Wells REIT II Acquires CH2M HILL Headquarters, Suburban Denver

Wells REIT II Acquires CH2M HILL Headquarters, Suburban Denver

Property Fully Leased to Engineering/Construction Giant to 2017

NORCROSS, Ga. (Sept. 26, 2007) - Wells Real Estate Investment Trust II announced today its acquisition of the world headquarters facilities of CH2M HILL, a global full-service engineering, construction and operations firm.

CH2M HILL will occupy 100 percent of the property, a four-building complex in metropolitan Denver, under a 10-year lease.

Wells REIT II acquired the Class-A office property, on South Jamaica Street in Englewood, Colo., in a sale-leaseback with CH2M HILL. Terms were not announced.

The property, with 478,000 square feet of office space constructed from 2002 to 2007, covers 31 acres in the Meridian Business Center, with direct access to the region's new light rail system.

"This is a good example of our acquisition strategy in action - a strong global tenant and a fine piece of real estate in a very desirable submarket," said Joe Oglesby, senior vice president, who represented Wells Real Estate Funds. "We're thrilled to add CH2M HILL to our roster of outstanding corporate tenants, and we look forward to serving them for many years to come."

With over $5 billion in revenue, CH2M HILL's work is concentrated in the areas of transportation, water, energy, environment and industrial facilities. The employee-owned firm has more than 23,000 employees in regional offices around the world. CH2M HILL was represented in the transaction by Cushman & Wakefield.

This is Wells REIT II's first acquisition in Colorado. The fund is a public nontraded REIT specializing in office properties, which now has 69 buildings in 21 states (including Washington, D.C.), totaling more than $3 billion based on purchase price and covering 16 million square feet. Across the portfolio, Wells REIT II properties are 98 percent leased.

Wells Real Estate Funds is a national real estate investment company based in suburban Atlanta. Since its founding in 1984, Wells has invested more than $11 billion in real estate for more than 200,000 investors. For more information, see www.wellsref.com.

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as "may," "will," "expect," "intend," "anticipate," "estimate," "believe," "continue," or other similar words. Readers of this press release should be aware that there are various factors that could cause actual results to differ materially from any forward-looking statements made in this release. Factors that could cause or contribute to such differences include, but are not limited to, changes in general economic and business conditions, industry trends, changes in government rules and regulations (including changes in tax laws), and increases in interest rates. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. This is neither an offer nor a solicitation to purchase securities. Such an offer can be made only by prospectus. For a prospectus, contact Wells Investment Securities, Inc., 6200 The Corners Pkwy., Norcross, Ga. 30092 (tel. 800-448-1010). SEC filings: www.wellsref.com/investmentproducts/reit/secfilings.html.

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