|
|
Article: Wells Real Estate Funds Joint Venture Sells to Johnson Matthey.
- Article from:
- PR Newswire
- Article date:
- December 9, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
ATLANTA, Dec. 9 /PRNewswire/ -- A joint venture between Wells Real Estate Fund XI, L.P., Wells Real Estate Fund XII, L.P., and a subsidiary of Wells Real Estate Investment Trust, Inc. (Wells REIT) has sold an office and warehouse building to Johnson Matthey for $10 million. Johnson Matthey had leased the 130,000-square-foot property, located in Wayne, Pennsylvania, since 1998.
"We have enjoyed having Johnson Matthey as our tenant for the past five years, and it has been a pleasure working with them so that they can own this asset," said Parker Hudson, Managing Director of Dispositions at Wells Real Estate Funds. "Strategically, they decided to consolidate their ...