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.
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"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.
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Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
