Thursday, February 3, 2011

Wells Core REIT Acquires Westway One Building in Houston



 NORCROSS, GA - Wells Core Office Income REIT today announced it has acquired the Class-A Westway One building (top left photo)  in Houston, Texas. 

Built in 2007, the three-story, 143,961 square foot office building is located at 11210 Equity Drive in Westway Park, near Houston’s two major airports, and a short drive from the Energy Corridor, The Galleria, and the Westchase residential area.

Westway One is fully leased to four corporate tenants and anchored by NATCO Group, Inc., a business unit of Cameron Corp., a global provider of flow equipment, services, and systems to the oil, gas, and process industries. 

The property is both LEED Silver and ENERGY STAR®-certified.

“We are pleased to add Westway One to Wells Core REIT’s growing portfolio of Class-A office properties, especially considering its location in one of Houston’s top business centers and the fact that it is fully leased to solid tenants” said Joe Oglesby (lower left photo), chief investment officer of Wells Real Estate Funds, advisor to the REIT. 

Wells was represented internally by Keith Willby, senior vice president, capital markets.

Media Contact: Margot Olcay, Rubenstein Associates, (212) 843-8284, molcay@rubenstein.com

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