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WESTLAKE, TX-It’s taken seven years for the decision, but Wells Fargo Bank Texas corporate chiefs have signed a seven-year renewal for 80,370 sf in Solana, a Maguire Partners property that it’s occupied since 1985.

What started out as an expansion, then fell quiet during the downturn, has ended in a downsizing of a full floor at 9 Village Circle in Westlake. Basically, all the brokers are saying is that they’re glad the deal’s done.

Wells Fargo’s team consisted of Mike Wyatt, senior director in the Dallas office for Cushman & Wakefield of Texas Inc., and Calvin Hull and Tia DeFelice, formerly with C&W and now with the Billingsley Co. Tom Allen and Bill Flaherty, partners at Solana for the Los Angeles-based Maguire Partners, represented the owner’s interest.

Wells Fargo is holding onto the first three floors of the five-story class A building. The balance of the 135,000-sf structure is filled by McKesson Corp., Maguire’s team and sundry other tenants.

Allen tells GlobeSt.com that Wells Fargo Bank crafted a full-building lease two years ago and then changed its mind before it could sign. It’s taken since then to work out the freshly inked agreement.

The 900-acre, two-million-sf Solana, used by the advertising crowd for model shoots, is 97% occupied, for now. The class A complex, with a historically high occupancy, is getting its first large block come on line in the next two months as Verizon Wireless preps for the move to a 520,000-sf build-to-suit on the Solana campus. “There’s not a deal done,” Allen says of the 250,000 sf now available, “but the there’s been good activity.” The quoted rate is $24 per sf plus electric.

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