Arch Street Capital Sells Industrial Net Lease Portfolio
The firm sold the single-tenant assets totaling 425,000 square feet; currently leased to tenants including Walmart and Tesla.
NEW YORK – New York-based real estate investment advisory firm, Arch Street Capital Advisors LLC has sold a 425,000-square-foot portfolio of single-tenant, net leased industrial assets.
The industrial portfolio was acquired through a value-add investment platform, dedicated to acquiring and managing industrial properties and focused on value-add initiatives, such as lease extensions and lease-up of vacant properties.
The portfolio is currently leased to various tenants, including Walmart and Tesla.
“After executing our business plan over the past three years, we are pleased to have been able to successfully exit these assets on behalf of our institutional client,” states Petra Conte, Arch Street Capital Advisors’ SVP of asset management.
“We remain active in the acquisition of single-tenant, net-leased, office, industrial and MOB / Healthcare assets and continue to search for new opportunities both on a portfolio and single asset basis,” says Gautam Mashettiwar, SVP of acquisitions for Arch Street Capital Advisors.