What to Know
- Wells Fargo & Co. is relocating from its South Broad Street location.
- The bank has signed a long-term lease on four floors totaling 84,588 square feet at Two Logan Square.
- A branch and the Wells Fargo History Museum will remain at 123 S. Broad St.
Wells Fargo & Co. — after spending at least two decades on South Broad Street and for many years as one of Philadelphia’s biggest tenants — is relocating to a new building and neighborhood.
The bank, which has shed office space in recent years, has signed a long-term lease on four floors totaling 84,588 square feet at Two Logan Square. The space at Two Logan is being vacated by Comcast Corp., which is moving into its newly constructed Comcast Technology Center. The relocation of its offices will mean the bank will diminish its presence on South Broad Street.
Two Logan is a 35-story office building at 100 N. 18th St. owned by Brandywine Realty Trust. When asked, Wells Fargo did not elaborate on why it selected the building to consolidate its Center City offices.
“Philadelphia is a key market for us and we are excited to be moving team members to Two Logan Square in September 2020,” said Crystal Dundas, a Wells Fargo spokeswoman, said in a statement. “When completed, this will bring approximately 400 employees currently working at 123 S. Broad St., One South Broad Street and 1500 Market St. together into one central hub.”
A branch and the Wells Fargo History Museum will remain at 123 S. Broad St., Dundas said.
Comcast is the parent company of NBC10.
For more on Wells Fargo's office move, click here.
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