Wells REIT II expands in Georgia

Acquires class-A office building in Atlanta

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Wells Real Estate Investment Trust II Inc. bought One Glenlake, a 350,000-square-foot, class-A office building leased primarily by Siebel Systems in Atlanta's Central Perimeter market. The value of the transaction was not disclosed. Siebel Systems has a long-term lease for 163,000 square feet (46 percent) of the 14-story building. Other major tenants include Willis Insurance, Regions Bank, Transamerica, EBC Office Centers and Coldwell Banker. 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....