Caterpillar secures warehouse space

Wells Real Estate Funds leased a 168,000-square-foot warehouse facility in suburban Greenville, S.C., to Caterpillar Inc., the company announced.

The value of the transaction was not disclosed.

Caterpillar will lease the property at 111 Southchase Blvd. in Fountain Inn, S.C., through 2011. The property, built in 1989, is owned by a joint venture of three Wells investment funds, and was most recently leased by Eybl Cartex, a manufacturer of auto seats.

Wells has owned the property since 1999.

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.