Wells Fargo Center at 1 Independent Drive W. was built in 1975. | Jacksonville Daily Record
Published on April 30, 2024 at 11:24 am
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Wells Fargo Center now is marketed as 1 Independent as owners of the 37-story Downtown tower negotiate for a new anchor tenant after taking over the property in a deed-in-lieu of foreclosure.
Wells Fargo, a San Francisco-based banking institution, has had its name on the Northbank tower at 1 Independent Drive since 2011 but is downsizing its leased space this year.
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“Downtown Jacksonville, like many cities around the country, is working through challenges related to both demand and supply side in the office market – in many cases driven by liquidity issues from the impact on interest rates,” said Zac Gruber, president of the Office Division of Miami-based Banyan Street Capital, in an email April 29.
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