Skanska Announces Naming Rights Agreement with Bank of America for its Capitol Tower Office Development in Houston

Press release 6/22/2017 12:00 AM EST

In a “skybreaking” event to celebrate the commencement of vertical construction on Capitol Tower, Skanska announced today that anchor tenant Bank of America has secured naming rights of the 35-story Class-A office development in Downtown Houston. Bank of America will announce the new name of the office tower upon completion in 2019.

Bob Eury, Hong Ogle, and Matt Damborsky at the Capitol Tower Skybreaking.

“We are thrilled to have a global firm like Bank of America as our lead tenant in this transformational project that looks to the future of downtown office space,” said Matt Damborsky, executive vice president for Skanska USA Commercial Development in Houston. “This sustainable tower features a variety of unique, state-of-the-art offerings, including one-of-a-kind retail and restaurant space that will provide tenants a fresh and compelling experience in the city’s burgeoning Central Business District.”

In April, Skanska announced that Bank of America signed a lease for a total of 210,000 square feet, spanning six-and-a-half floors of the sustainable office tower. As part of the lease agreement, Bank of America will occupy 205,000 square feet of office space and 5,000 square feet of retail space.

Located at 800 Capitol St., the development includes 754,000 square feet of office space and an expansive, two-level, open-air atrium that boasts more than 26,000 square feet of dynamic, destination retail space.

“This distinctive atrium will connect the tower’s street level to the active pedestrian tunnel system to create a dramatic light-filled gathering place that appeals to tenants and Houstonians frequenting downtown,” Damborsky said.

The project is also the first and only Houston development to reach LEED v4 Platinum precertification from the U.S. Green Building Council (USGBC), and was one of only four core and shell projects nationally to be pre-certified under the standard. the building will consume 25 percent less energy than typical facilities.

Skanska has also developed the LEED Platinum West Memorial Place campus in the heart of the Energy Corridor, which offers direct access to the Terry Hershey Park hike and bike trails. Currently under development is Spring Crossing, a 3-phase, Class-A development with 850,000 square feet of office space near the Woodlands, providing an excellent alternative for tenants seeking an address in the emerging North Houston submarket.

Skanska has built and restored local landmarks in Houston for decades, from historic renovations, like San Jacinto Memorial Building on the Houston Community College campus, to the new construction of world-class sports facilities, including NRG Stadium, and invaluable healthcare resources like the expansion of LBJ General Hospital’s emergency department.