December 4, 2008
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Wells REIT acquires technology park near BWI
Wells Real Estate Investment Trust II has acquired WestQuest Technology Park, a 315,000-square-foot office complex in Linthicum near Baltimore-Washington International Thurgood Marshall Airport. The complex is leased to defense contractor Northrop Grumman Corp. until 2017.
Financial terms of the sale by WestGroup/ABS Capital were not disclosed. Wells REIT II, a public, nontraded REIT, specializes in office properties.
The complex of two connected five-story buildings was built for Northrop Grumman in 1992.
Lorraine Mirabella
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