National CRE News In Your Inbox.

Sign up for Connect Daily to stay informed and save time. Connect Daily is our email publication that provides you with the latest and most relevant CRE stories of the day all in 150 words or less.

Sub Markets

Property Sectors


National  + Ohio  + Office  | 

Arch Street, VEREIT Add DHL Unit’s OH Headquarters

Arch Street Capital Advisors and VEREIT acquired DHL Supply Chain’s North American headquarters in Westerville, OH, near Columbus. Deal terms weren’t disclosed.

The property, located within the recently developed Westar Place Business Park, is a build-to-suit, 145,000-square-foot office building.

The acquisition is part of Arch Street and VEREIT’s new programmatic venture focused on the acquisition of long-term leased, single-tenant office assets. The partnership, which was formed with Arch Street’s institutional client, Gatehouse Capital of Kuwait, has acquired approximately $120.8 million of assets to date, with an additional $49.8 million of assets identified for acquisition in early 2020.

“We continue to search for high quality, mission-critical, long-term leased assets as part of our platform, and are pleased with the successful closing of another high-quality asset to enhance our portfolio,” said Thomas W. Roberts, EVP and CIO at VEREIT.

Connect With Arch Street

Connect With VEREIT

Get CRE News in 150 words

For comments, questions or concerns, please contact Paul Bubny


Inside The Story

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types as well as delving into broader subject matter. He produces 15-20 daily news stories per day and also works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.

  • ◦Sale/Acquisition
New call-to-action
New call-to-action