NEW YORK CITY—Wells Fargo reportedly is purchasing a significant amount of condominium space at 30 Hudson Yards.

The firm is set to buy approximately 500,000 square feet of space in two sections of the 80-story office tower being developed by Related Companies and Oxford Properties Group, according to a report in the Commercial Observer.

A spokesperson for Related Companies declined to confirm the report when contacted by Globest.com. A Wells Fargo spokesperson states in the report, "Our real estate group is always evaluating our real estate portfolio and our space requirements for our businesses. This market inquiry is consistent with our normal practices."

Wells Fargo is currently a major tenant at 150 West 42nd St., the former Mobil building. The published report states that its lease expires at that Midtown building in 2019, which is the same year the 30 Hudson Yards property, which is currently under construction, is expected to be completed.

Several major deals were struck last month at 30 Hudson Yards. KKR& Co. acquired approximately 343,000 square feet of space—or the top 10 office floors—at 30 Hudson Yards. The firm reached an agreement with the building's developers to relocate its corporate headquarters offices from 9 W. 57th St. to the office tower property in 2020. It was also reported that Related was taking approximately 270,000 square feet of space at its 1.6-million-square-foot property.

Other firms on the tenant roster at 30 Hudson Yards will be: Time Warner, HBO, CNN, Turner Broadcasting and Warner Brothers.