Wells' big entrance.The Wells Real Estate Investment Trust, Inc. has completed the purchase of 1075 West Entrance, a Class-A, 210,000 s/f office building in Michigan, fully leased to Electronic Data Systems. "This building was delivered as a build-to-suit for EDS (Electronic Data Systems, Plano, TX, www.eds.com) Founded in 1962 by H. Ross Perot (independent candidate for the President of the U.S. in 1992), EDS is the largest outsourcing and data processing services organization in the country. in 2001, and is another example of the type of quality we look for in every acquisition," said David Steinwedell, Chief Investment Officer with Wells Real Estate Funds. "We are realizing some excellent synergy with the GMAC GMAC General Motors Acceptance Corporation GMAC Graduate Management Admission Council GMAC Give Me A Call GMAC Genetic Manipulation Advisory Committee GMAC Genetic Modification Advisory Committee (Singapore) GMAC Give Me A Chance Detroit building The Detroit Building is a currently unused high-rise located in downtown Detroit, Michigan at 2210 Park Avenue, in the Park Avenue Historic District, in the Foxtown neighbourhood.The building was constructed in 1923, and stands at 10 floors in height. next door, which the Wells REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). purchased in May 2003." Recently, the Wells REIT sold a building located at 5104 Eisenhower Boulevard in Tampa, Florida, and is redeploying the proceeds toward the purchase of 1075 West Entrance. |
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