Wells Real Estate Investment Trust II the purchase of its first property, Weatherford Center, a 260,000-square-foot, class A office building located in Houston, Texas.

The value of the transaction was not disclosed.

The 12-story building, located at 515 Post Oak Blvd., was 100 percent occupied at the time of sale and is the headquarters of Weatherford International Ltd., a provider of equipment and services used for the drilling, completion and production of oil and natural gas wells.

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

***

Send a Letter to the Editor for publication.
Send a comment or news tip to our newsroom.
Please include the headline of the story.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top