Jason Warner and Nick Warner, also of CBRE's Downtown office, represented Charter Holdings, which is a subsidiary of Wells Fargo, in the Bank of America transaction. They are also now the listing agents for the nine-story building.

The Garland Center was built in 1983 by First Interstate Bank for about $350 million and originally housed the third largest data center in the country, processing millions of dollars of checks each day and controlling the bank ATM network for 13 Western states. First Interstate Bank was acquired by Wells Fargo in 1996, and in 1989 Charter took over the building as master tenant.

Jason Warner says that, along with its plans for $30 million in improvements, Charter Holdings plans to extend its master lease in the building in the wake of the Bank of America lease. The bank will occupy its 83,000 sf in the lower levels of the building, which features two stories of data center space below grade in addition to the nine stories of office space above grade.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.