Wells Fargo Tower at Lakewood sold

Real estate investment firm Caddo Holdings Inc. has acquired the Wells Fargo Tower at Lakewood for an undisclosed amount of money.

The building was sold by Newkirk Alake LP, a firm out of Boston, according to public records.

Stacey Davis, managing partner with Dallas-based Caddo Holdings Inc., told theDallas Business Journal the 175,000-square foot building is 64 percent leased with 32 tenants.

Davis said the firm set its sights on Wells Fargo Tower because of quality demographics surrounding the commercial property and its proximity to retail. Wells Fargo Tower is made up of three buildings: a four-story office building, a one-story building and a nine-story office tower.

Caddo Holdings will handle the leasing and management of the building, Davis said.