Wells REIT Sells Caterpillar Building near Greenville, S.C.
FORTUNE 100 Company Under Lease to 2011
NORCROSS, Ga. (June 12, 2007) -- Wells Real Estate Investment Trust today announced the sale of the Caterpillar Inc. warehouse facility near Greenville, S.C., to HRPT Properties Trust.
Terms were not announced. The 168,000-square-foot office/warehouse property at 111 Southchase Blvd. in Fountain Inn, was built in 1987, and acquired by a joint venture led by Wells REIT in 1999. Caterpillar last year signed a lease until 2011.
The sellers were assisted by Rob Cochran of Colliers Pinkard in Charlotte, N.C., and Givens Stewart of Colliers Keenan in Greenville.
Wells REIT is a public, nontraded REIT focused primarily on office and industrial properties. Wells REIT is closed to new investors. For more information, see www.wellsreit.com.