City of Phoenix buys downtown Wells Fargo tower; to be used as police headquarters

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City of Phoenix buys downtown Wells Fargo tower; to be used as police headquarters

PHOENIX – The City of Phoenix will purchase the former Wells Fargo Tower in downtown Phoenix, which will house several municipal departments, including police and 911 operators. At its July 1 session, Phoenix City Council voted 7-2 to purchase the 27 building for $ 46.5 million. The building, which is located at 100 W. Washington St., covers a total area of ​​525,000 square meters and includes an attached parking garage totaling 253,640 square meters. Councilors Jim Waring and Sal DiCiccio voted against the measure. According to city documents, the city will lease the main branch back to Wells Fargo while the bank moves to a new space. Much of the Wells Fargo office staff had already moved out of this building. A new corporate center has been developed for the bank in Chandler along the Price Road corridor and the bank has another large office presence in Tempe. “In the real estate world, there is not often an opportunity that is ideal in terms of location and needs and it also makes financial sense,” said City Manager Ed Zürcher in a statement. “This building shares a campus with the Phoenix City Hall in same block as the Phoenix Municipal Court and the Calvin Goode Building. The new office tower will enable us to bring the city’s employees and the services they provide to a single place as part of a money-saving consolidation move so that these dollars can be used for other community purposes. “At the meeting, Zürcher said that the current Police headquarters were undersized and parts were unusable due to water damage The existing police headquarters opened in 1970. Read more about this story in the Business Journal.

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