CHEVY CHASE, MARYLAND – First Citizens Bank, a regional bank headquartered in Raleigh, recently signed a lease for a branch office in The Regent, a 12-story, mixed-use building located at 950 North Glebe Road in Arlington, VA. The 3,500 square-foot branch, which currently is being built out and scheduled to open during the first quarter of 2009, will be the first for the institution inside the Beltway.  Shopping center leasing, management, and development company JBG Rosenfeld Retail (JBGR) finalized the deal. 

 

First Citizens Bank is the first tenant to take up residence in a portion of the 14,000 square feet of retail space on the ground floor of The Regent.  The Class A office building also boasts a 7,300 square-foot parcel suitable for a restaurant with outdoor seating, as well as up to 4,400 square feet of divisible retail space. 

 

“The Regent is unmatched in terms of location,” said JBGR Executive Vice President Bob Schwenger, “making this an ideal setting for First Citizens Bank.  The Ballston corridor offers an excellent mix of business and residential, enabling First Citizens to capitalize on customers who live in the area, work in the area, or do both.  We are confident they will find success there.”

 

Established in 1898, First Citizens Bank is one of the largest family-controlled banks in the United States offering a complete line of financial services, including personal banking, business banking, trust and insurance services. Its parent company, First Citizens Bancshares, Inc., is publicly traded on NASDAQ under the symbol FCNCA. As of October 30, the company had $16.7 billion in assets, 401 offices, and nearly 5,000 employees.  Currently, there are three First Citizens Bank branches in the metropolitan Washington area, including Vienna, Leesburg, and Annapolis.

 

 

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