New Mexico Bank & Trust extends lease at 320 Gold
Gemini Rosemont Commercial Real Estate, a leading commercial real estate investment company with more than 14 million square feet of commercial office space in 20 states, has secured a long-term lease renewal with New Mexico Bank & Trust.
New Mexico Bank & Trust will continue to be headquartered in a multiple floor, 23,000-plus square foot space at 320 Gold in downtown Albuquerque. The lease agreement also includes a prominent ground floor bank branch, the drive-thru banking location and building signage.
“New Mexico Bank & Trust has been a long term tenant at 320 Gold, signing their initial lease in 1999,” Joe Farr, senior vice president of asset management for Gemini Rosemont. “Their lease renewal is a vote of confidence not only for the positive relationship we’ve developed with New Mexico Bank & Trust over the years, but their satisfaction in our building management style. We truly appreciate having New Mexico Bank & Trust as one of our tenants at 320 Gold.”
New Mexico Bank & Trust is a community bank with assets of more than $1.1 billion, and 17 offices in Albuquerque, Los Lunas, Rio Rancho, Santa Fe, Los Alamos, Espanola, Tierra Amarilla, Clovis and Portales.
“We are pleased to extend our relationship with Gemini Rosemont Commercial Real Estate and look forward to continuing our long-term partnership,” stated R. Greg Leyendecker, New Mexico Bank & Trust President and CEO.
Jason Lott represented Gemini Rosemont in the transaction. New Mexico Bank & Trust’s lease negotiation was handled by in-house representation.
One of Albuquerque’s most recognizable and high profile office buildings, 320 Gold
is an 87,000 square foot, 14 story building built in 1960, and features midcentury modern architecture. Small floor plates, a bank, a café, storage, showers, locker rooms and covered, secure attached parking are a few of the amenities that attract tenants.
Notable tenants at 320 Gold include EA Engineering, Science and Technology, Inc., Conklin, Woodcock & Ziegler, P.C., and Gemini Rosemont’s regional office, among others.
Gemini Rosemont and its related entities own 17 properties representing 1.6 million square feet in the Albuquerque market.