Arch Street Capital Sells 169,542 SF FBI Field Office in Salt Lake City, Utah

PR Newswire

GREENWICH, Conn., Oct. 10, 2017 /PRNewswire/ -- Arch Street Capital Advisors, a real estate investment advisory firm, announced the sale of the Federal Bureau of Investigation (FBI) Field Office in Salt Lake City, on behalf of an institutional client. The property is a 169,542 SF state of the art, mission critical facility that is 100% leased to the United States General Services Administration on behalf of the FBI.

Strategically located adjacent to the Salt Lake City International Airport, the built-to-suit property was completed for the tenant in 2012. The property houses FBI's Salt Lake Field Office, which is tasked with overseeing operations in Utah, Idaho and Montana. The property was specifically designed and built for the FBI under a 20-year original lease with the highest quality specifications. This Class A, specialized asset is backed by the credit of the U.S. Government and has 15-years of remaining lease term with no cancellation options, providing strong credit and stability for the new owner through 2032.

"We are pleased to conclude the strategic disposition of this asset on behalf of our Institutional Client, consistent with the successful execution of our asset management plan," said Petra Conte, Senior Vice President of Arch Street Capital Advisors. "We plan to redeploy this capital on behalf of our client and are actively acquiring similar high quality mission-critical facilities."

Arch Street has a number of active mandates and continues to seek yield generating opportunities with transaction sizes in excess of $40 million across various sector types including, but not limited to:

Single Tenant Office, Industrial, Retail and Data Centers, with lease terms in excess of 7+ years
Multifamily, Student Housing, Senior Housing and Manufactured Housing
Select Service Hospitality

The JLL team of Steven Buss, Brian Saal, Bill Prutting, Marc Rampulla, and Eric Gustafson acted as the exclusive agent and advisor on the disposition of the property.

About Arch Street Capital:
Arch Street Capital Advisors, L.L.C. is a full service real estate investment advisory firm. Arch Street specializes in assisting investors with their U.S. real estate strategies including acquisition and joint venture advisory, financing advisory, and asset management and disposition services. Since 2003, Arch Street has advised clients on more than $6.0 billion of acquisitions, dispositions and financings. Arch Street manages, on behalf of its clients, a diverse portfolio of investments in the industrial, office, multi-family, single-family, hospitality, retail, health care, student housing, land entitlement and development sectors of the U.S. real estate market. For more information visit: www.archstreetcapital.com