Wells sells Georgia properties

Unloads nearly 57,000 square feet of retail, office space

Don't miss the real estate event of the summer
Join 4,000 real estate pros at Connect SF, Aug 7‑11, 2017

Wells Real Estate Funds sold 880 Holcomb Bridge, a 49,530-square-foot retail development, and Brookwood Grill, a 7,440-square-foot restaurant in Roswell, Ga. The total value of the transactions was $9.5 million. Fund II, III, VI and VII Associates, a joint venture that shared ownership among Wells Limited Partnership Fund II, Wells Limited Partnership Fund II-OW, Wells Limited Partnership Fund III, Wells Limited Partnership Fund VI and Wells Limited Partnership Fund VII, sold the Holcomb Bridge property. Fund II and III Associates, a joint venture that shared ownership among Wells Limited Partnership Fund II, Wells Limited Partnership Fund II-OW and Wells Limited Partnership Fund III, sold the Brookwood Grill property. Maryland-based 7220 LLC purchased the properties. Neal Pringle of The Shopping Center Group assisted Wells in the transaction. Wells Real Estate Funds is a national real estate investment management company that purchases existing class-A office and industrial pro...