MIAMI- Wells Fargo & Co. signed a 20-year lease at the brand new, Met2 Financial Center, a 750,000-square-foot downtown office tower. As of Wednesday, the building became the Wells Fargo Center after the bank signed up for roughly 100,000-square feet at the tower. The move will allow it to consolidate its operations in Miami, leaving a hole at the Wachovia Financial Center, its neighbor across the street, as well as the Mellon Financial Center on Brickell Avenue to the south.

The Wells Fargo Center, which just opened with a temporary certificate of occupancy, is the largest contiguous supply of space to be delivered in the Miami office market in 26 years, when the Wachovia Financial Center was completed. Since the beginning of this year, over 1.3 million square feet of new, Class A space has been introduced to the downtown and Brickell Avenue markets. In addition to the Wells Fargo Center, the nearly 600,000-square-foot 1450 Brickell building opened, and a third office building at 600 Brickell, the Brickell Financial Centre, which will have almost 611,000 square feet, is slated to be completed in a little over a year.

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