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News

November 3, 2014

Park Place Tower Renamed Renasant Place

Birmingham Business Journal
Ryan Phillips

A 15-story office downtown building is now under a new name.

Renasant Bank and Allegiance Realty announced on Monday the 278,027-square-foot office building at 2001 Park Place North has become Renasant Place, according to a release from Renasant Bank.

Mike Ross, Renasant's Chief Commercial Officer and Eastern Region President said "We are excited to partner with Chris Smith and Allegiance Realty on this expansion and extension which reaffirms our commitment to the city of Birmingham,"

Renasant has six branches in the Birmingham area, with 125 employees.

"Birmingham is a significant part of our franchise. Several key divisions, which include Mortgage, Technology, Compliance and Community Development, are based in Birmingham," said E. Robinson McGraw, Renasant Chairman and CEO. "In addition to our Birmingham and Alabama operations, senior leadership with responsibility for company-wide Commercial Banking and Credit are housed at Renasant Place."

Allegiance Realty was represented in the transaction by West Harris at Harbert Realty Services and Renasant was represented by Bo Grisham at Brookmont Realty Group.

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