One Bank of America Plaza

One City Plaza, formerly called One Bank of America Plaza, is a 17-story skyscraper located at 421 Fayetteville Street in Raleigh, North Carolina with 367225 sqft.

History
One Hannover Square and Two Hannover Square were completed in 1985.

Lennar Partners of Miami, Florida bought the building and its 554-space parking garage for $44.8 million in 2000.

One Hannover Plaza changed its name to One Bank of America Plaza in 2005 after Bank of America renewed its lease. Progress Energy had 155000 sqft but was moving into a new building of its own. Other major tenants included Absolute Collection Services with66500 sqft, the City of Raleigh with 38000 sqft, and the law firm Hunton & Williams.

In July 2005, The Simpson Organization of Atlanta, Georgia bought the building for $47.1 million. At the time, it had an occupancy rate of 80 percent. When the company listed the property for sale in 2010, it was 95 percent full. Simpson made improvements including a lobby redesign, a new fitness facility, additional conference space, and renovated retail space.