Wells Real Estate Funds leased a 168,000-square-foot warehouse facility in suburban Greenville, S.C., to Caterpillar Inc., the company announced.
The value of the transaction was not disclosed.
Caterpillar will lease the property at 111 Southchase Blvd. in Fountain Inn, S.C., through 2011. The property, built in 1989, is owned by a joint venture of three Wells investment funds, and was most recently leased by Eybl Cartex, a manufacturer of auto seats.
Wells has owned the property since 1999.