Wednesday, February 06, 2008

UnitedHealthcare Services Completes Sale Leaseback of Office Building in St. Louis

Commercial Property News - February 4, 2008

Wells Real Estate Investment Trust II has taken UnitedHealthcare Services’ five-story office building in suburban St. Louis, the fund has reported. The deal is a sale-leaseback, and UnitedHealthcare has signed a long-term lease for 100 percent of the property.

The building has 188,500 square feet on five floors, and was built for UnitedHealthcare a decade ago in Riverpor-Earth City, the area’s largest mixed-use business park, northeast of St. Louis. The park offers direct access to Interstates 70 and 270, and is just five minutes from Lambert-St. Louis International Airport.

No other terms of the deal were disclosed. Sphere: Related Content

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