NEW YORK CITY-American Realty Capital Trust, based here, hasclosed on the acquisition of 11 net-leased retail properties, partof a 12-asset portfolio being marketed by Grubb & Ellis.Published reports say the 12th property, a 92,800-square-foot datacenter in the Denver suburb of Broomfield, CO, sold to ColumbiaIndustrial Properties Midwest, a subsidiary of the Liberty AdvisoryGroup.

Grubb & Ellis did not identify the portfolio’s seller, aprivate investor. However, published reports say that Grubbmarketed the assets on behalf of the California State AutomobileAssociation Inter-Insurance Bureau. A source familiar with theportfolio buy tells GlobeSt.com the 11 retail properties fetched atotal of $65 million; a report in the Boulder, CO DailyCamera says the data center at 11525 Main St. in Broomfieldtraded for $12.85 million, or about $139 per square foot. It is netleased to TIAA-CREF.

The 11 retail properties “offered the buyer the uniqueopportunity to acquire a portfolio with a diverse tenant mix,” saysSeth McKinnon, VP with Grubb’s private capital markets group, in arelease. “Also, we believe that we were able to maximize the returnfor our clients by marketing the 11 retail properties as oneportfolio and transacting the data center as individually.”