Arch Street Capital Advisors Acquires 1M-SF Distribution Facility
The firm has purchased a single-tenant, build-to-suit industrial asset within the New Orleans metropolitan area.
NEW ORLEANS, LA – Real estate investment advisory firm Arch Street Capital Advisors LLC has acquired a one-million-square-foot, build-to-suit, industrial asset in the New Orleans, LA metropolitan area.
Located within a master-planned business park, the single-tenant class A property serves as a technologically-advanced distribution facility for an investment grade leading e-commerce company.
The recently-developed property was constructed in partnership with a global real estate developer.
On behalf of its capital partner, Arch provided the preferred equity during the construction phase followed by a forward purchase upon completion.
“The flexible and creative nature of our capital continues to provide a compelling option for developers, operating partners and sellers to monetize investments on mutually beneficial terms,” says Arch VP Hemal Patel. “As such, this unique approach has allowed us to grow our industrial portfolio with the addition of a newly developed, high-quality distribution center leased to an investment grade, long-term tenant.”
Patel adds, “We continue to look globally for high-quality, yield oriented, industrial, office, retail and medical assets of scale on behalf of our institutional capital partners.”