The property has only two tenants, but is 100% leased: 66% by Stone & Webster on a new 10-year lease, and 34% by Sysco Corp. on an existing lease that expires in 2008. The structure boasts a four-level parking garage with 1,465 parking spaces.

The building is situated two miles south of Interstate 10 in the Enclave Business Park. It is strategically positioned on 14.3 acres, which includes five acres that may one day hold a new 200,000-sf office building.

Wells is picky about its purchases, but it has little worry about the credentials of its tenants. Stone & Webster is a subsidiary of The Shaw Group, a major US supplier of fabricated piping systems. With a net worth of $261 million, The Shaw Group serves the power generation, chemical, petrochemical, and oil and gas industries, employing 13,000 workers worldwide.