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Wells Fargo Exclusive: Secures $550M Deal for Former Neiman Marcus Space in NYC

Wells Fargo & Co. is making a major move in Manhattan’s real estate market with the purchase of the former Neiman Marcus space at Hudson Yards.

Wells Fargo plans to convert the space into offices in a deal worth roughly $550 million. Photo: Getty Images
Wells Fargo plans to convert the space into offices in a deal worth roughly $550 million. Photo: Getty Images

Spanning floors five through seven, the acquired area covers approximately 400,000 square feet.

The sellers of the space are the developers Related Cos. and Oxford Properties Group, who still retain ownership of the rest of the 11-story building.

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