|
|
Citizens Bank Leases 50,000 sf Office Space at Legacy Place
Press Release - Nov 10, 2009
(November 10, 2009; Chestnut Hill, MA)--WS Development announced that Citizens Bank has signed leases to occupy approximately 50,000 square feet of office and retail space at Legacy Place, the new 675,000 square foot shopping and entertainment destination located in Dedham, MA. Legacy Place will serve as a hub for Citizens’ Consumer & Business Banking, Consumer Finance and Marketing departments, with personnel relocating from Citizens’ operations in Norwood and Westwood, Mass. Citizens will also become the official financial services and banking sponsor at Legacy Place, and will open a 3,000 square foot banking branch and multiple ATMs on site.
“Legacy Place offers excellent office space at a location that is convenient for our colleagues and with amenities that will provide a wonderful work-life balance,” said Neil Grassie, Head of Property for Citizens Financial Group and RBS Americas. “We are excited to move into the new space, which, with its efficient open plan environment, will enhance collaboration and communication among the departments that will be operating there.”
“We’re extremely proud to welcome Citizens Bank to Legacy Place,” said Tom DeSimone, Partner, WS Development. “Given the magnitude of the Citizens commitment, yet another powerful anchor joins the center.”
In the transaction, WS Development was represented by Colliers Meredith & Grew. Citizens Bank was represented by Richards Barry Joyce & Partners.
ABOUT CITIZENS FINANCIAL GROUP, INC.
Citizens Financial Group, Inc. is a $153 billion commercial bank holding company. It is headquartered in Providence, R.I., and, through its subsidiaries, has 1,480 branches, approximately 3,600 ATMs and approximately 23,000 employees. Its two bank subsidiaries are RBS Citizens, N.A. and Citizens Bank of Pennsylvania. They operate a 12-state branch network under the Citizens Bank brand in Connecticut, Delaware, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island and Vermont, and the Charter One brand in Illinois, Michigan and Ohio. CFG has non-branch retail and commercial offices in about 40 states. It is one of the 10 largest commercial banking companies in the United States ranked by assets as of March 30, 2009. CFG is owned by RBS (The Royal Bank of Scotland Group plc).
ABOUT LEGACY PLACE
Offering an unrivaled shopping, dining, and entertainment experience, Legacy Place is the spectacular new 675,000 square foot development located at the intersection of Route 1 and Route 128 in Dedham, MA. Anchored by Whole Foods Market, L.L.Bean, Showcase Cinema de Lux, Borders, and Kings, Legacy Place is a joint venture of WS Development and National Amusements. For more information, visit www.legacyplace.com
ABOUT WS DEVELOPMENT
Owners and operators of Legacy Place, WS Development is one of the largest privately owned retail development firms in the United States. Since 1981, WS Development has been a leader in the acquisition, development, management and redevelopment of retail and mixed-use properties. Based in Chestnut Hill, MA, its diverse portfolio consists of more than 80 properties, totaling over 16 million square feet of retail space. For more information, visit www.wsdevelopment.com
|
|
News Archive >
|
|
| | |
