SANDY SPRINGS, GA-Atlanta-based Wells Real Estate InvestmentTrust II will become the majority partner in a joint venture thatis developing the $100-million, 354,963-sf Three Glenlake project.The project, which broke ground in January, is an Atlanta-basedjoint venture between Greenstone Properties, Granite Properties andPope & Land.
The 14-story property, on Glenlake Parkway near Abernathy Roadand Georgia 400, is slated to become the future headquarters ofNewell Rubbermaid, which will be the sole tenant in the building.The agreement with Wells REIT and the other partners will closeupon the property's completion in 2008.
Randy Evans, of New York City-based Eastdil Secured, representedthe Greenstone, Granite and Pope & Land venture in thetransaction. Wells senior vice president, acquisitions Keith Willbyrepresented Wells REIT.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
