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Millcreek Commercial Properties has partnered with American Development Partners to develop $50 million in single-tenant triple-net lease assets throughout the US in the fourth quarter. Millcreek will serve as the capital partner for American Development, which will build multiple single-tenant properties, including two facilities for Healthcare Solutions Holdings.

Millcreek was introduced to the American Development Partners while scouting an opportunity in Houston. “They have an extensive background in single-tenant net lease product across the US,” Kevin Long, president and CEO at Millcreek Commercial, tells GlobeSt.com. We spent a number of months exploring a venture together. We have come together and are excited about the synergy that these two companies bring together for the American public.”

Kelsi Maree Borland

Kelsi Maree Borland is a freelance writer and editor living in Los Angeles whose work has appeared in such publications as Travel + Leisure, Angeleno and Los Angeles Magazine.

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