,000 square feet in the new Church Street Plaza tower now under construction, downsizing from its current lease commitment in the SunTrust Center building.