Wells Fargo to move securities New York HQ

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Wells Fargo is buying about 500,000 square feet of office space at 30 Hudson Yards and plans to relocate the New York headquarters of its securities unit to the skyscraper, which is under construction on Manhattan’s far west side.

Bloomberg News reports that Wells Fargo Securities intends to occupy nine floors of the tower in 2020, developers Related Cos. and Oxford Properties Group said in a statement Friday.

The bank’s purchase price wasn’t disclosed. The partners also said they closed on more than $5bn of financing.

The deal with Wells Fargo means that 30 Hudson Yards, which will be 1,296 feet (395 metres) tall and have 2.6m square feet of space, is now fully occupied, the partners said. Time Warner and KKR previously agreed to buy offices in the building, which the developers call the flagship office tower for the 28-acre (11-hectare) project that will extend the Midtown business district west toward the Hudson River.

To access the complete Bloomberg News article hit the link below:

Wells Fargo to Move Securities Operations to 30 Hudson Yards

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