Arch Street Capital and VEREIT Acquire the Regional Headquarters for Atlas Air
NEW YORK, July 12, 2021 /PRNewswire/ -- Arch Street Capital Advisors ("Arch") and VEREIT, Inc. ("VEREIT") are pleased to announce the acquisition of Atlas Air's 100,000 SF regional headquarters, a mission critical, state-of-the-art, high-quality build-to-suit office facility, strategically located in proximity to the Cincinnati / Northern Kentucky International airport, and the newly developed, three million square foot, global hub for Amazon's Prime Air. The Property is
The acquisition is part of Arch and VEREIT's programmatic venture focused on the acquisition of long term leased, single-tenant office assets (the "Partnership").
"We are pleased to announce another successful acquisition with VEREIT. Atlas Air's mission-critical office is a strong addition to the Partnership's portfolio," stated Damian Taylor, Managing Director at Arch.
"The property's strategic location near global shipment hubs along with the tenant's creditworthiness and the established long-term lease, make this a strong investment for the Partnership," stated Thomas W. Roberts, Executive Vice President and Chief Investment Officer at VEREIT.
About Arch Street Capital Advisors
Arch Street Capital Advisors is a full service real estate investment advisory firm. Arch specializes in assisting institutional investors with their real estate investment strategies including acquisition and joint venture advisory, financing advisory, and asset management and disposition services. Since 2003, Arch has advised its capital partners on more than
For more information on Arch, go to www.archstreetcapital.com.
About VEREIT
VEREIT is a full-service real estate operating company which owns and manages one of the largest portfolios of single-tenant commercial properties in the U.S. The Company has total real estate investments of
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SOURCE Arch Street Capital Advisors