Wells Fargo Renews 530 Fifth Office Space

NEW YORK CITY-Wells Fargo Bank has renewed its 34,128 square-foot lease for office space at 530 Fifth Ave. Lease terms were not disclosed.

In a release, Daniel Gohari, VP and director of commercial assets for the the Moinian Group, which owns 530 Fifth, calls Wells Fargo “a tremendous tenant and we value our ongoing association with this prestigious institution.” In October, the San Francisco-based bank announced it would acquire Wachovia Corp., based in Charlotte, NC.

Dale F. Schlather of Cushman & Wakefield represented the tenant and Howard Kessler of Newmark Knight Frank represented the Moinian Group in this transaction. Built in 1956, the 26-story 530 Fifth was formerly known as the Bank of New York Building.