Tuesday, Wells Fargo announced it will construct a multi-tower regional corporate office campus in Irving-Las Colinas. The Fortune 41 company is the third-largest bank in the U.S. by assets, with $1.79 trillion as of February. It serves one in three U.S. households and more than 10% of small businesses in the country. The project consists of two 10-story, 400,000 SF Class A office towers. The overall development is expected to cost $436MM, exclusive of the purchase price for the property and TIF funded improvements.
You can read the announcement from Governor Greg Abbott here.
The commitment by this global company to create new jobs, make capital investments while contributing to the Irving-Las Colinas economy is why Irving-Las Colinas continues to retain its title as the Headquarters of Headquarters in Texas. We look forward to integrating Wells Fargo and its workforce into our community.
“Texas has a long history of leadership in financial services, attracting major operations for the world’s largest financial services companies, as well as the most innovative startups in the field,” said Governor Abbott. “Already home to the largest workforce in the financial services sector, and as the new frontier for financial technology, data centers, and more, Texas offers opportunities for Fortune 500 operations to grow, and I thank Wells Fargo for their continuing investment in the great state of Texas and the best workforce in America.”
“Currently, most of our 3,000 employees are located in several offices across the Metroplex,” said Tanya Sanders, Wells Fargo Head of Auto. “We are thrilled to have a new state-of-the-art campus where we can bring the majority of our local workforce together for an even better employee experience, which prioritizes wellness and sustainability. We are also very appreciative of the collaboration and enthusiastic response from the City of Irving and State of Texas.”
“The City of Irving is proud to welcome Wells Fargo home to our community,” said Irving Mayor Rick Stopfer. “This highly regarded corporation will be a remarkable addition to our thriving business industry. With diverse lifestyle amenities just steps from the new campus, access to a deep pool of highly qualified talent, and a business-friendly environment, we are certain Irving-Las Colinas will prove to be a successful combination for Wells Fargo.”
“Wells Fargo’s decision in choosing Irving-Las Colinas for its corporate office marks one of the largest real estate deals in our community in the last two decades,” said Beth A. Bowman, President and CEO of the Greater Irving-Las Colinas Chamber of Commerce and the Irving Economic Development Partnership. “We look forward to integrating their team into Irving-Las Colinas and building a strong partnership that will benefit both the company and the community in the future.”
It is because of the efforts of all these individuals and their teams that Irving-Las Colinas continues to shine as the Headquarters of Headquarters.