crefeed.com | Wells REIT acquires four Colorado office properties for $138.5M

9/27/2007

Wells REIT acquires four Colorado office properties for $138.5M

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Wells Real Estate Investment Trust II has acquired a four-building office complex in Englewood, Colo., in a sale-leaseback deal with CH2M Hill worth $138.5 million.

Cushman & Wakefield represented CH2M in the transaction.

The complex consists of four Class A office properties totaling 478,000 square feet. CH2M HILL, a global full-service engineering, construction and operations firm, has signed a lease to occupy 100 percent of the property through 2017.

The property was built from 2002 to 2007 on 31 acres and is located in the Meridian Business Park in metropolitan Denver.

Wells Real Estate Funds is a national real estate investment company based in suburban Atlanta. Wells REIT is paying for the buildings from a $400 million credit line from Wachovia Bank and the purchase is the company's first acquisition in Colorado.

Started in 1946, CH2M Hill now is one of the world's largest engineering and construction firms.

Address: 9127-9193 South Jamaica Street, Englewood, Colo.

Size: 478,000 square feet

Built: 2007

Filed Under: Office

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