Wells Real Estate Funds sold 880 Holcomb Bridge, a 49,530-square-foot retail development, and Brookwood Grill, a 7,440-square-foot restaurant in Roswell, Ga.
The total value of the transactions was $9.5 million.
Fund II, III, VI and VII Associates, a joint venture that shared ownership among Wells Limited Partnership Fund II, Wells Limited Partnership Fund II-OW, Wells Limited Partnership Fund III, Wells Limited Partnership Fund VI and Wells Limited Partnership Fund VII, sold the Holcomb Bridge property.
Fund II and III Associates, a joint venture that shared ownership among Wells Limited Partnership Fund II, Wells Limited Partnership Fund II-OW and Wells Limited Partnership Fund III, sold the Brookwood Grill property.
Maryland-based 7220 LLC purchased the properties.
Neal Pringle of The Shopping Center Group assisted Wells in the transaction.
Wells Real Estate Funds is a national real estate investment management company that purchases existing class-A office and industrial properties.
***
What’s your opinion? Send your Letter to the Editor to newsroom@inman.com.
