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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.
