BOSTON—Wells Fargo is consolidating its operations at multiple locations in Boston to 150,000 square feet of space at the 125 High St. complex in the city's Financial District.

The financial services firm signed a 14-year lease at the Tishman Speyer-owned building. Wells Fargo will be undertaking a multi-phased relocation of its 775 employees to the 1.5-million office complex beginning in late 2016, according to company spokesperson Krista Van Tassel. Wells Fargo will shift operations from three Boston office buildings—1 Boston Place, 101 Federal St. and 200 Berkeley St. At 1 Boston Place, Wells Fargo houses its Capital Finance and Community and Investment Team on two floors. The company's Regional Commercial Banking, Commercial Real Estate and Home Mortgage operations are now based at 101 Federal St. Wells Fargo's Private Bank, Wells Fargo Insurance Services and Asset Management divisions are housed at 200 Berkeley St.

Wells Fargo hopes to have all the employees from all three current office locations relocated by 2020. The phased relocation of workers will begin in late 2016 with the move of workers at 101 Federal St. to the 125 High St. property. The lease commences in January 2017 and includes the 11th through 15th floors. William Anderson and William Motley of Cushman & Wakefield represented Wells Fargo in the transaction.

The lease with Wells Fargo is the second major transaction at Tishman Speyer's 125 High St. property this month. On July 8, it was announced that global learning company Houghton Mifflin Harcourt had leased 162,000 square feet at the building in the Financial District. The firm, currently headquartered in the Back Bay at 222 Berkeley St., is scheduled to take occupancy at 125 High St. in early 2017.

At 125 High St., Wells Fargo employees will benefit from direct access to 25 acres of public gardens created by the Big Dig project, as well as nearby highway ramps to access Interstate 93 and the Massachusetts Turnpike. The property is also close to South Station.

“We are pleased that Wells Fargo has chosen 125 High Street for its new corporate offices in downtown Boston,” says Tishman Speyer managing director Samuel Schaefer. “This significant leasing transaction further demonstrates the strength of the Financial District, the desirability of our building and the neighborhood's growing amenity base as the area continues its transformation into a vibrant, 24/7 community.”

The 125 High St. complex recently achieved LEED Gold for Existing Buildings certification under the U.S. Green Building Council's LEED rating system.