Office Midwest

Wells Core REIT acquires Four Parkway North

Wells Core Office Income REIT has acquired Four Parkway North, a five-story, Class A office property in Deerfield from The John Buck Company’s JBC Fund III.

Wells Core Office Income REIT has acquired Four Parkway North, a five-story, Class A office property in Deerfield from The John Buck Company’s JBC Fund III. 

The 172,000-square-foot property, built in 1999, is situated just off of I-94 and the Tri-State Tollway, offering access to I-294, Chicago’s Loop and O’Hare International Airport. The building is fully leased to four tenants – CF Industries Holdings Inc.; Lundbeck Inc.; Randstad Pharma; and Amgen USA.

“Four Parkway North is a strong addition to the Wells Core REIT portfolio,” saidJoe Oglesby, chief investment officer of Wells Real Estate Funds, advisor to the REIT. “It serves as a headquarters location to three of our tenants – CF Industries, Lundbeck and Randstad.”

Wells was represented internally by Peter Mitchell, senior vice president, capital markets.