X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DENVER-Atlanta-based Wells Real Estate Investment Trust and Wells FundXIII, L.P., through a joint venture, has acquired a 148,200-sf office and light assembly building located at 8560 Upland Dr. in the Compark Business Campus, along the southeast suburban corridor. The building is 100% leased to Advanced Digital Information Corp. through December 2011.

The property is 51% owned by the Wells REIT and 49% owned by Fund XIII, L.P. The single-story building was completed about a year ago. The building sits on an 11.78-acre site. Its exterior features a combination of architectural precast concrete and glass. The building has 305 parking spaces.

Wells Real Estate Funds, which manages about $1 billion in assets for more than 46,000 investors nationwide, purchases existing and to-be-built class A suburban offices and industrial properties leased to long-term, Fortune 500 companies.

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?

Dig Deeper

GlobeSt

Join GlobeSt

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

  • Free unlimited access to GlobeSt.com'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 ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.