Tuesday , 28 March 2017
Breaking News

Wells REIT Buys Houston Office Building

HOUSTON – Wells Core Office Income REIT has acquired the Westway II building in west Houston. 

Westway II is a 242,374 square foot Class-A office building in the Westway Business Park directly adjacent to the Sam Houston Parkway. The building, completed in 2009, has LEED-silver certified status.   

The property is 100 percent leased to four tenants, with the lead tenant, GE Oil & Gas, occupying three-fourths of the building.

“Westway II is an excellent addition to Wells Core REIT’s growing portfolio of Class-A office properties.” said Don Henry, chief real estate officer of  Georgia-based Wells Real Estate Funds. “With a great location in one of Houston’s most desirable business centers, and a solid tenant roster in place, this deal fits squarely within our core real estate investment strategy.”

Wells was represented internally by Keith Willby, senior vice president, Capital Markets. The seller, Pete Dienna of Dienna Nelson Augustine Co., developed the project and was represented by Jeff Hollinden of Holliday Fenoglio Fowler, L. P.

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