Benzinga | Jul 12, 2021 07:09AM EDT

Arch Street Capital and VEREIT Acquire the Regional Headquarters From Atlas Air

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 100% occupied by Atlas Air, Inc., a wholly owned subsidiary of Atlas Air Worldwide Holdings (NASDAQ:AAWW).



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.