Wells Real Estate Investment Trust Inc. recently sold a four-story, class A office building and 5.2 acres of adjacent land in Tampa, Fla.

The total value of the transaction was $31.2 million.

IPC Inc., a subsidiary of IPC US REIT in Toronto, purchased the property.

Located at 5104 Eisenhower Blvd. west of Tampa near the Tampa International Airport, the building contains 130,000 square feet of space.

At the time of sale the property was 100 percent leased to IBM and to the International Academy of Merchandising and Design (IAMD), a division of Career Education Corp. IAMD is expected to fully occupy the building in January 2005.

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


What’s your opinion? Send your Letter to the Editor to newsroom@inman.com.

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top
FLASH SALE: Get your August Connect Now ticket for only $49.Get the deal!×