Wells Real Estate Funds sells Marathon Center

Space leased by 2 tenants

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Wells Real Estate Funds sold its Marathon Center, a 76,000-square-foot, three-story office building in Appleton, Wis. The value of the transaction was approximately $10.3 million. At the time of sale, the building was 100 percent occupied by Marathon Engineers/Architects/Planners LLC and by Virchow, Krause & Company LLP. A joint venture formed by Wells Real Estate Funds V, VI and VII Associates sold the property to local firm Alexander & Bishop Ltd. CB Richard Ellis assisted Wells in negotiating the transaction. Wells Real Estate Funds is a national real estate investment management firm that purchases real estate on behalf of Wells-sponsored investment programs. *** What's your opinion? Send your Letter to the Editor to opinion@inman.com....