Wells REIT II Property, Suburban N.J., Earns LEED Gold
Florham Park building leased to Novartis attains green building standard
NORCROSS, Ga. (June 25, 2010) - Wells REIT II today announced its 12th building to win certification under LEED, the environmental real estate practice standard -- a Class-A office property in suburban New Jersey.
LEED Gold certification has been presented to 180 Park Avenue, Building 105, in Florham Park, N.J. The 222,000-square-foot building, part of a three-building corporate park, is leased to Novartis, the global pharmaceutical leader.
LEED - Leadership in Energy and Environmental Design - is a national benchmark for the design, construction and operation of high-performance green buildings. Certification is administered by the U.S. Green Building Council. Gold certification is the second-highest of four classifications under LEED standards.
Wells Real Estate Investment Trust II specializes in ownership and management of Class-A office properties.
Wells works closely with Novartis to promote green management practices at the property. The property has earned a very high ENERGY STAR® rating of 98.
"It's an extremely efficient building; energy use has remained relatively flat over the past two years, even as utilization increased," noted Scott Meadows, managing director, Property Services, for Wells. "The LEED Gold award is a tribute to Novartis and to our management team."
Wells REIT II owns 91 office and industrial buildings in 23 states; Washington, D.C.; and Moscow, Russia, covering more than 21 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:
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