Wells Fargo to Move Securities Operations to 30 Hudson Yards

Wells Fargo & Co. is buying about 500,000 square feet (46,500 square meters) 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.

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 $5 billion of financing.

The deal with Wells Fargo means that 30 Hudson Yards, which will be 1,296 feet (395 meters) tall and have 2.6 million square feet of space, is now fully occupied, the partners said. Time Warner Inc. and KKR & Co. 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.

Source: Bloomberg

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