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ST. LOUIS PARK, MN-Wells Fargo Bank NA signed a long-term lease totaling 477,800 square feet at Metropoint, The Center for Business. The lease transaction with property owner BPG Properties Inc. involves an extension on 147,812 square feet of existing space and the addition of 329,220 square feet of new office space.

The transaction also means Wells Fargo will occupy space in all four office buildings of the 918,500-square-foot Metropoint, located at US 169 and Interstate 394, in suburban Minneapolis.  The local media reports that the plan is to eventually consolidate staff from west Minneapolis offices at the Metrpoint campus, while providing BPG Properties (which acquired the asset in 2006) with a strong and well-recognized tenant for the complex.

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