Carter Validus Mission Critical REIT Acquires $5,300,000 Data Center
March 15 2012 - 5:14PM
Business Wire
Carter Validus Mission Critical REIT, Inc. announced today that
it has acquired the Northwoods Data Center, located in Norcross,
Georgia, for a purchase price of $5,300,000, plus closing costs.
The property is located about 20 miles from downtown Atlanta and
has approximately 33,000 square feet.
The Northwoods Data Center is 100% leased through 2025 to a
co-location tenant that operates in ten separate markets and runs a
total of twenty-one data centers. Due to growing demand for
virtualization, managed hosting and cloud based services, this
tenant has commenced on its third upgrade to the property, which
includes increasing power capacity, significantly expanding the
raised floor area and updating heating, ventilation and air
conditioning units.
“We believe this property is well located within the greater
Atlanta area,” says John Carter, CEO of Carter Validus Mission
Critical REIT, Inc. “Given its desirable location and
well-established, long-term tenant, the Northwoods Data Center is a
great addition to our growing portfolio of mission critical real
estate.”
Carter Validus Mission Critical REIT, Inc., which intends to
qualify as a real estate investment trust, intends to acquire
mission critical real estate assets located throughout the United
States. Mission critical real estate assets are purpose-built
facilities designed to support the most essential operations of
tenants. Carter Validus Mission Critical REIT, Inc. will focus its
acquisitions of mission critical assets in the data center and
healthcare sectors.
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