Arch Street Capital Advisors and VEREIT have acquired DHL Supply Chain’s North American headquarters located in Westerville, Ohio. The property, located within the recently developed Westar Place Business Park, is a new build-to-suit, 145,000-square-foot class A office building.
The acquisition is part of Arch Street and VEREIT’s new programmatic venture focused on the acquisition of long-term leased, single-tenant office assets. The partnership has acquired approximately $120.8 million of assets to date, with an additional $49.8 million of assets identified for acquisition in early 2020. The partnership is actively seeking new opportunities for acquisition.
