Wells REIT II buys Wells Fargo building
Purchase marks company's first in Wisconsin
By Inman News, Wednesday, March 5, 2008.Bookmarking Sites
Wells Real Estate Investment Trust II on Tuesday announced its first purchase in Wisconsin: a 230,000-square-foot office property in Milwaukee.
Washington Mutual sold the three-story facility, which is fully leased to Wells Fargo until 2006.
The boomerang-shaped building, located at 11200 West Parkland Ave., was built in 1990 and recently renovated.
According to a press statement, the property was acquired at a price "below the projected replacement value."
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