Wells Wins BOMA Award at Key Tower, Cleveland
Landmark Tower is City's ‘Office Building of the Year'
NORCROSS, Ga. (Jan. 8, 2010) - Wells REIT II, a real estate investment trust specializing in Class-A office properties, has won its latest "Office Building of the Year" award, for the iconic Key Tower in Cleveland.
The award is presented by the Greater Cleveland chapter of the Building Owners and Managers Association. The 57-story, 1.3-million-square-foot office tower was designed by Cesar Pelli and is home to Key Bank.
Key Tower, which will now compete for regional BOMA honors, was named tops in the 1-million-plus-square-feet category. It was built in 1991 by the Richard E. Jacobs Group; at the time, the tower was the tallest building between New York and Chicago. Wells REIT II acquired its ownership position in Key Center, including the tower and an adjacent hotel, in 2005.
Wells REIT II owns 85 office and industrial buildings in 23 states; Washington, D.C.; and Moscow, Russia, covering more than 20 million square feet. For more information on the REIT, visit http://www.wellsreitii.com/.
Wells REIT II is a program of Wells Real Estate Funds, a national real estate investment company founded in suburban Atlanta in 1984. Since its inception, Wells investment offerings - current and closed - have invested more than $12 billion in real estate for more than 250,000 investors. For more information about Wells Real Estate Funds, see http://www.wellsref.com/.
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as "may," "will," "expect," "intend," "anticipate," "estimate," "believe," "continue," or other similar words. Readers of this press release should be aware that there are various factors that could cause actual results to differ materially from any forward-looking statements made in this release. Factors that could cause or contribute to such differences include, but are not limited to, changes in general economic and business conditions, industry trends, changes in government rules and regulations (including changes in tax laws), and increases in interest rates. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The identifier "Wells Real Estate Funds" is used generally in this communication, and not always in reference to Wells Real Estate Funds, Inc. The portfolios referenced are separate entities, as explained in the products' prospectuses. This is neither an offer nor a solicitation to purchase securities. Such an offer can be made only by prospectus. For a prospectus, contact Wells Investment Securities, Inc., 6200 The Corners Pkwy., Norcross, Ga. 30092-3365 (tel. 800-448-1010). SEC filings:
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001252849&owner=include.
