Developer sheds $212M in East Coast assets

ARC Properties Inc., a real estate development company operating in the New York to Washington, D.C., corridor, has announced the sale of 26 properties held in ARC Corporate Realty Trust.

The Trust consisted of 26 properties located in 10 states with an aggregate value in excess of $212 million. Tenants of the national portfolio included AT&T, Bed Bath & Beyond, CaroMont Health Systems, United Technologies, OfficeMax, Walgreen's, Barnes & Noble, and others.

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