Wells REIT sells Northrop Grumman building

Defense contractor retains long-term occupancy

Wells Real Estate Investment Trust Inc. on Friday announced the sale of its Northrop Grumman building (formerly known as TRW Denver) in Aurora, Colo., to a New York-based real estate investment firm, NorthStar Realty Finance Corp.

The value of the transaction was not disclosed.

Wells REIT acquired the property in 2002, and expanded it last year. The building, located at 750 South Richfield St., was originally constructed in 1997.

Northrop Grumman’s lease on the three-story, 183,529-square-foot facility runs into 2015.

Wells REIT is a public, nontraded real estate investment trust specializing in office properties and is currently operating in 24 states, including Washington, D.C.