Carter Validus REIT $65M Data Center in Philadelphia

Carter Validus is one of the leading real estate firms with approximately 150 associates across US. Carter Validus has over $2.5 billion assets across 17 million square feet of commercial property. Carter Validus primarily concentrates to invest in quality income-producing commercial real estate places like healthcare sectors and data centers.

Carter validus Mission Critical REIT inc. has bought a data center in Philadelphia from CSX Corporation for about $65 Million. This data center in Philadelphia was built in 1993 and has area about 121, 000 sq foot. This two story building was specifically designed to house data centers equipment. This data center is capable of withstanding extreme weather conditions like tornados, hurricanes and earthquakes to some casino online extent.

This property was fully leased to

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a large investment management company. John Carter CEO of Carter Validus said, “The quality tenant has a long remaining lease term and significant capital investment in the property, which is expected to provide a strong rental income stream to the REIT”s portfolio for years to come.“ This property is fully leased to CV and CBRE represented the seller in

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