The SunTrust office building is now home to the bank’s main branch offices, Jacobs Defense Contracting and the U.S. Secret Service.
ALBANY ALBANY — Sources familiar with discussions between the city of Albany, the Albany Water, Gas & Light Commission and the owners of the SunTrust Bank building on West Broad Avenue say the city is currently negotiating for the property in a move that would allow WG&L to relocate its offices.
410 West Broad Avenue, Albany, GA
Two independent sources, both of whom spoke on condition of anonymity because they weren’t authorized to comment on pending real estate transactions, said Thursday that the city is in talks with the owner of the building to purchase the property.
The Albany City Commission went into a closed-door session with WG&L General Manager Lemuel Edwards, the utility’s finance director, John Vansant III, and WG&L attorney Sam Engram for nearly an hour Wednesday night to discuss a potential real estate acquisition.
The Simpson Organization — an Atlanta-based real estate investment banking firm — manages SunTrust Bank properties throughout the Southeast and lists the property at 410 W. Broad Ave. on its website as having office space for lease.
The building now houses offices of Albany’s main SunTrust Bank branch and is the field office for the U.S. Secret Service.
The Simpson Organization’s website says that the building was built in 1977 and renovated in 1987, and it has more than 6,900 square feet of space available for lease.
WG&L is celebrating its centennial this year and helped make Albany the capital of Southwest Georgia through early advances in electrical and sewer technology.