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REIT Acquires Property in Reston

Sunset Corporate Plaza Sells for $29.25 Million
By Neil Golub
July 21, 2003 | 9:55 P.M.

Wells Real Estate Investment Trust acquired a 2-building, Class-A office complex known as Sunset Corporate Plaza I and II in Reston, VA, from Principal Financial Group. Wells paid $29.25 million, about $208 per square foot for the buildings, which serve as the headquarters of IBM's government consulting group.

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