Georgia
investor buys Arlington office building
A Georgia investor has added to its string of Dallas-area
office purchases -- this time with a building in Arlington.
Wells Real Estate said Wednesday that it purchased the
three-story Aetna regional headquarters building at 4300
Centreway Place in near Interstate 20.
The building was acquired by the Wells Real Estate Investment
Trust II Inc. and contains 139,445 square feet. Wells
bought the building -- which was built in 1998 -- from
Principal Real Estate Investors. Terms of the transaction
were not disclosed.
Gary Carr and Russell Ingrum with CB Richard Ellis negotiated
the sale.
"We think this is an excellent investment opportunity
for our investors," Jeff Gilder, Wells' managing
director of acquisitions, said in a statement.
"We like the Dallas-Fort Worth region, and the Mid-Cities
submarket is one of the healthiest office locations in
the area."
Earlier this month, Wells purchased the two-building
Las Colinas Corporate Center in Irving.
Since the company was founded in 1984, Wells has invested
in $7.5 billion in assets totaling more than 35 million
square feet of space.
