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Wells Fargo Hunts for Big New Parcel

PHOENIX-Financial-services giant, currently one of the state's biggest tenants, looks for land to build a 1-million-sf office campus of its own.

By D.J. Burrough | Updated on September 13, 2000

PHOENIX-Well Fargo Bank is looking for a 60-acre site to build an office campus that could have as much as 1 million sf.

The San Francisco-based financial services company is also one of Phoenix’s largest employers and private-sector tenants. It already plans to build at least two office buildings with 250,000 sf each within the next two years, says Leo Bauman, vice president of corporate properties for Wells Fargo.

The new campus would house some of the 8,700 employees that are now spread in buildings throughout the Valley. The bank, which merged with First Interstate Bank and then Norwest two years ago, has loan processing and customer service sites in several locations, most in leased space.

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