Wells Real Estate Funds sold its Marathon Center, a 76,000-square-foot, three-story office building in Appleton, Wis.

The value of the transaction was approximately $10.3 million.

At the time of sale, the building was 100 percent occupied by Marathon Engineers/Architects/Planners LLC and by Virchow, Krause & Company LLP.

A joint venture formed by Wells Real Estate Funds V, VI and VII Associates sold the property to local firm Alexander & Bishop Ltd.

CB Richard Ellis assisted Wells in negotiating the transaction.

Wells Real Estate Funds is a national real estate investment management firm that purchases real estate on behalf of Wells-sponsored investment programs.


What’s your opinion? Send your Letter to the Editor to opinion@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
New sessions have been added to Connect Now Agenda on October 20th! Check out the power-packed lineup. SEE THE AGENDA×