Frank Russell Building sold

Wells Real Estate Investment Trust Inc. recently sold the 12-story Frank Russell Building in Tacoma, Wash., after nearly three years of ownership.

The value of the transaction was not disclosed.

Wells REIT, which purchased the 224,000-square-foot building in January 2004, sold it last month to 909 A Street LLC. The property serves as the headquarters of the Russell Investment Group, which specializes in multi-manager investing.  more...

Lamps Plus gains 784,000 square feet

Lamps Plus Inc., a specialty lighting company with more than 47 retail stores throughout the West, has purchased a 784,000-square-foot industrial building in Redlands, Calif., for $54 million.  more...

TIC investors sell Parkwood II

Triple Net Properties LLC represented tenant-in-common investors in the sale of Parkwood II, a five-story office building in The Woodlands, Texas.

The value of the transaction was not disclosed.

Parkwood II is a 95,973-square-foot, class A office building, which is part of a two-building office project that features a four-story parking structure situated on 5.4 acres. The property was fully occupied at the time of sale by Entergy Service Inc. and Technology Partners Intl.

CNC Investment Ltd. LLP purchased the property.