EVANSVILLE, IN (WFIE) - The Fifth Third Center in downtown Evansville has a new owner.
Riverview Investments, LLC announced Thursday it purchased the multi-story office buildings and parking structure at 20 NW Third Street.
The bank will remain a long-term tenant and the building will continue to be known as Fifth Third Center.
"Fifth Third's dedication to the Evansville community is defined by our belief and commitment to making Evansville and the Tri-State a better place to live, work and play," said City President of Fifth Third Bank, Court Kull. "It was important for us to find a developer that saw the potential to strengthen this community centerpiece and continue the economic growth of downtown."
Riverview Investments plans to renovate the lobby and other common areas, as well as working to offer improved amenities for tenants. The company is also considering expanding the tenant lounge, adding multiple shared conference and training rooms, and securing retail and restaurant tenants on the ground floor.
"We are dedicated to the long-term vitality of downtown Evansville, and excited to partner with Fifth Third on this transaction," said Managing Member for Riverview Investments, Jarrod Luigs. "This building is the center of our city, and we couldn't be happier to be a part of re-building the downtown core. We believe that with the building improvements, the updated amenities, the more than ample attached covered parking, and the ability to offer turnkey office space sets the building apart and provides a significant opportunity for tenants seeking class A space in the downtown market."
In addition to the renovations, Fifth Third plans to make a significant investment in a transformation of the space including a complete renovation of the first-floor financial center, as well as designing workplaces that provide a variety of choice and flexibility for associates and clients.
The spaces will be designed with formal and informal collaborative team areas that include soft seating chairs and couches, presentation zones, huddle and focus rooms, as well as traditional offices.
"We're on a journey to create environments that inspire employees and enrich customer experiences," said Fifth Third Regional President, Kevin Hipskind. "People want the option to choose the workspace those best suits their need based on their schedule."
Fifth Third will also incorporate elements that support well-being and social responsibility such as sit-stand and treadmill desks where employees can be active during the day, recycling options and facilities to support new mothers.