Wells REIT II Phoenix Property Earns LEED Gold
San Tan Corporate Center attains green building standard
NORCROSS, Ga.
(February
03, 2011)
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Wells REIT II, a real estate investment trust specializing in Class-A office properties, has attained LEED Gold status for Phases 1 and 2 of its award winning Phoenix property, San Tan Corporate Center.
This latest achievement is the seventeenth LEED certification for a Wells REIT II property.
"Wells Real Estate Funds is committed to operating every property as responsibly as we can particularly when it comes to green building practices," said Don Henry, chief real estate officer, Wells Real Estate Funds. "The LEED Gold award is a tribute to the efforts of our management team, and our property manager, CB Richard Ellis."
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.
In order to earn this certification, significant changes were made to San Tan Corporate Center's building operations in the areas of green cleaning, indoor air quality, green landscaping, recycling solutions and water conservation. Energy usage and overall water consumption were reduced by 4.2% and 21%, respectively, over the same period a year ago, and 60% of all waste generated was recycled during the performance period. Additionally, both Phases 1 and 2 have ENERGY STAR® designations from the U.S. Environmental Protection Agency.
Located in the northwest corner of the Loop 101 and Ray Road in Chandler, San Tan Corporate Center consists of two Class A, three-story office buildings, Phases 1 and 2. The buildings are among only a handful of privately owned, existing multi-tenant office buildings in metro Phoenix to achieve Gold-level certification.
Wells REIT II owns 92 office buildings in 24 states; Washington, D.C.; and Moscow, Russia, covering more than 22 million square feet. Wells REIT II closed to new investments on June 30. 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 $11 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. This is neither an offer nor a solicitation to purchase securities. Such an offer can be made only by prospectus. To obtain a prospectus, please contact Wells Investment Securities, Inc., 6200 The Corners Parkway, Norcross, Ga. 30092-3365 (tel. 800-448-1010). For SEC filings:
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001252849&owner=include.