The Real Deal reports Wells Fargo puts 335K sf tower up for sale in SF

From The Real Deal:

Wells Fargo has listed a 13-story office tower in Downtown San Francisco a week after it renewed a major lease.

The price on the 355,000-square-foot building it once occupied at 550 California St. is $160 million,, the San Francisco Business Times reported. The ask comes out to $450 per square foot.

Wells Fargo bought the 62-year-old building in 2005 for $107.9 million, or $324 per square foot. JLL is handling the listing.

The move comes after the company said it would whittle down its local real estate holdings by 7 percent to cut costs.

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