Posted Sep 11, 2010, 7:18 AM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 56,971
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Quote:
Originally Posted by Dac150
He needs to lock down a financial with extensive trading needs; what’s working against him is time that these companies don’t have to waste in looking for new homes. UBS Investment Bank should be on his radar.
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Another problem is, his trading floors were said to be not large enough for those companies looking to move at the time. But the demand is still there. Most of the larger planned office towers have them (15 Penn, Manhattan West, etc.)
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http://www.charlotteobserver.com/2010/09/11/1682971/wells-fargo-evaluating-nyc-space.html
Wells Fargo evaluating NYC space needs
By Rick Rothacker
Sep. 11, 2010
Quote:
Wells Fargo & Co. is evaluating its space needs in the New York City area in anticipation of expiring leases, a bank spokeswoman confirmed Friday.
The San Francisco-based bank expects its space in the nation's financial capital to increase "incrementally over the next few years," Wells spokeswoman Alex Ball said.
The bank, which bought Charlotte's Wachovia in 2008, has put out requests to landlords as it determines its options. No decisions have been made, Ball said.
Wells currently uses 850,000 square feet of office space in New York. In comparison, it will occupy about 5 million square feet in Charlotte, after an office consolidation that began this year.
Before Wachovia's sale to Wells Fargo, the Charlotte bank's corporate and investment banking unit had been expanding its presence in New York, including locating trading floors in the landmark Seagram Building on Park Avenue. That tower later became the site of negotiations to sell the company in 2008.
Bloomberg News reported last month that Charlotte-based Bank of America Corp. is looking for about 1 million square feet of office space in New York and may consider 1 World Trade Center, which is replacing the towers struck in the 2001 terrorist attack.
Bank of America occupies its own tower in Midtown and also inherited space from Merrill Lynch in the World Financial Center complex. The Merrill lease expires in 2013, Bloomberg reported.
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Last edited by NYguy; Sep 11, 2010 at 7:29 AM.
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