{"id":1004398658,"date":"2020-03-10T05:16:40","date_gmt":"2020-03-10T13:16:40","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004398658"},"modified":"2020-03-10T05:21:16","modified_gmt":"2020-03-10T13:21:16","slug":"arch-street-jv-buys-dhl-hq","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/arch-street-jv-buys-dhl-hq\/","title":{"rendered":"Arch Street JV Buys DHL’s North America HQ"},"content":{"rendered":"
\"\"<\/a>

DHL Supply Chain’s North American headquarters. Image courtesy of Arch Street Capital Advisors<\/i><\/p><\/div>\n

A partnership between VEREIT and Arch Street Capital Advisors’ institutional client, Gatehouse Capital, has purchased DHL Supply Chain’s North American headquarters, a 145,000-square-foot Class A office building in Westerville, Ohio. The Daimler Group sold the property for $33.1 million, according to Yardi Matrix. Capital One provided acquisition financing.<\/p>\n

The new owner is primarily focused on acquiring single-tenant office properties with long-term leases in place. The partnership has made $120.8 million in investments and plans to spend an additional $49.8 million in the first part of the year.<\/p>\n

The four-story property opened its doors in February, following nearly 18 months of construction work. Located on 10 acres at 360 Westar Blvd., the structure is less than 1 mile away from the shipping company’s previous location at 570 Polaris Parkway, a 140,033-square-foot building in Westar Place Business Park. The development is 4 miles from the intersection between interstates 71 and 270. Downtown Columbus is 16 miles away.<\/p>\n

Last spring, another Arch Street Capital client partnered with Brennan Investment Group to acquire a 1.3 million-square-foot Chicago warehouse<\/a>. The property was fully leased to True Value Co. at the time of the sale.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Daimler Group sold the newly opened headquarters building for more than $33 million.<\/p>\n","protected":false},"author":867,"featured_media":1004398667,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1585,21743,21783,13,21742,21747],"tags":[37542,33139,34893,32951],"class_list":["post-1004398658","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-columbus","category-deals","category-investment","category-midwest","category-latest","category-office","tag-arch-street-capital-advisors","tag-capital-one","tag-dhl","tag-vereit"],"acf":[],"yoast_head":"\nArch Street JV Buys DHL's North America HQ - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/arch-street-jv-buys-dhl-hq\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Arch Street JV Buys DHL's North America HQ\" \/>\n<meta property=\"og:description\" content=\"The Daimler Group sold the newly opened headquarters building for more than $33 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/arch-street-jv-buys-dhl-hq\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-03-10T13:16:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-03-10T13:21:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/DHL-North-American-Headquarters.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Pavel Cazacu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/arch-street-jv-buys-dhl-hq\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/arch-street-jv-buys-dhl-hq\/\",\"name\":\"Arch Street JV Buys DHL's North America HQ - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/arch-street-jv-buys-dhl-hq\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/arch-street-jv-buys-dhl-hq\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/DHL-North-American-Headquarters.jpg\",\"datePublished\":\"2020-03-10T13:16:40+00:00\",\"dateModified\":\"2020-03-10T13:21:16+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/caac04e9f88552f7c898ba456c2498d8\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/arch-street-jv-buys-dhl-hq\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/arch-street-jv-buys-dhl-hq\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/arch-street-jv-buys-dhl-hq\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/DHL-North-American-Headquarters.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/DHL-North-American-Headquarters.jpg\",\"width\":800,\"height\":620,\"caption\":\"DHL North American Headquarters. 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