Several weeks after installing shiny new signs atop its office building in Atlantic Station, Wells Fargo & Co. confirmed it has extended its lease on the tower through 2020.
The move wasn't a huge surprise, as the company put its biggest signs nationwide on the building in October.
The lease at 171 17th Street NW is five years longer than the original term. The building originally had been leased to Wachovia, which Wells Fargo bought.
Wells Fargo will occupy 180,000 square feet, making it the largest office tenant in the building and the Atlantic Station development, according to the bank. About 500 Wells Fargo employees work in the building, or about 10 per cent of the company’s Atlanta area work force.
“This strengthens our commitment to Atlantic Station, to Midtown and to Atlanta,” Chuck Alexander, a senior executive for corporate properties in Atlanta, said in a statement.
“With some 500,000 vehicles passing through the Downtown Connector next to our building every day, there is hardly a better way to introduce our brand to Atlantans and those passing through on I-75 and I-85 every day.”
Wells Fargo was represented in the lease deal by Jones Lang LaSalle, while Atlanta Office Associates, the building owner, was represented by Carter.
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