Wells sells Georgia properties

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 properties.

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