Arch Street Capital Advisors Sells Net-Leased Industrial Portfolio
The firm has sold four single-tenant assets totaling 2.5 million square feet in the Midwest and Southeast.
NEW YORK, NY – New York-based real estate advisory firm, Arch Street Capital Advisors LLC has sold a net-leased industrial portfolio, totaling 2.5 million square feet.
The portfolio comprises four single-tenant assets, leased on a long-term basis to three tenants. The properties are located in the Midwest and Southeast.
Arch Street Capital Advisors originally acquired the portfolio to align with its focus on single-tenant, net-leased industrial assets.
“After executing our business plan, we are pleased to have been able to successfully exit these assets on behalf of our institutional capital partner,” says Petra Conte, SVP of asset management at Arch Street Capital Advisors.
The firm has purchased nearly 15 million square feet of net-leased industrial assets during the past five years, in conjunction with operating partners.
Arch Street Capital Advisors’ SVP of acquisitions Gautam Mashettiwar states, “We remain active in the acquisition of single-tenant, net-leased, office and industrial properties as well as data center, MOB / healthcare and retail assets and continue to search for new opportunities both on a portfolio and single asset basis.”