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One Wells Fargo tower sells for $245 million

The One Wells Fargo tower uptown has been sold for $245 million, county records show.

Starwood Capital Group and Vision Equities, real estate investment groups who have both been active in Charlotte, completed the deal several months after they had been said to be interested in the property.

Once the headquarters of Wachovia Corp. and First Union Corp., One Wells Fargo had been on the market for several years. The building had been owned by Childress Klein, and will continue to be operated by the company after the sale.

Starwood, based in Connecticut, bought a set off office buildings of West Tyvola Road earlier this year. New Jersey-based Vision Equities bought the Charlotte Coliseum property last year. Managing partner Fred Arena said Tuesday the company is still working to market the location.

“We believe in Charlotte and want to continue to build our platform and portfolio there,” he said.

Dunn: 704-358-5235 Twitter: @andrew_dunn
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