Gatehouse Bank completes US acquisition of GSA tenanted office building
London-based Gatehouse Bank has completed the acquisition of a 163,000 sq ft, state of the art office building in Salt Lake City, Utah, which is 100% leased to the General Services Administration (GSA) for a fixed term of 20 years.
The deal is expected to return a stable and healthy yield over the investment period. Gatehouse Bank was assisted by Arch Street Capital Advisors and sister company GSH in this transaction.
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