Wells REIT Bids High on Washington Office

  By WSJ.com: Real Estate | March 1, 2011 - 12:14 am | Rental Property Articles

Wells Real Estate Investment Trust II, an untraded REIT, has agreed to pay approximately $615 million for a Washington, D.C., office complex in the latest sign investors are willing to pay peak-era prices for the most sought-after commercial property.

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