NEW YORK CITY-American Realty Capital Trust, based here, has closed on the acquisition of 11 net-leased retail properties, part of a 12-asset portfolio being marketed by Grubb & Ellis. Published reports say the 12th property, a 92,800-square-foot data center in the Denver suburb of Broomfield, CO, sold to Columbia Industrial Properties Midwest, a subsidiary of the Liberty Advisory Group.

Grubb & Ellis did not identify the portfolio’s seller, a private investor. However, published reports say that Grubb marketed the assets on behalf of the California State Automobile Association Inter-Insurance Bureau. A source familiar with the portfolio buy tells GlobeSt.com the 11 retail properties fetched a total of $65 million; a report in the Boulder, CO Daily Camera says the data center at 11525 Main St. in Broomfield traded for $12.85 million, or about $139 per square foot. It is net leased to TIAA-CREF.

The 11 retail properties “offered the buyer the unique opportunity to acquire a portfolio with a diverse tenant mix,” says Seth McKinnon, VP with Grubb’s private capital markets group, in a release. “Also, we believe that we were able to maximize the return for our clients by marketing the 11 retail properties as one portfolio and transacting the data center as individually.”

Five properties net leased to Walgreens are included in the 11-asset portfolio: a quartet of single-story buildings in Joliet, IL; Marysville, OH; Austin, TX and Chelsea, AL; and a two-story building located in Upper Arlington, OH. There are also two properties 100% occupied by JPMorgan Chase & Co. and located in the Chicago suburbs of Carpentersville, IL and Northlake, IL. Two single-story buildings 100% leased to Fifth Third Bank in Schaumburg, IL and Montgomery, IL are also included in the portfolio, as is a CVS Pharmacy at 2738 N. Decatur Rd. in the Atlanta suburb of Decatur, GA. Largest property in the portfolio is another suburban Atlanta asset: a 131,000-square-foot Home Depot on 15 acres of land at the intersection of Floyd Road and the east-west connector in Austell, GA.

McKinnon and Steven Golubchik, also a VP in Grubb’s private capital markets group, represented the seller in the retail portfolio deal. Riki Hashimoto, SVP of investment services, handled the data center sale. The retail portfolio buy fits in with the single-tenant investment strategy of ARC, led by Nicholas Schorsch.

In other news, Grubb & Ellis Apartment REIT announced last week it had named Realty Capital Securities, ARC’s managing broker dealer, and planned to enter an advisory agreement with a firm owned by ARC and ROC REIT Advisors LLC. Both arrangements will take effect after the apartment REIT’s existing agreements with, respectively, Grubb & Ellis Securities and Grubb & Ellis Apartment REIT Advisor, LLC expire next month.