WELLS REIT II GETS MAJOR LEASE EXTENSION FROM TOYOTA IN METRO PHOENIX

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CHANDLER, ARIZ. — Toyota Motor Credit Corp. has committed to a 65-month extension of its lease of Wells Real Estate Investment Trust II’s 133,317-square-foot building at One San Tan Corporate Center in Chandler. Terms of the transaction were not disclosed. In the deal that extends the lease until April 2017, Jones Lang LaSalle’s Wade and Rhonda Clark represented Toyota, which has occupied the entire building since its expansion in 2006.

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