Wells Fargo has signed a lease extension at One Orlando Center office tower. Located at 800 North Magnolia Avenue, the 19 story building will now be known as The Wells Fargo Bank Building. The new lease, a 7-year commitment, is for 81,857 square feet. John Gilbert of J.L.L. represented the landlord Parkway Properties, while Wells Fargo was represented by Dave Preve of Creas Properties. Though overall vacancy rates are still high at 16.3 percent in the CBD and 17 percent in the region, CBRE claims that demand is strong and that large downtown space are difficult to find. Parkway Properties bought the asset last year.
