CH2M Hill's current annual base rent is approximately $10million. The firm has the right to extend the term of its lease fortwo successive periods of five or 10 years each. Built over thepast five years, the campus occupies the 9100 block of SouthJamaica Street. The complex sits within the Meridian BusinessCenter.

CH2M Hill is a global construction and engineering firm with areported net worth of approximately $402.7 million. Wells REITfunded the acquisition with net proceeds raised from the REIT'songoing public offering and proceeds from its $400-million line ofcredit with Wachovia Bank. CH2M Hill was represented in thetransaction by Cushman & Wakefield.

The CH2M headquarters marks Wells REIT II's first acquisition inColorado. The public nontraded REIT specializing in officeproperties now owns 16 million sf in 69 buildings in 21 states. Theaverage occupancy in the portfolio is 98%, according to Wells.