TAMPA, Fla.--(BUSINESS WIRE)--Carter Validus Mission Critical REIT, Inc. announced that it has purchased its second AT&T Data Center property via a sale-leaseback transaction for approximately $110,000,000. The property is situated in Brentwood, TN and is within close proximity to Nashville, one of the largest metropolitan statistical areas in the Southern United States.
The property, 100% leased to AT&T Services, Inc., is a single-tenant data center that serves as AT&T's main communications hub for the Tennessee and Kentucky regions. The facility has over 103,000 square feet of raised floor white space and 75,000 square feet of mechanical space, with the remainder utilized for engineering and support functions.
“This acquisition continues to reinforce our commitment to purchase high quality, mission critical real estate leased to creditworthy tenants in strategic markets throughout the United States,” said Michael Seton, President and Chief Investment Officer, Carter/Validus Advisors, LLC.
Carter Validus Mission Critical REIT, Inc. is a real estate investment trust that invests in 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. focuses its acquisitions of mission critical assets in the data center and healthcare sectors.
Forward-Looking Statements
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