Wells Real Estate Investment Trust Inc. on Wednesday announced it has acquired Las Colinas Corporate Center I and II in Irving, Texas.

MetLife sold the two class A office buildings, which rise six and eight stories, respectively, and total 386,000 square feet. Las Colinas Corporate Center I and II were constructed in 1997 and 1998, respectively.

Tenants at the time of sale included H.D. Vest Financial Services, Deloitte & Touche and The Feld Group, a division of EDS. Vest, the largest tenant, is a subsidiary of Wells Fargo, and leased through December 2012.

The property also offers possibilities for future development by Wells. An adjacent development site could accommodate another 150,000-square-foot building.

Wells REIT is a public, nontraded REIT specializing in office properties. The REIT now has 86 buildings in 24 states (including Washington, D.C.), totaling more than $5 billion based on purchase price and covering more than 21 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
Thank you for subscribing to Morning Headlines.
Back to top
Inman Connect Black Friday Sale! Bundle our next two events or secure your 2021 All Access Pass.SEE THE DEALS×
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