NEW YORK—American Realty Capital Properties Inc. (ARCP) has acquired a TD Bank office building in Falmouth, Maine for $31 million.
Located at 200 U.S. Route 1, the property consists of 143,030 sq. ft. of space.
“Coupled with our $8.8 million purchase of a FedEx Ground facility this past week, we have made approximately $40 million of acquisitions which reflect our focus on assembling a portfolio of strong credit tenants,” commented Nicholas S. Schorsch, chairman and CEO of ARCP. “We are pleased to have added TD Bank, a well known nationally recognized banking institution, to our portfolio.”