Wells REIT II Signs Siemens to Lease Extension in Orlando

                                                                       

  

NORCROSS, GA (Aug. 3, 2011) - Wells Real Estate Investment Trust II (Wells REIT II) has signed a lease extension with global electronics and electrical engineering powerhouse, Siemens. 

Siemens Quadrangle II is fully leased to the namesake firm who recently committed to extend their lease for an additional 98 months, until August 31, 2019.

The 227,000 square foot Class-A office property is owned by Wells REIT II and is ENERGY STAR® certified.  It is located in the Quadrangle/Research Park (top left photo) area of Orlando which is home to several technology firms and defense contractors.

“We are excited to have Siemens, a Standard and Poor’s A+ rated firm, fully renew their lease.  It is a testament to the strong relationship Wells Real Estate Funds has built with them over the last 11 years,” said Kevin Hoover (lower right photo), Managing Director of Real Estate for Wells REIT II. 

 Currently, the Wells REIT II portfolio includes 95 office buildings in 24 states, Washington, D.C., and Russia, covering more than 22 million square feet.  Wells REIT II closed to new investments on June 30, 2010. 

For information on Wells REIT II, visit www.WellsREITII.com.

For more information on Wells Real Estate Funds, visit www.WellsREF.com.

Media Contact: Margot Olcay, Rubenstein Associates, (212) 843-8284, :molcay@rubenstein.com