data centers

March 29, 2016 Comments Off on GA, MI Data Centers Acquired for $24M Views: 249 California News, Florida, Georgia, Michigan, Midwest, National News, Southeast

GA, MI Data Centers Acquired for $24M

Carter Validus Mission Critical REIT II (CVMC REIT II) acquired two data centers in separate transactions for a total of $24.2 million. The Tampa, FL real estate investment trust has added the 77,322-square-foot Alpharetta Data Center III colocation data center in Alpharetta, GA, and the 43,724-square-foot Flint Data Center in Flint, MI.

“Given the quality of the facilities, their central locations and the fact that both are 100% occupied by first-rate tenants, these data center properties benefit from strong real estate fundamentals that we believe will translate into meaningful value for shareholders,” said Michael Seton, President of CVMC REIT II.

Read More at Business Wire

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