Wells Fargo Leases 50K SF Office Space From Related Ross In West Palm Beach For New Headquarters
180 Lakeview Avenue
Building Size
50,000 SF
Asset Type
Office
Closing
Jan 20, 2026
AI
The property asset involved in the transaction is an office space situated at 180 Lakeview Avenue in West Palm Beach. It encompasses a total square footage of 50,000. The property is part of a 25-story building known as One Flagler, which has attained 100% occupancy following this lease agreement.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 180 Lakeview Avenue
- Market: West Palm Beach
- Landlord: Stephen Ross - Related Ross
- Tenant: Charles W. Scharf - Wells Fargo
- Lease Size: 50,000 SF
- Completion Date: 01/20/2026
Charles W. Scharf, representing Wells Fargo, has signed the lease for the new headquarters of its wealth-management business. The relocation involves moving approximately 100 employees by the end of 2026, demonstrating a long-term commitment to growth in South Florida. The agreement reflects Wells Fargo's plans for further hiring and potential expansion in the region.
Players
West Palm Beach Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93