Bank Midwest renews lease in Downtown office tower

Bank Midwest will remain in its corporate offices and banking center in Downtown’s largest multitenant office building.

The bank, a division of NBH Bank, of Greenwood Village, Colorado, renewed its lease in Town Pavilion at 1111 Main St. Its lease spans more than 56,000 square feet across the tower’s first, third, 27th and 28th floors.

Building owner Copaken Brooks described Bank Midwest’s extension as a “long-term commitment,” but it declined to provide a specific renewal term.

With the renewed lease, Bank Midwest plans renovations, including new collaboration areas, flex working space, break rooms with downtown views and enhanced amenities.

Also planned is a remodel for Bank Midwest’s first-floor banking center. Those upgrades will complement Copaken Brooks’ own $5 million refresh of Town Pavilion, which included a new concierge center, retail storefront improvements and art-driven video walls in its lobby.

“We’re looking forward to continuing to build relationships in the heart of Kansas City’s business community, as we have since we joined Town Pavilion in 2010,” Bank Midwest President Nicole Van Denabeele said in a Thursday release.

“Our office renovation will assist us in creating a more flexible work environment that supports our associates’ desire for a healthy balance of in-office collaboration and remote work. Our continued partnership with Town Pavilion will provide a beautiful, renewed aesthetic for our Kansas City headquarters as well as our first-floor banking center where we directly serve our clients, helping them achieve their financial goals.”

Ryan Biery, senior vice president with Copaken Brooks, represented Town Pavilion in the transaction, while Tom Volini, executive vice president with Colliers International, represented Bank Midwest.

“We’re excited to continue working with Bank Midwest, who is a loyal tenant of Town Pavilion and an institution passionate about Kansas City,” Copaken Brooks Principal Jon Copaken said in the release. “Over the years, Bank Midwest has consistently demonstrated its commitment to strengthening the downtown business community, and we look forward to continuing to add value to downtown Kansas City through our partnership at Town Pavilion.”

NBH Bank was created in 2010 after it acquired and merged Hillcrest Bank with the traditional banking assets of Bank Midwest. Still an active bank acquirer, NBH has reported a 0.24% problem-loan ratio, $746.1 million in equity capital and a 9.09% core-capital ratio.

This story is from the Kansas City Business Journal.