REIT ACQUIRES 354,963-SQUARE-FOOT SUBURBAN ATLANTA PROPERTY

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SANDY SPRINGS, GA. — Atlanta-based Wells Real Estate Investment Trust II has taken majority ownership of the recently completed 354,963-square-foot Three Glenlake, which was leased to Newell Rubbermaid. Wells has signed a new 12-year lease with the company, which will continue to operate its corporate headquarters in the building. Three Glenlake, a 14-story tower, was built to Green Globes environmental standards by Pope & Land Enterprises, Granite Properties and Greenstone Properties. Eastdil’s Randy Evans and Mike McDonald brokered the closing, and Wells was represented internally by Keith Willby.

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