Arch Street Capital, VEREIT Acquire Regional Headquarters For Atlas Air

Arch Street Capital Advisors and VEREIT announced the acquisition of Atlas Air's 100,000 SF regional headquarters, 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 Worldwide Holdings Inc. AAWW subsidiary Atlas Air, Inc.
This transaction is part of Arch and VEREIT's programmatic venture focused on acquiring long-term leased, single-tenant office assets.
The companies believe the property's strategic location near-global shipment hubs, along with the tenant's creditworthiness and the established long-term lease, makes it a strong investment for the Partnership.
Price action: AAWW shares closed higher by 3.2% at $67.78 on Friday.