The Real Deal reports JLL lists 49% equity share in Wells Fargo’s SF HQ for sale

From The Real Deal:

Rumors about a potential sale of an equity stake in Wells Fargo’s San Francisco headquarters arose last month, and TRD can now confirm those rumors are true: JLL has listed a 49 percent share in 333 Market Street for an undisclosed price.

JLL did not immediately reply to a request for comment on the sale, but the investment summary for the listing shows that Columbia Property Trust has exclusively engaged the brokerage to sell almost all of its 55 percent stake in the building. Allianz Real Estate of America, the other owner of the building, does not appear to be selling its interest.

Since 2018, Wells Fargo has occupied the entire 620,000-square-foot property, which has a 33-story tower and a five-story annex, and signed the biggest renewal of the pandemic when it committed to stay in the Financial District building until April 2033. It is keeping its footprint at 333 Market while giving up more than 140,000 square feet it has occupied at 45 Fremont Street since 2003. It also planned to sell a 13-story office building it owns and occupies at 550 California Street this summer, but pulled it off the market a few months later when it didn’t get offers close to the $160 million asking price.

“We are committed to our San Francisco-based employees,” the bank said in a statement when it renewed the 333 Market lease in June. “We will continue to have a major employee presence in San Francisco, but we have more real estate than we need to support these employees. San Francisco remains the location of our company’s headquarters.”

Continue reading JLL lists 49% equity share in Wells Fargo’s SF HQ for sale on The Real Deal

Do you have a complaint about Wells Fargo, such as locked accounts or overcharges? Please tell us your issue and we’ll reach out if and when we can help.

Read More:

FairShake is aggregating links to consumer news stories across the web. We claim no rights to the snippets featured.

Latest news

Top DISH Network story from Forbes: DISH Network And Walt Disney Company Do A Rare ‘Handshake’ Carriage Agreement For Cable Networks

From Forbes: In a rarity in the cable network industry, after the Walt DisneyDIS Company pulled down its networks...

Take action against PayPal: PayPal’s ‘once beloved story’ is ‘back in vogue’ despite some noise

From MarketWatch: The stock fared better later in the month after Inc. AMZN, -5.04% announced that it was finally...

Earn a big cash back bonus with Chase Ink Business Cash and Unlimited cards, Warns USA TODAY

From USA TODAY: — Our editors review and recommend products to help you buy the stuff you need. If you...

Hold Wells Fargo responsible: Wells Fargo in Talks With CFPB to Settle Variety of Inquiries

From Bloomberg Law: Wells Fargo & Co., which set aside $2 billion last quarter to deal with legal matters, said...

Wells Fargo Names Fercho Head of Diverse Segments, Representation, Inclusion, says MarketWatch

From MarketWatch: Wells Fargo launched the DSRI function in 2020 to coordinate the bank's diversity, equity and inclusion efforts across...

Take action against AT&T: DirecTV Impersonators Are Scamming Customers, New Lawsuits Say

From Bloomberg Law: AT&T Inc.-owned DirecTV LLC is suing two US companies for allegedly posing as the satellite-TV provider to...

You might also likeRELATED
Recommended to you