"This building was delivered as a build-to-suit for EDS in 2001, and is another example of the type of quality we look for in every acquisition for our investors," says Wells Real Estate Funds chief investment officer David Steinwedell. "We are realizing some excellent synergy with the GMAC Detroit building next door, which the Wells REIT purchased in May 2003. Together, these buildings give us some of the best assets and corporate tenants in this investment market."

EDS occupies 1075 West Entrance, a class A building, pursuant to a long-term lease. The building is situated on 14 acres near the intersection of M-59 and I-75. The four-story building is divided into two large rectangular sections for office use, and parking can accommodate five cars per 1,000 sf of space.

Recently, the Wells REIT sold a building located at 5104 Eisenhower Blvd. in Tampa, FL and is redeploying proceeds of that sale toward the purchase of 1075 West Entrance. Wells says it was the largest purchaser of class A office and industrial real estate in the US in 2002 and 2003.