Arch Street Capital Advisors has purchased two single-tenant, build-to-suit, high-quality industrial assets that are strategically located in the Minneapolis and Kansas City MSAs within the Midwest region. The recently developed, class A Portfolio consists of approximately 2 million square feet and serves as a technologically advanced distribution facility for a leading e-commerce, publicly traded, investment grade company.
The portfolio was developed in partnership with a global real estate developer. Arch, on behalf of one of its institutional capital partners, provided preferred equity construction financing and a forward commitment to acquire the asset upon completion.
“We are pleased to expand our industrial footprint through creatively structuring the acquisition of a high-quality distribution centers leased to an investment grade, long-term leased tenant” stated Hemal Patel, vice president at Arch. “We continue to seek high-quality net lease industrial, of
