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Wells Fargo Center

A Track Record of Success: Acquisition Case Study
0,334
SQ. FT.
$0.8 M
($115 PSF)
0
Acquisition Date

Capital Improvement projects include

Lobby Renovation, Fitness Center, Café, and Conference Center

–

78%

Occupancy at acquisition

–

90%

Occupancy at disposition

Sold for

$120M

($304 PSF) in Aug 2022

19% project level levered IRR and

1.6x

Equity multiple over 3.6 year hold period

Renovated By Tower Realty Partners

Joint-venture between New York Life and Tower Realty Partners / Feldman Equities

An exquisite and beautiful scenery building photo of Wells Fargo.
A beautiful and placid lobby where there are great amenities.

22 story Class A office building built in 1985

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