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Wells Fargo Deepens Cuts to Real Estate Portfolio With Latest Office Offloading

Financial Giant To Vacate Namesake Tower in Downtown Raleigh, North Carolina, in Effort To Curb Expenses

The Wells Fargo Capitol Center in Raleigh, North Carolina, is among a cohort of offices financial giant Wells Fargo is planning to permanently vacate. (CoStar)
The Wells Fargo Capitol Center in Raleigh, North Carolina, is among a cohort of offices financial giant Wells Fargo is planning to permanently vacate. (CoStar)

It may have its name emblazoned on the building, but Wells Fargo is planning to vacate its long-held space in downtown Raleigh, North Carolina, as the financial giant looks to curb expenses by slashing its real estate portfolio.

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