Wells Real Estate Investment Trust II Inc. recently acquired the suburban Chicago headquarters building of OfficeMax, a five-story class A property leased to the retailer until 2016.

The value of the transaction was not disclosed.

The 354,000-square-foot building, located at 263 Shuman Blvd. in Naperville, Ill., was built in 1986 and recently renovated. It was fully leased at the time of sale to OfficeMax.

A partnership between GlenStar Properties and Prudential Real Estate Investors sold the asset, which is Wells REIT II’s fifth acquisition in metro Chicago.

“We’re very pleased to add another quality property in the Chicagoland area,” said Spencer Patton, senior vice president, acquisitions, for Wells. “This is squarely in Chicago’s East-West Corridor, one of the area’s most desired submarkets.”

Wells REIT II is a public nontraded REIT specializing in office properties. Wells REIT II now has 49 buildings in 17 states (including Washington, D.C.), totaling more than $2.6 billion (based on purchase price) and covering more than 11 million square feet.

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
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription