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BLOOMINGTON, MN-The Bank of America recently restructured its leases at Normandale Lake Office Park, consolidating its operations into one building that has been spread out among three buildings. In doing so, Bank of America cuts its space in half, going from about 70,000 sf to 35,966 sf at the office park located at 8300 Norman Court Dr.

Peter J. Livaditis, principal of Trammell Crow Co., and John Fonke, portfolio manager for the Bank of America account at Trammell Crow, represented Bank of America in negotiations. Tom Tracy of United Properties, a Bloomington, MN-based commercial real estate firm, represented building ownership in the transaction.

“By restructuring its lease to one tower, Bank of America was able to realize significant economic gain while avoiding the disruption of a major relocation of its office space,” Livaditis says.

Trammell Crow is a large diversified commercial real estate services company with 170 offices in the US and Canada.

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