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Wells Fargo Takes Part of Morton's Ex-Suite

CHICAGO-According to a letter from Triple Net to its investors, Wells Fargo is relocating to 10,262 sf on the 24th floor.

By Dana Dubriwny | Updated on August 31, 2006

(To read more on the net lease market, click here.)

CHICAGO-Wells Fargo & Co. has signed a lease renewal, expansion and partial relocation within its current location at 123 N. Wacker Dr. At 540,676 sf, the building owned by Triple Net Properties LLC is 97.5% leased.

The financial services firm intends to exchange 2,975 sf it leases on the 20th floor for 10,262 sf on the 24th floor, which has been occupied by Morton International. Effective Friday, Morton will vacate the space. Wells Fargo has been a tenant in the building since March 2002, is the fourth largest tenant at 123 N. Wacker. Currently, the company leases 36,553 sf with an expiration of September 2013.

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