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Wells Fargo will close on the sale of its downtown Des Moines properties — more than 850,000 square feet of floorspace — to an undisclosed buyer in January, city records show. As it has steadily shed jobs, Wells Fargo in early 2023 listed its entire campus for sale, comprised of four office buildings and a parking ramp. The decision came not long after the banking and financial services company announced that it would move most of its downtown Des Moines employees to its West Des Moines campus on South Jordan Creek Parkway. The prospective buyer will likely get a deal on the properties, valued by the Polk County Assessor's Office at upwards of $100 million. A year ago, Wells Fargo sold a 425,636-square-foot building and 600-space parking lot in West Des Moines for $16.5 million — a fraction of the property's $73 million assessed value. Tap the link in our bio for more on this story. #DesMoines #Iowa #DSMUSA #DowntownDesMoines

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