A spokesperson said the company is committed to San Francisco and its San Francisco employees.
The banking giant’s 13-story building at 550 California Street is listed for $160 million. It's part of an ongoing effort to reduce the company’sfootprint: The news comes just a few months after it was announced Wells Fargo will end its lease at 45 Fremont Street.
While the company will lose about 355,000 square feet and 146,500 square feet, respectively, from giving up those properties, Wells Fargo made headlines just last week when it renewed its lease at 333 Market St. The financial district lease was the largest lease agreement in San Francisco since the start of the pandemic. The more than 620,000-square-foot space will house many of the employees from its former offices.
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