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ATLANTA-Locally based Wells Real Estate Investment Trust has paid $79 million or about $108.66 per sf to San Diego-based Koll Development Corp. for a three-property portfolio of fully leased, class A office buildings in Des Moines, IA; Plano, TX and Colorado Springs.

Wells didn’t disclose the individual property prices, age of the properties, average quoted asking rents or the length of the leases.

The largest building is on 28 acres just south of the Des Moines airport, adjacent to the interchange connecting I 35 and I 80. It is a single-story building consisting of 115,000 sf of office space and 290,000 sf of warehouse space. Plano, TX-based Electronic Data Systems has 10 years remaining on its lease.

The property in Plano is a 166,238-sf building on a 10.7-acre site in Legacy Business Park, a master-planned development adjacent to the Dallas North Tollway, south of Hwy. 121. Mountain View, CA-based Intuit, Inc. has nine years remaining on its lease.

Federal Express has 14 years remaining on its lease at the 155,808-sf office building in Colorado Springs, 45 miles south of Denver. The building is on 28.02 acres in the covenant-controlled Northgate Business Park along I 25 and directly across from the U.S. Air Force Academy.

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