Arch Street Capital Advisors, LLC, has acquired a single-tenant, build-to-suit, industrial asset in a master planned business park within the New Orleans, LA metro. The recently developed Class A property is one million square feet and serves as a distribution facility.

The property was developed in partnership with a global real estate developer. Arch, on behalf of its capital partner, provided the preferred equity during the construction phase followed by a forward purchase upon completion.

“The nature of our capital continues to provide a compelling option for developers, operating partners and sellers to monetize investments on mutually beneficial terms. This approach has allowed us to grow our industrial portfolio with the addition of a newly developed, high-quality distribution center leased to an investment grade, long-term tenant” said Hemal Patel, VP at Arch. “We continue to look globally for high-quality, yield oriented, industrial, office, retail and medical assets of scale.”