Wells REIT II buys in Boston

Wells Real Estate Investment Trust II purchased 9 Technology Drive, a 250,000-square-foot, class A office building in Boston, Mass.

The value of the transaction was not disclosed.

9 Technology Drive is located in Westborough Technology Park about 20 miles west of downtown Boston in the I-495 West submarket. It sits on more than 16 acres and was completed in 1992.

The two-story, single-tenant building was 100 percent leased at the time of sale by EMC Corp., a provider of enterprise storage systems, software, networks and services. EMC is on a long-term lease.

Wells Real Estate Funds is a national real estate investment management company that purchases existing Class-A office and industrial properties.

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