ROANOKE TIMES

                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: WEDNESDAY, August 17, 1994                   TAG: 9408230055
SECTION: BUSINESS                    PAGE: B-8   EDITION: METRO 
SOURCE: By MAG POFF STAFF WRITER
DATELINE:                                 LENGTH: Short


ROANOKE BUILDING SOLD

NationsBank Corp. confirmed Tuesday that it has purchased the First Campbell Square building in downtown Roanoke for $5.5 million.

Helen Ryan, vice president and spokeswoman for NationsBank in Richmond, said the company "is not ready to say" what use it plans to make of the building.

First Campbell Square, at 34 Campbell Ave. S.W. and First Street, once housed the Miller & Rhoads department store and later was remodeled into an office building.

Edwin C. Hall said his real estate firm, Hall Associates Inc., has been retained to manage and lease the property. He said he had not been told what NationsBank will do with the building.

Hall managed the building for the former owner, CBS Partnership.

Matthew Kennell, executive director of Downtown Roanoke Inc., had not heard of the purchase by NationsBank. He said he had no information about the bank's plans but that he had heard the bank has outgrown its building and needs more space.

NationsBank's Western region headquarters and downtown branch are at the southeast corner of Jefferson Street and Kirk Avenue.

Much of the first-floor space of First Campbell Square was vacated several months ago by the move of the J.C. Bradford & Co. brokerage house to a new office in the Colonial Arms building.

Hall said much of the upper-floor space will be vacant early next year when the headquarters of Grand Piano Furniture Co. moves to Grand Pavilion mall in Roanoke County.



 by CNB