Wells Fargo is breaking ground on a 410,000 square foot expansion of its Chandler campus along the Price corridor in Arizona, a $125 million expansion project that will double the size of its footprint in the area. The Chandler expansion will provide space at 2600 S. Price Road for approximately 2,500 employees, adding two four-story buildings, a four-story parking garage, event center plus a café. Future phases of campus development could add another 920,000 square feet of office space and additional parking.
"The buildings will provide room for 2,500 additional team members, giving us the ability to relocate team members and the flexibility for growth," Lori Brown, a local Wells Fargo spokeswoman, said in an email to the Phoenix Business Journal. Wells Fargo employs about 13,000 people in the Valley, about 2,500 of whom work at the Ocotillo Corporate Campus on Price Road, Brown said. The bank is the fourth-largest employer in Chandler, according to the city's website.
Wells Fargo has had a corporate office on the Price Corridor since 2004, but did not want to build until it had sufficient staff, so most of the employees that would move to the new section are working in temporary locations elsewhere, Leo Bauman, vice president and manager at Wells Fargo, said in a Maguire Co. study conducted earlier this year.
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