National lender KeyBank is trading spaces in downtown Hartford, the Ohio-based lender confirmed to Hartford Business Journal.
The subsidiary of KeyCorp, which entered the Connecticut market in 2016 with its purchase of First Niagara Bank, said it has signed a new 10-year lease to occupy 7,265 square feet of space at Goodwin Square. It plans to move employees there by April 2022.
The company will be vacating about 9,525 square feet of space it occupies at 100 Pearl Street and moving some business banking employees currently located in Manchester to Hartford.
KeyBank spokeswoman Karen Crane said the “new buildout will support our return to office strategy to accommodate a flexible workforce. The space will become a hub for the market by centralizing our Consumer, Middle Market, Business Banking and Private Banking teams currently split between 100 Pearl Street and our office in Manchester into one location and providing new collaborative areas with improved technology for our employees to better serve our clients.”
Crane said the space is being designed to accommodate both dedicated and shared workspaces for mobile employees whose roles don’t require them to be in an office five days a week, or who travel frequently between KeyBank locations. It could host anywhere from 20 to 35 people on any given day, plus will have conference space for larger gatherings, she said.
In October, HBJ reported that law firm Updike, Kelly & Spellacy would also be moving from 100 Pearl Street, which is owned by prolific downtown Hartford landlord Shelbourne Global Solutions, to the 336,336-square-foot Goodwin Square, whose other tenants include Infosys and People’s United Bank.
Hartford HealthCare has become the anchor tenant of 100 Pearl, signing a 100,000-square-foot lease with plans to move 700 to 800 employees there, including its C-suite.
