NEW YORK CITY-American Realty Capital Trust, based here, has closed on the acquisition of 11 net-leased retail properties, part of a 12-asset portfolio being marketed by Grubb & Ellis. Published reports say the 12th property, a 92,800-square-foot data center in the Denver suburb of Broomfield, CO, sold to Columbia Industrial Properties Midwest, a subsidiary of the Liberty Advisory Group.

Grubb & Ellis did not identify the portfolio’s seller, a private investor. However, published reports say that Grubb marketed the assets on behalf of the California State Automobile Association Inter-Insurance Bureau. A source familiar with the portfolio buy tells GlobeSt.com the 11 retail properties fetched a total of $65 million; a report in the Boulder, CO Daily Camera says the data center at 11525 Main St. in Broomfield traded for $12.85 million, or about $139 per square foot. It is net leased to TIAA-CREF.

The 11 retail properties “offered the buyer the unique opportunity to acquire a portfolio with a diverse tenant mix,” says Seth McKinnon, VP with Grubb’s private capital markets group, in a release. “Also, we believe that we were able to maximize the return for our clients by marketing the 11 retail properties as one portfolio and transacting the data center as individually.”