While the monetary value of Wells Fargo's lease at buildings onNew Horizon Way and 7445 New Technology Way is not being revealed,many of the park's other flex buildings built in the mid-1980s aremarketed for $12.50-per-sf.

"We started conversations with Wells Fargo in August 2000 abouttheir desire to stay in Frederick and the I-270 Technology Park,"Manekin LLC vice president Barbara C. Alden says. Manekin, whichowns the business park, represented itself in the transaction whileThe Staubach Company stood jin for Wells fargo. "Their expandedpresence elevates the Park's reputation and enables us to attractadditional quality tenants," Alden continues.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.