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Wells Fargo Buys 67 Acres for $75M Campus

CHANDLER, AZ-The bank pays more than $8 million to two landowners for the northwest corner of Queen Creek and Price roads in Chandler. By May, ground will break on 550,00-sf first phase to a planned 1.2-million-sf corporate campus.

By Beverly Ford | Updated on March 26, 2003

CHANDLER, AZ-A former dairy farm will become the site of a $75-million Wells Fargo Bank corporate campus when building begins on the 67 acres within the next two months.

Located on the northwest corner of Queen Creek and Price roads, the land was purchased by Wells Fargo from the DRA Family LLC and Richard and Deanna Anglin, all of Chandler, in two separate transactions totaling more than $8 million. Wells Fargo paid $7.8 million for a 62.6-acre parcel owned by the DRA Family LLC and $640,000 for 4.4 acres owned by the Anglins.

The company is expected to begin construction on a 550,000-sf, two-building first phase by May, with completion slated to wrap up early next year. That first phase will consist of a four-story, 219,000-sf office building along with a three-story structure with 181,000 sf. Designed by the DLR Group, it will be built by the Weitz Co. The campus eventually will include 1.2 million sf of office space for 6,500 employees.

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