Well Fargo to replace MODIS?

[thelakelander]

To move or not to move: Wells Fargo subject of question

Real estate sources report that Wells Fargo, which merged with Wachovia Corp. almost two years ago, is considering where to operate its Downtown administrative offices.

Wachovia’s Jacksonville executives have not returned telephone calls for comment.

The real estate sources, who asked not to be identified because they were not authorized to speak about the negotiations, said Wells Fargo/Wachovia is considering whether to stay in One Enterprise Center at 225 Water St. or move into the Modis Building, which is also known as Independent Square.

Sources say a decision is expected by early next year.

In either event, Wells Fargo is expected to put up new signs within the year to replace Wachovia’s name.

A move to the Modis Building would mean the potential replacement of the Modis name atop the building with Wells Fargo.

Independent Square is the name of the building at 1 Independent Drive that features the Modis name on top. Modis is the name of a predecessor company to Adecco Group North America, a staffing company that will move from the building for Southside in the spring.

Wachovia has occupied the One Enterprise Center Building Downtown from the building’s beginning, first as Florida National Bank and then as First Union before it merged into Wachovia.

It’s likely that a move would not greatly affect real estate occupancy rates Downtown because Wells Fargo, if it moved, would be relocating from one Downtown building to another.

full article: http://www.jaxdailyrecord.com/showstory.php?Story_id=532153

[Wacca Pilatka]

And this is why I still say "Independent Life Building," "Barnett Center," etc...

[thelakelander]

I believe the official name is still One Independent Square.

[Wacca Pilatka]

It is - still says that over the doors.

[simms3]

I am actually old enough to remember Independent Life on the building and of course Barnett Bank, and First Union!  Yay lol

[fieldafm]

Well, I guess the cat is out of the bag... so I can go back and re-edit one of my posts from over the weekend, lol.

[Coolyfett]

I am actually old enough to remember Independent Life on the building and of course Barnett Bank, and First Union!  Yay lol

I remember this as well. Both banks & Independant Life, Id like to see Swisher Sweet have a cool sign on top of a tower. I remember Wachovia name on the air condition looking building on SouthBank...or was that Suntrust? Its been a while. I just thought Wachovias name was on two different buildings

[thelakelander]

^That's Riverplace Tower (formerly Gulf Life).  Wachovia's name is on that building as well.

[Coolyfett]

Hell Yea!

[simms3]

Well, I guess the cat is out of the bag... so I can go back and re-edit one of my posts from over the weekend, lol.

Yea I'd sooo love to let the cat of the bag on something I heard two days ago.  We'll all hear about it in business news sometime pretty soon, probably 2-3 months, maybe 4.

[stjr]

Florida National Bank was never on the Wachovia building at Enterprise Center.  FNB HQ's was the Ed Ball Building and that's where they were when they were acquired First Union.  The article is incorrect.

The BB&T building on the Northbank was originally the HQ of Atlantic National Bank, also acquired by First Union.

[Coolyfett]

Florida National Bank was never on the Wachovia building at Enterprise Center.  FNB HQ's was the Ed Ball Building and that's where they were when they were acquired First Union.  The article is incorrect.

The BB&T building on the Northbank was originally the HQ of Atlantic National Bank, also acquired by First Union.

What about Jacksonville National Bank of Florida when did Wachovia buy them out??

[JSquared]

^That's Riverplace Tower (formerly Gulf Life).  Wachovia's name is on that building as well.

It was also a SouthTrust building until Wachovia bought them out.

[Coolyfett]

Wachoviia bought out Suntrust?? You sure on that one?

[JSquared]

Wachoviia bought out Suntrust?? You sure on that one?

I didn't mention SunTrust.  And I promise you they bought out SouthTrust.