The property has only two tenants, but is 100% leased: 66% byStone & Webster on a new 10-year lease, and 34% by Sysco Corp.on an existing lease that expires in 2008. The structure boasts afour-level parking garage with 1,465 parking spaces.

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The building is situated two miles south of Interstate 10 in theEnclave Business Park. It is strategically positioned on 14.3acres, which includes five acres that may one day hold a new200,000-sf office building.

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Wells is picky about its purchases, but it has little worryabout the credentials of its tenants. Stone & Webster is asubsidiary of The Shaw Group, a major US supplier of fabricatedpiping systems. With a net worth of $261 million, The Shaw Groupserves the power generation, chemical, petrochemical, and oil andgas industries, employing 13,000 workers worldwide.

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Sysco Corp. is a major North American distributor of foodproducts to the "food prepared away from home" industry. With a networth of $1.6 billion, Sysco serves the restaurant, health-care andfoodservice industries. It has an international workforce of35,100.

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No big risk-taker, Wells Real Estate Funds says it's a nationalreal estate investment management firm specializing in class-Asuburban office and industrial properties primarily leased totenants with a minimum net worth of $100 million. Wells offersinvestors a real estate investment trust, a REIT index mutual fundand a limited partnership program. Wells manages more than $600million in assets for more than 30,000 investors nationwide.

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