SL Nusbaum Inks New Lease at Hampton Roads Office Tower

September 3, 2024

Office Brokerage Mid-Atlantic NewsMoreRichmond

An accounting and consulting company will occupy the 19th floor at Wells Fargo Center.

Wells Fargo Center in Norfolk, Va. — Wells Fargo Center came online in 2011. *Image courtesy of CommercialEdge*

S.L. Nusbaum Realty has secured a 10,253-square-foot lease at Wells Fargo Center, a 255,000-square-foot office property in downtown Norfolk, Va.

The tenant is PBMares LLP, an accounting and consulting firm that will occupy space at the building’s 19th floor. The landlord was represented in-house while JLL and Harvey Lindsay Commercial Real Estate negotiated on behalf of the tenant.

Notable tenants include Wells Fargo, UBS Financial Services Inc., Norton Capital Management, KPMG, Forvis, Blue Sky Psychiatry and S.L. Nusbaum Realty itself, according to CommercialEdge. The Wells Fargo Center is the first LEED Gold-certified high-rise in the city and the most recent office tower to be added in downtown Norfolk.

Earlier this June, regional law firm Williams Mullen extended its lease by seven years at 200 S. 10th St., a 207,000-square-foot office building in downtown Richmond, Va. The tenant has been anchoring the asset, also known as the Williams Mullen Center, since its completion in 2010 and will continue to occupy 148,911 square feet.

A downtown Norfolk office asset

Wells Fargo Center is a Class A office asset rising 23 stories at 440 Monticello Ave., in the city’s central business district. The high-rise came online in 2011 and has 24,500-square-foot floorplates, six passenger elevators and 1,859 vehicle parking spots situated on a multilevel structure spanning floors three to 10. Additionally, the property includes 121 luxury residential units, a conference room with up to 50 seating spaces and first-floor retail totaling 50,000 square feet.

Located in downtown Norfolk, Wells Fargo Center provides access to Interstate 264 and to multiple bus and light rail stops. The property is 10 miles from Norfolk International Airport and 18 miles from Hampton Roads Executive Airport.

Senior Vice President Deborah Stearns of JLL and Senior Vice President Clark Baldwin of Harvey Lindsay Commercial Real Estate negotiated on behalf of the tenant, while the landlord was represented in-house by Senior Vice President & Partner Stephanie Sanker.