Arch Street Capital Advisors has announced the sale of a portfolio of single-tenant, net-leased, industrial assets totaling approximately 2.5 million square feet. The financial terms and new owner were not disclosed.
The portfolio consisted of four assets located in the Midwest and Southeast leased on a long-term basis to three tenants that represent a variety of industries. The portfolio was acquired as part of Arch’s longstanding focus on single-tenant, net-leased, industrial assets. Over the past five years, Arch has acquired nearly 15 million square feet of net-leased industrial assets with operating partners.
“After executing our business plan, we are pleased to have been able to successfully exit these assets on behalf of our institutional capital partner,” said, Petra Conte, senior vice president of asset management, at Arch Street Capital Advisors.
Gautam Mashettiwar, senior vice president of acquisitions, at Arch Street Capital Advisors, added,
