Arch Street Capital Advisors has acquired 12975 Worldgate Centre, a high-quality office asset located in the Washington, D.C., metro area in partnership with VEREIT. The sales price and seller were not disclosed.
The property is 100 percent occupied by Peraton and serves as its global headquarters. The acquisition is part of the programmatic joint venture formed in January 2020 with Arch Street's institutional client, Gatehouse Capital, K.S.C.C., Kuwait. With the subject acquisition, the partnership has acquired four assets to date, equating to a total value of approximately $170.6 million. The partnership continues to actively seek new long-term leased, single-tenant office acquisition opportunities.
