May 10, 2018
Greenwich, CT-based Arch Street Capital Advisors, LLC divested 11 properties located across seven states totaling roughly 2.8 million square feet of primarily single-tenant, long-term, net-leased, industrial properties on behalf of an institutional client. The assets were acquired by an undisclosed buyer for $156.7 million.
The portfolio is leased to a total of nine tenants that represent seven different industries, and includes several mission critical properties. Seven facilities serve as global corporate headquarters locations for the occupiers.
Arch Street acquired the properties over a two-year period through an investment platform dedicated to acquiring and managing single-tenant, net-lease, industrial properties.
Arch Street Capital Advisors’ Petra Conte says, “We are pleased to have been able to successfully exit these assets on behalf of our institutional client.”
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