NORCROSS, GA-Locally based Wells Real Estate Investment Trust II has acquired the 955,000-sf Lindbergh Center in the company’s second sale-leaseback deal with AT&T Services Inc. in the Buckhead area in the last few months. The communications giant will continue to occupy 100% of the property under a lease through 2020. As reported by in May, Wells REIT II acquired Lenox Park, a one million-sf, five building office campus, in a similar deal with AT&T.

“It extends our relationship with AT&T,” Oglesby, chief investment officer of Wells Real Estate Funds, tells “Both properties are in the bull’s-eye of what we look for-long term leases with credit tenants.”

Originally built for BellSouth (now AT&T) in 2002, Lindbergh Center consists of two 14-story, class A office buildings connected by an atrium. The buildings are located within a 47-acre transit-oriented, live-work-play development called Lindbergh City Center.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.