Brokers Steve Marcussen and Norm Mitchell of Cushman & Wakefield, who represented Wells Fargo in the deal, explain that the Garland Building was constructed in 1984 at a cost of $350 million to withstand an 8.3 earthquake. They said the building originally was designed by First Interstate Bank to house what was then the third largest data center in the United States.
Wells Fargo took over the 12-story building in 1999 as part of its acquisition of First Interstate Bank. Wells Fargo markets the building as a secure place for companies concerned about keeping their businesses running in the event of an earthquake or other disaster. The 720,000-sf building is now 100% leased to tenants including Bank of America, Aetna U.S. HealthCare, Regulus, Alchemy Communications, Telecom New Zealand, Clear Blue Technology, Data Connect, Focal Communications and Epoch Network.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
