Wells REIT dumps Caterpillar building

Fortune 100 company under lease to 2011

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Wells Real Estate Investment Trust has sold the Caterpillar Inc. warehouse facility near Greenville, S.C., to HRPT Properties Trust. The value of the transaction was not disclosed. The 168,000-square-foot office/warehouse property at 111 Southchase Blvd. in Fountain Inn was built in 1987, and was acquired by a joint venture led by Wells REIT in 1999. Caterpillar, a manufacturer of construction equipment and engines, last year signed a five-year lease. ...