Former headquarters was built in 1929; Reynolds moved its offices to nearby Plaza Building
Jump to full article: Winston-Salem (NC) Journal, 2009-11-23
Author: Richard Craver * Journal Reporter
Intro: Reynolds American Inc. has officially launched the biggest recycling project in its history.
The company has put its historic former headquarters on the market, hiring Commercial Realty Advisors of Winston-Salem as the broker.
The 22-story building has been the headquarters of R.J. Reynolds Tobacco Co. since it debuted as an innovative architectural and engineering masterpiece in April 1929. The building also served as the home for various commercial and retail businesses from its opening until the early 1980s.
In October 2008, Reynolds said it planned to consolidate its downtown employees, both Reynolds American Inc. and the subsidiary, into the neighboring Plaza Building by early 2010. That goal recently was accomplished.
The decision to vacate the building came shortly after Reynolds said it was eliminating 570 jobs, mostly white collar, as part of a continuing effort of trying to balance consumer demand for its products with company size.
The Reynolds Building is valued at $12.3 million, according to Forsyth County tax records. . . .
The building, which at the time was the tallest south of Baltimore, won a national architectural award. A gigantic version of it would rise from the sidewalks of Manhattan as the Empire State Building, another Shreve & Lamb design.
Jump to full article » |