Ivanhoe Cambridge Spends $390M for Wells Fargo Center

SEATTLE-Ivanhoé Cambridge continues to grow its US holdings with the acquisition of a 100% interest in the Wells Fargo Center, a 47-story, class A, office tower. The company’s investment of approximately $390 million brings the firm’s share of leasable class A space in Seattle’s financial district to nearly 8%.

“This acquisition, an excellent investment opportunity brought to our attention through our partner, Callahan Capital Properties, contributes to our strategy aimed at building a national platform of assets comprised of superior-quality office buildings that are well located in the U.S.,” said Daniel Fournier, chairman and CEO of Ivanhoé Cambridge. “We are especially proud to have been able to execute this transaction efficiently within a short timeframe.”