The largest building was the 205,000-sf Wells Fargo building at1500 Broadway in Downtown Lubbock. The 15-story building, built in1968, is a landmark in Lubbock, which has a population of more than200,000 people. The smallest bank building to be purchased was a6,000-sf bank building in Runge. Also included in the sale werebuildings in Robstown, Rosenberg, Alice, Kingsville, Fairfield,Gonzales, Navasota, Edna, New Braunfels and other small towns insouth Texas.
In many of these towns, the Cummings-Baccus bank building is thelargest office structure in the entire community. The bank electedto sell the buildings after deciding to lease them rather than ownthem. Cummings-Baccus is an Austin-based realty firm with holdingsthroughout Texas. The firm typically invests in office, retail,industrial and raw land properties.
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