COLUMBIA, MD-Wells Core Office Income REIT Inc., a real estate investment fund of Wells Real Estate Funds based in Norcross, Georgia, has purchased the Franklin Center Building for $65 million. SAIC Inc. is the anchor tenant of the seven-floor office building located in Columbia, Maryland, where the company accommodates its Cyber Innovations Center.
Principal Enhanced Property Fund L.P. was the seller of the property spanning 200,600 square feet. According to Wells, tThe property sitting on a 15-acre site was built in 2008. For the full story, go to Atlanta Business Chronicle .
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