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Wells Fargo Tower in Birmingham Sells for $68.5M

REIT Buys 515,000-SF Office Property in CBD
By Laurie Forbes
August 9, 2011 | 7:43 AM

Commonwealth REIT (NYSE: CWH), an office and industrial real estate investment trust, purchased Wells Fargo Tower in Birmingham, AL, for $68.5 million, or approximately $130 per square foot. AREA Property Partners sold the trophy office building on behalf of one of its funds in one of the biggest office sales in the market so far this quarter.

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