Wells Fargo is trading its downtown Fort Worth office for new digs in the Shops at Clearfork, an upscale mixed-use area that’s becoming a top corporate destination in the city.
The bank has leased 39,000 square feet in a 50,000-square-foot office building that’s under construction at 5188 Monahans Avenue, the Dallas Business Journal reported.
Indianapolis-based Simon Property Group is developing the building in partnership with Cassco Development Company.
David Simon, CEO of the largest mall owner in the country, hinted “Wells” would occupy the majority of the office during a third-quarter earnings call in November.
The building will also feature 22,000 square feet of ground-floor retail and is scheduled to deliver in 2026, the same year Wells Fargo’s lease at its namesake tower at 201 Main Street expires.
CBRE’s David Walters represented Wells Fargo, and JLL’s Cannon Camp represented Simon.
It’s not yet clear whether the move signals Wells’ full departure from downtown. The bank occupies 103,000 square feet across seven floors at the 33-story tower, which was built by the Bass family in the 1980s and remains under their ownership via City Center Management.
Wells Fargo moved to the tower in 2005, and it declined to comment on its plans.
The lease is a vote of confidence in Clearfork and part of a broader shift in Fort Worth’s office market.
Companies have increasingly favored newer, amenity-rich buildings outside the traditional downtown core. This “flight to quality” trend brought more than 400,000 square feet of office development to areas like the Cultural District.
Wells Fargo is expanding its presence in the region. The company, which had $23.7 billion in deposits in Dallas-Fort Worth as of last summer, is halfway through construction on a $455 million regional campus in Irving’s Las Colinas that will house thousands of employees later this year.
— Judah Duke
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