Arch Street Capital Acquires Class A, Single Tenant, Investment Grade Distribution and Light-Manufacturing Facility Located in Cleveland MS
Arch Street Capital Advisors, LLC ("Arch"), a real estate investment advisory firm, is pleased to announce the acquisition of a single-tenant, build-to-suit, high-quality industrial asset ("Property") that is strategically located within a growing industrial submarket of the Cleveland MSA. The recently developed, Class A Property consists of approximately 280,000 SF and serves as a technologically advanced distribution and light-manufacturing facility for a leading e-commerce, publicly traded, investment grade company.
The Property was developed in partnership with a global real estate developer. Arch, on behalf of a capital partner, provided a short term capital solution during the construction phase followed by a forward purchase upon completion.
"We are excited to acquire, through creative structuring, another high-quality distribution center fully occupied to an investment grade, long-term tenant further expanding our industrial footprint in the Midwest," stated Hemal Patel, Vice President at Arch. "We continue to seek high-quality net lease industrial, office, medical and retail assets on behalf of our institutional capital partners."