Wells Fargo plans to vacate Brass Professional Center

Wells Fargo is not planning to renew their lease of 72,000 square feet at the Brass Professional Center.  By February 2010, Wells Fargo will move operations to their campus facility on Highway 151 in Westover Hills.  Despite the announcement earlier this month that Wells Fargo will hire up to 200 employees in its customer service department to handle an increase in mortgage activity, this decision illustrates the kind of belt-tightening taking place during a slow economy.  This consolidation will return vacant space to the competitive office market unless back-filled between now and the first quarter of 2010.