According to informed sources, the fourth largest bank in the usa, wells fargo & co, is seeking to sell its headquarters building in San Francisco while relocating its headquarters to other offices less than half a mile (approximately 1.6 kilometers) away.

According to an informed source, wells fargo & co has hired its former Eastdil Secured real estate investment bank to consult on a trade, with its headquarters still located in San Francisco. Earlier reports on Tuesday indicated that the headquarters building at 420 Montgomery St. in San Francisco may go on the market as early as this month.

A spokesperson for wells fargo & co stated in an email: "Bringing more San Francisco employees together at our 333 Market Street will create a more collaborative working environment, allowing them to use more modern workspaces, advanced technology, and facilities. The headquarters of wells fargo & co remains in San Francisco, and we have no plans to move it out of the city."