Mine Safety Appliance Co. owns the business park. On conditionof anonymity, an area broker tells GlobeSt.com the price of theland was $14 million. Wells has an option on an adjacent 23-acreparcel that would allow expansion of up to 1.2 million sf.
Dallas-based Trammell Crow Real Estate Development &Investment Inc., now an independently operated subsidiary of CBRichard Ellis, is developing the three-building, 770,000-sfcomplex, which will be owned by Wells REIT II. Westinghouse hassigned a 15-year lease for the facility under an agreement thatbegins with completion of the second phase of the project.
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