- 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.
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