BankPlus to expand operations in Jackson MS area. See where

Ross Reily, Mississippi Clarion Ledger
Updated ·2 min read

BankPlus has recently acquired the 14-acre office complex Paragon Centre’ in Ridgeland.

The Highland Colony Parkway location consists of three Class A office buildings encompassing approximately 150,000 square feet. The property will house bank and mortgage operations along with other support areas and will provide room for growth that is expected to support the bank’s strategic expansion initiatives for years to come, according to a statement from BankPlus.

"We enjoyed representing the seller in this transaction and look forward to seeing BankPlus transform this 150,000 square foot office project into their operations hub," B.B. Mitchell, vice president at Pinpoint Commercial Real Estate, told the Clarion Ledger. "This is more proof that Ridgeland's office market continues to flourish."

Mitchell and Sam Cox with Pinpoint represented the seller in the transaction.

In addition to bringing together the operational areas of the bank, the offices will feature a conference center with configurable, multipurpose training facilities. These training areas will include break-out rooms and other collaborative spaces that can be used by a variety of personnel.

BankPlus has recently acquired the 14-acre office complex Paragon Centre’ in Ridgeland, which consists of three Class A office buildings encompassing approximately 150,000 square feet.
BankPlus has recently acquired the 14-acre office complex Paragon Centre’ in Ridgeland, which consists of three Class A office buildings encompassing approximately 150,000 square feet.

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BankPlus, which operates more than 80 financial centers throughout Mississippi, Alabama, Louisiana, and Florida, has also acquired an adjacent parcel of approximately three acres to provide for additional parking. The bank was founded and is based in Mississippi.

We are excited to have purchased an outstanding property that is well-located," BankPlus President and Chief Executive Officer Jack Webb said. "It will allow BankPlus to house our support teams in a central location near our corporate headquarters, with enough space to meet our needs far into the future as a growing regional bank.”

Renovations are expected to be completed in stages with the first phase targeted for completion in early 2025. Paragon Centre’ was developed by Mark S. Jordan and constructed by Fountain Construction Company, Inc. between 1998 and 2006.

BankPlus has recently acquired the 14-acre office complex Paragon Centre’ in Ridgeland, which consists of three Class A office buildings encompassing approximately 150,000 square feet.
BankPlus has recently acquired the 14-acre office complex Paragon Centre’ in Ridgeland, which consists of three Class A office buildings encompassing approximately 150,000 square feet.

Paragon Centre’ currently leases office space to several thriving businesses. As part of the purchase, BankPlus has said it will honor existing leases and will collaborate with tenants on the bank’s plans for the development.

Ross Reily can be reached by email at rreily@gannett.com or 601-573-2952. You can follow him on the X platform, formerly known as Twitter @GreenOkra1.

This article originally appeared on Mississippi Clarion Ledger: BankPlus expands operations, makes move in Ridgeland MS