REBusinessOnline

WELLS REIT ACQUIRES OFFICE BUILDING

ST. LOUIS — Norcross, Ga.-based Wells Real Estate Investment Trust II has acquired a five-story office building located in the St. Louis neighborhood of Earth City in a sale/leaseback transaction with United Healthcare Services. The building comprises 188,500 square feet of space, and was constructed 10 years ago as a build-to-suit for the company, which is a division of United Healthcare Group. The acquisition is Wells’ first in Missouri, and was purchased for an undisclosed amount.

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