
Wells Reit II acquires Sterling Commerce Centre, Ohio
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Wells Real Estate Investment Trust II, an office Reit, has acquired the headquarters of AT&T subsidiary Sterling Commerce in suburban Columbus, Ohio.
The Sterling Commerce Centre campus includes four class A office buildings totalling more than 322,000 square feet.
The buildings are leased to Sterling Commerce until 2020.
“Given the slowdown in class A real estate transactions in 2009, we are especially thrilled to add a property of this calibre to the Wells Reit II portfolio,” says chief real estate officer Don Henry (pictured).
Wells acquired the property from Duke Realty. Terms were not announced.
The complex, constructed from 1990 to 1998, is located along Lakehurst Court and Emerald Parkway near Interstate 270 in Dublin, Ohio, northwest of Columbus.
Sterling Commerce provides business and e-commerce software to customers around the world, including more than 80 per cent of the Fortune 500.
Wells Reit II, a public non-traded Reit specialising in office properties, now has 89 buildings in 23 states, Washington DC and Moscow, covering more than 20 million square feet.











